Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (CIF) - 2024
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (FOB) - 2024
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (CIF) - 2024
In January 2024, the average import price for electric motors and generators amounted to $42.6 per unit, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 44% against the previous month. As a result, import price reached the peak level of $50.8 per unit. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($248 per unit), while the price for China ($24.8 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (FOB) - 2024
The average export price for electric motors and generators stood at $116 per unit in January 2024, falling by -27% against the previous month. In general, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in December 2023 when the average export price increased by 67% month-to-month. Over the period under review, the average export prices hit record highs at $164 per unit in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($122 per unit), while the average price for exports to Germany ($68.2 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada
In 2022, the amount of electric motors and generators imported into Canada contracted slightly to 7.5M units, shrinking by -4.3% against the year before. In general, imports recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 9.6% against the previous year. Over the period under review, imports of hit record highs at 7.8M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors and generators expanded significantly to $235M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 74.8 | 80.8 | 82.4 | 86.1 | 4.8% |
| China | 29.4 | 25.6 | 43.8 | 48.6 | 18.2% |
| Mexico | 80.3 | 49.1 | 33.3 | 36.7 | -23.0% |
| Bosnia and Herzegovina | N/A | N/A | 1.9 | 5.2 | 173.7% |
| Denmark | 2.9 | 2.7 | 3.9 | 4.9 | 19.1% |
| South Korea | 1.5 | 2.4 | 3.2 | 4.0 | 38.7% |
| Slovenia | 6.2 | 6.0 | 6.2 | 2.1 | -30.3% |
| Montenegro | N/A | 2.2 | 3.3 | 1.2 | -26.1% |
| Others | 31.5 | 31.4 | 33.8 | 45.9 | 13.4% |
| Total | 227 | 200 | 212 | 235 | 1.2% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Canada in 2022:
- United States (2905.4K units)
- China (2815.0K units)
- Mexico (752.5K units)
- South Korea (143.4K units)
- Montenegro (137.3K units)
- Bosnia and Herzegovina (131.4K units)
- Denmark (117.2K units)
- Slovenia (53.6K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada
In 2022, exports of electric motors and generators from Canada skyrocketed to 1.2M units, with an increase of 17% against 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked at 1.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors and generators soared to $128M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.5 | 42.4 | 60.4 | 74.9 | 21.8% |
| Mexico | 0.1 | 0.1 | 7.2 | 15.9 | 441.8% |
| Germany | 0.4 | 0.4 | 0.5 | 3.3 | 102.1% |
| Others | 13.6 | 15.7 | 26.5 | 34.0 | 35.7% |
| Total | 55.6 | 58.7 | 94.6 | 128 | 32.0% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Canada in 2022:
- United States (1011.0K units)
- Mexico (133.6K units)
- Germany (56.7K units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
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