Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (FOB) - 2024
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (CIF) - 2024
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (FOB) - 2024
The average export price for electric motors and generators stood at $9.9 per unit in December 2023, reducing by -1.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 7.8% m-o-m. Over the period under review, the average export prices hit record highs at $10.9 per unit in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($15.2 per unit), while the average price for exports to the Netherlands ($3.8 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (CIF) - 2024
In December 2023, the average import price for electric motors and generators amounted to $23.4 per unit, shrinking by -7.1% against the previous month. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in October 2023 when the average import price increased by 15% m-o-m. Over the period under review, average import prices attained the peak figure at $32.7 per unit in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($94.5 per unit), while the price for the Philippines ($6.5 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China
In 2022, shipments abroad of electric motors and generators decreased by -8.2% to 334M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 364M units, and then reduced in the following year.
In value terms, exports of electric motors and generators reached $3.6B in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 464 | 431 | 484 | 521 | 3.9% |
| Japan | 261 | 224 | 263 | 265 | 0.5% |
| Germany | 217 | 217 | 270 | 246 | 4.3% |
| South Korea | 140 | 158 | 192 | 194 | 11.5% |
| Thailand | 122 | 116 | 171 | 184 | 14.7% |
| Vietnam | 103 | 183 | 227 | 171 | 18.4% |
| India | 65.8 | 61.8 | 98.6 | 145 | 30.1% |
| Mexico | 62.4 | 65.7 | 97.7 | 130 | 27.7% |
| Poland | 40.1 | 58.4 | 91.9 | 128 | 47.2% |
| Netherlands | 94.7 | 81.2 | 109 | 125 | 9.7% |
| Hong Kong SAR | 126 | 112 | 171 | 86.9 | -11.6% |
| Malaysia | 62.4 | 65.5 | 80.6 | 78.8 | 8.1% |
| Romania | 19.5 | 27.0 | 51.7 | 52.3 | 38.9% |
| Others | 881 | 934 | 1,277 | 1,270 | 13.0% |
| Total | 2,659 | 2,735 | 3,585 | 3,597 | 10.6% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from China in 2022:
- United States (36.5M units)
- Netherlands (29.8M units)
- Germany (23.6M units)
- Japan (21.2M units)
- Vietnam (21.0M units)
- Hong Kong SAR (19.2M units)
- South Korea (17.2M units)
- India (16.4M units)
- Mexico (14.8M units)
- Malaysia (14.4M units)
- Thailand (13.0M units)
- Poland (11.5M units)
- Romania (8.6M units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China
In 2022, supplies from abroad of electric motors and generators decreased by -8.6% to 36M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 39M units, and then dropped in the following year.
In value terms, imports of electric motors and generators dropped to $1B in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 16%. Over the period under review, imports of reached the peak figure at $1.1B in 2021, and then shrank in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 238 | 339 | 442 | 404 | 19.3% |
| Germany | 149 | 179 | 179 | 145 | -0.9% |
| South Korea | 149 | 91.3 | 85.6 | 75.0 | -20.5% |
| Switzerland | 59.1 | 63.6 | 89.2 | 62.1 | 1.7% |
| Taiwan (Chinese) | 11.4 | 13.5 | 38.0 | 45.7 | 58.9% |
| Singapore | 1.2 | 0.9 | 5.8 | 42.5 | 228.4% |
| Vietnam | 38.0 | 47.4 | 44.4 | 34.8 | -2.9% |
| Hungary | 16.6 | 30.5 | 31.0 | 20.7 | 7.6% |
| Italy | 13.6 | 15.2 | 16.6 | 17.5 | 8.8% |
| Philippines | 2.6 | 1.4 | 1.9 | 12.1 | 67.0% |
| Mexico | 32.4 | 22.7 | 19.1 | 10.1 | -32.2% |
| Poland | 10.8 | 8.6 | 9.2 | 8.5 | -7.7% |
| Indonesia | 3.2 | 2.8 | 3.8 | 7.2 | 31.0% |
| Others | 105 | 145 | 148 | 133 | 8.2% |
| Total | 829 | 962 | 1,114 | 1,018 | 7.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to China in 2022:
- Japan (10.7M units)
- South Korea (4.5M units)
- Vietnam (3.7M units)
- Germany (3.1M units)
- Philippines (1.2M units)
- Indonesia (1.1M units)
- Taiwan (Chinese) (0.8M units)
- Singapore (0.8M units)
- Switzerland (0.7M units)
- Poland (0.7M units)
- Italy (0.5M units)
- Hungary (0.5M units)
- Mexico (0.4M units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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