Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark (FOB) - 2023
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark (CIF) - 2023
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark (FOB) - 2023
In December 2023, the average export price for electric motors and generators amounted to $52.6 per unit, standing approximately at the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 20% against the previous month. As a result, the export price attained the peak level of $59.8 per unit. From October 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Norway ($129 per unit), while the average price for exports to Canada ($11.7 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 Norway (+5.6%), 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 Denmark (CIF) - 2023
In December 2023, the average import price for electric motors and generators amounted to $19.3 per unit, with an increase of 7.5% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 30% month-to-month. As a result, import price attained the peak level of $26.0 per unit. From August 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($88.5 per unit), while the price for Singapore ($3.6 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+1.2%), 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 Denmark
In 2022, approx. 3.9M units of electric motors and generators were exported from Denmark; growing by 1.6% against the year before. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of electric motors and generators rose rapidly to $190M in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.3 | 25.2 | 33.8 | 48.7 | 22.8% |
| Germany | 23.0 | 26.7 | 28.8 | 33.3 | 13.1% |
| France | 13.4 | 16.2 | 17.0 | 16.8 | 7.8% |
| Netherlands | 6.9 | 7.7 | 9.9 | 11.7 | 19.2% |
| Poland | 7.4 | 8.9 | 12.4 | 9.5 | 8.7% |
| Italy | 6.7 | 6.5 | 8.5 | 7.9 | 5.6% |
| United Kingdom | 6.0 | 5.6 | 7.7 | 7.0 | 5.3% |
| Sweden | 8.5 | 8.5 | 10.5 | 6.9 | -6.7% |
| Spain | 5.6 | 6.7 | 6.6 | 6.0 | 2.3% |
| Turkey | 3.2 | 6.3 | 3.2 | 4.5 | 12.0% |
| Japan | 3.4 | 3.1 | 3.6 | 4.1 | 6.4% |
| Taiwan (Chinese) | 1.9 | 2.9 | 3.9 | 2.9 | 15.1% |
| Others | 29.8 | 29.3 | 32.1 | 30.3 | 0.6% |
| Total | 142 | 154 | 178 | 190 | 10.2% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Denmark in 2022:
- United States (1028.2K units)
- Germany (691.5K units)
- France (488.4K units)
- Netherlands (233.2K units)
- Poland (191.5K units)
- Spain (180.4K units)
- United Kingdom (138.4K units)
- Turkey (129.7K units)
- Italy (119.3K units)
- Sweden (115.3K units)
- Japan (68.3K units)
- Taiwan (Chinese) (59.2K units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Denmark
For the fourth year in a row, Denmark recorded growth in overseas purchases of electric motors and generators, which increased by 126% to 6.2M units in 2022. In general, imports enjoyed a significant increase. 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 skyrocketed to $106M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained 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 Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 35.1 | 40.3 | 39.1 | 34.8 | -0.3% |
| Italy | 0.3 | 0.2 | 3.7 | 22.5 | 321.7% |
| China | 1.9 | 5.2 | 8.6 | 14.5 | 96.9% |
| Sweden | 2.8 | 2.9 | 5.0 | 7.9 | 41.3% |
| Romania | N/A | N/A | 0.4 | 7.7 | 1825.0% |
| Germany | 4.3 | 4.0 | 4.8 | 7.0 | 17.6% |
| Others | 6.5 | 9.0 | 10.2 | 12.0 | 22.7% |
| Total | 50.9 | 61.6 | 71.8 | 106 | 27.7% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Denmark in 2022:
- Slovakia (2194.5K units)
- China (1607.8K units)
- Romania (1193.0K units)
- Italy (818.6K units)
- Sweden (175.2K units)
- Germany (104.5K units)
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