Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR (FOB) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR (CIF) - 2023
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $2.9 per unit, increasing by 15% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. Over the period under review, the average export prices hit record highs at $4 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($6.9 per unit), while the average price for exports to Germany ($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 Italy (+6.7%), 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 Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for electric motors and generators amounted to $3.5 per unit, which is down by -13.2% against the previous month. In general, the import price saw a slight curtailment. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 35% against the previous month. Over the period under review, average import prices attained the maximum at $4.5 per unit in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($6.1 per unit), while the price for Vietnam ($897 per thousand units) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of electric motors and generators, when their volume decreased by -47% to 35M units. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of 66M units, and then shrank remarkably in the following year.
In value terms, exports of electric motors and generators contracted notably to $102M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. As a result, the exports attained the peak of $166M, and then fell notably in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 24.9 | 23.7 | 15.9 | -16.5% |
| United States | 10.7 | 15.6 | 34.4 | 15.4 | 12.9% |
| Japan | 21.2 | 13.7 | 16.2 | 13.4 | -14.2% |
| Germany | 13.5 | 13.9 | 22.5 | 13.2 | -0.7% |
| Hungary | 3.0 | 3.1 | 5.2 | 4.7 | 16.1% |
| Italy | 4.8 | 4.3 | 5.4 | 3.9 | -6.7% |
| Mexico | 1.9 | 0.6 | 2.3 | 3.2 | 19.0% |
| Malaysia | 12.7 | 8.1 | 15.9 | 3.1 | -37.5% |
| Thailand | 1.2 | 1.2 | 2.2 | 2.3 | 24.2% |
| Vietnam | 1.6 | 2.5 | 4.5 | 2.2 | 11.2% |
| India | 1.7 | 1.9 | 3.7 | 2.1 | 7.3% |
| Czech Republic | 0.4 | 0.3 | 0.4 | 1.2 | 44.2% |
| Philippines | 2.0 | 2.3 | 3.1 | 0.8 | -26.3% |
| Others | 30.2 | 24.2 | 26.6 | 20.0 | -12.8% |
| Total | 132 | 117 | 166 | 102 | -8.2% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Hong Kong SAR in 2022:
- Germany (13.6M units)
- United States (3.3M units)
- China (3.0M units)
- Japan (2.0M units)
- Malaysia (1.6M units)
- Thailand (1.4M units)
- Hungary (1.1M units)
- Mexico (1.0M units)
- Vietnam (0.7M units)
- Italy (0.6M units)
- Czech Republic (0.6M units)
- Philippines (0.6M units)
- India (0.6M units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR
In 2022, the amount of electric motors and generators imported into Hong Kong SAR shrank notably to 35M units, declining by -47.5% against the year before. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of 66M units, and then declined dramatically in the following year.
In value terms, imports of electric motors and generators contracted sharply to $82M in 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $156M, and then declined significantly in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.6 | 69.5 | 131 | 62.7 | -14.0% |
| Thailand | 4.6 | 2.9 | 4.5 | 7.2 | 16.1% |
| Others | 22.1 | 21.0 | 19.8 | 12.2 | -18.0% |
| Total | 125 | 93.4 | 156 | 82.1 | -13.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Hong Kong SAR in 2022:
- China (32.1M units)
- Thailand (2.0M units)
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