Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam - 2022

Contents:

1. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam (CIF) - 2022
2. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam (FOB) - 2022
3. Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam
4. Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam (CIF) - 2022

The average import price for electric motors and generators stood at $24,488 per unit in 2022, picking up by 45% against the previous year. Over the period under review, the import price continues to indicate a perceptible increase. The growth pace was the most rapid in 2019 an increase of 83% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($58,518 per unit), while the price for India ($2,633 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+49.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam (FOB) - 2022

In 2022, the average export price for electric motors and generators amounted to $1,414 per unit, picking up by 348% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 889% against the previous year. As a result, the export price reached the peak level of $3,506 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($22,546 per unit), while the average price for exports to Taiwan (Chinese) ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1,184.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam

In 2022, overseas purchases of electric motors and generators were finally on the rise to reach 272 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric motors and generators soared to $6.7M in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Vietnam in 2022:

1. Spain (113.0 units)
2. Finland (52.0 units)
3. Netherlands (24.0 units)
4. Thailand (22.0 units)
5. Italy (15.0 units)
6. China (13.0 units)
7. India (9.0 units)
8. Germany (3.0 units)
9. Singapore (1.0 units)

Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Vietnam

In 2022, overseas shipments of electric motors and generators decreased by -10.5% to 17 units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports reached the peak of 19 units, and then declined in the following year.

In value terms, exports of electric motors and generators skyrocketed to $24K in 2022. Overall, exports, however, enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Vietnam in 2022:

1. Canada (1.0 units)
2. Australia (1.0 units)
3. Lao People's Democratic Republic (1.0 units)
4. Chile (1.0 units)
5. Taiwan (Chinese) (1.0 units)
6. Finland (1.0 units)
7. Costa Rica (1.0 units)
8. Cambodia (1.0 units)
9. France (1.0 units)
10. Malaysia (1.0 units)
11. Ireland (1.0 units)
12. South Korea (1.0 units)
13. Russia (1.0 units)

Source: IndexBox Market Intelligence Platform