Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia (FOB) - 2024
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia (FOB) - 2024
The average export price for electric motors and generators stood at $37.0 per unit in January 2024, dropping by -2.8% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 12% m-o-m. The export price peaked at $38.1 per unit in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was the United States ($46.1 per unit), while the average price for exports to Romania ($6.0 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 the United States (+1.3%), 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 Serbia (CIF) - 2022
The average import price for electric motors and generators stood at $47 per unit in 2022, growing by 3% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. As a result, import price attained the peak level of $170 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($140 per unit), while the price for Italy ($24 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia
In 2022, the amount of electric motors and generators exported from Serbia surged to 2.4M units, jumping by 93% compared with the previous year. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators soared to $109M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.7 | 7.2 | 13.8 | 40.9 | 82.8% |
| Italy | 24.3 | 24.9 | 27.6 | 23.8 | -0.7% |
| Hungary | 7.1 | 7.0 | 7.4 | 16.5 | 32.5% |
| United States | 8.2 | 8.8 | 13.6 | 9.2 | 3.9% |
| France | 20.6 | 16.9 | 16.7 | 8.4 | -25.8% |
| Poland | 0.9 | 5.6 | 4.9 | 1.5 | 18.6% |
| Morocco | 2.5 | 1.4 | 0.7 | 0.7 | -34.6% |
| Portugal | N/A | N/A | N/A | 0.6 | 0% |
| Others | 14.7 | 6.1 | 4.4 | 7.8 | -19.0% |
| Total | 85.0 | 78.0 | 89.2 | 109 | 8.6% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Serbia in 2022:
- Germany (659.8K units)
- Italy (640.2K units)
- Portugal (351.1K units)
- Hungary (289.5K units)
- United States (139.8K units)
- France (106.3K units)
- Morocco (61.0K units)
- Poland (38.9K units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia
In 2022, approx. 73K units of electric motors and generators were imported into Serbia; reducing by -38% compared with 2021 figures. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports of reached the maximum at 140K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors and generators fell notably to $3.4M in 2022. Over the period under review, imports saw a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, imports of hit record highs at $8.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6,199 | 1,136 | 1,677 | 1,143 | -43.1% |
| China | 438 | 581 | 719 | 701 | 17.0% |
| Italy | 1,319 | 1,268 | 1,460 | 410 | -32.3% |
| France | 176 | 109 | 150 | 160 | -3.1% |
| Hungary | 26.8 | 73.5 | 76.5 | 130 | 69.3% |
| Brazil | 19.3 | 18.7 | 19.3 | 57.3 | 43.7% |
| Others | 577 | 622 | 1,207 | 792 | 11.1% |
| Total | 8,756 | 3,809 | 5,310 | 3,393 | -27.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Serbia in 2022:
- China (26.9K units)
- Germany (17.6K units)
- Italy (17.3K units)
- Hungary (3.1K units)
- Brazil (1.3K units)
- France (1.1K units)
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