Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia (CIF) - 2023
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia (FOB) - 2023
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia (CIF) - 2023
The average import price for electric motors and generators stood at $107 per unit in December 2023, surging by 101% against the previous month. Overall, the import price recorded a temperate increase. The most prominent rate of growth was recorded in February 2023 an increase of 141% m-o-m. As a result, import price attained the peak level of $154 per unit. From March 2023 to December 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for Slovenia amounted to +6.0% per month.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia (FOB) - 2023
The average export price for electric motors and generators stood at $28.3 per unit in December 2023, declining by -73% against the previous month. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 256% month-to-month. Over the period under review, the average export prices reached the maximum at $135 per unit in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Bosnia and Herzegovina ($230 per unit), while the average price for exports to North Macedonia ($16.3 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia
In 2022, purchases abroad of electric motors and generators increased by 26% to 137K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic shrinkage. Imports peaked at 286K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors and generators stood at $9.3M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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 Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,417 | 1,811 | 1,705 | 3,349 | 33.2% |
| Germany | 1,485 | 1,442 | 1,934 | 1,914 | 8.8% |
| Austria | 656 | 309 | 730 | 491 | -9.2% |
| Italy | 372 | 711 | 297 | 380 | 0.7% |
| Poland | 244 | 212 | 287 | 363 | 14.2% |
| France | 2,522 | 2,176 | 320 | 311 | -50.2% |
| Denmark | 187 | 246 | 330 | 279 | 14.3% |
| Others | 1,478 | 1,741 | 2,899 | 2,206 | 14.3% |
| Total | 8,359 | 8,649 | 8,502 | 9,293 | 3.6% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Croatia in 2022:
- China (56.0K units)
- France (23.8K units)
- Germany (13.6K units)
- Poland (13.1K units)
- Austria (7.7K units)
- Italy (6.5K units)
- Denmark (5.3K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia
In 2022, exports of electric motors and generators from Croatia contracted notably to 19K units, with a decrease of -50.6% against 2021. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 38K units, and then contracted sharply in the following year.
In value terms, exports of electric motors and generators shrank notably to $2.1M in 2022. Overall, total exports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $2.9M, and then shrank remarkably in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 316 | 435 | 552 | 595 | 23.5% |
| Slovenia | 313 | 266 | 335 | 316 | 0.3% |
| Hungary | 236 | 148 | 306 | 211 | -3.7% |
| Serbia | 296 | 234 | 294 | 161 | -18.4% |
| Germany | 120 | 152 | 137 | 117 | -0.8% |
| Bosnia and Herzegovina | 156 | 217 | 116 | 93.2 | -15.8% |
| Bulgaria | 31.4 | 58.4 | 94.8 | 70.1 | 30.7% |
| Poland | 32.5 | 55.8 | 74.8 | 62.6 | 24.4% |
| Montenegro | 24.9 | 44.0 | 76.9 | 60.0 | 34.1% |
| North Macedonia | 20.3 | 18.8 | 52.2 | 41.5 | 26.9% |
| Italy | 16.0 | 20.8 | 15.7 | 35.4 | 30.3% |
| Austria | 183 | 77.9 | 222 | 27.3 | -47.0% |
| Czech Republic | 116 | 70.2 | 158 | 14.4 | -50.1% |
| Others | 124 | 391 | 499 | 310 | 35.7% |
| Total | 1,985 | 2,189 | 2,933 | 2,114 | 2.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Croatia in 2022:
- Romania (3.7K units)
- Slovenia (2.8K units)
- Hungary (2.7K units)
- Serbia (1.7K units)
- Bosnia and Herzegovina (1.3K units)
- Poland (1.1K units)
- Montenegro (0.8K units)
- Germany (0.8K units)
- Italy (0.7K units)
- Bulgaria (0.7K units)
- Austria (0.4K units)
- North Macedonia (0.3K units)
- Czech Republic (0.2K units)
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