Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey (CIF) - 2024
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey (FOB) - 2024
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey (CIF) - 2024
The average import price for electric motors and generators stood at $18.4 per unit in January 2024, picking up by 17% against the previous month. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($55.8 per unit), while the price for India ($1.9 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey (FOB) - 2024
The average export price for electric motors and generators stood at $16.9 per unit in January 2024, declining by -23.7% against the previous month. Over the period under review, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 50% against the previous month. The export price peaked at $28.7 per unit in March 2023; however, from April 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($72.7 per unit), while the average price for exports to Romania ($8.4 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 France (+2.9%), 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 Turkey
In 2022, after three years of growth, there was significant decline in supplies from abroad of electric motors and generators, when their volume decreased by -10.6% to 11M units. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. Imports peaked at 12M units in 2021, and then fell in the following year.
In value terms, imports of electric motors and generators reached $170M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.1 | 38.5 | 55.9 | 64.6 | 45.2% |
| Slovakia | 4.8 | 11.9 | 26.3 | 26.4 | 76.5% |
| Japan | 20.5 | 18.9 | 18.1 | 17.9 | -4.4% |
| Germany | 15.1 | 14.3 | 15.3 | 11.8 | -7.9% |
| Italy | 9.5 | 8.4 | 11.6 | 9.0 | -1.8% |
| South Korea | 14.9 | 20.5 | 7.6 | 6.2 | -25.3% |
| Poland | 2.4 | 3.4 | 5.4 | 5.7 | 33.4% |
| Spain | 4.4 | 3.8 | 3.8 | 3.6 | -6.5% |
| India | 0.8 | 0.8 | 0.8 | 1.0 | 7.7% |
| Others | 18.3 | 18.0 | 18.7 | 23.9 | 9.3% |
| Total | 112 | 138 | 163 | 170 | 14.9% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Turkey in 2022:
- China (5.4M units)
- Slovakia (1.5M units)
- Japan (0.9M units)
- Italy (0.8M units)
- Poland (0.5M units)
- Germany (0.3M units)
- India (0.2M units)
- South Korea (0.2M units)
- Spain (0.2M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Turkey
In 2022, the amount of electric motors and generators exported from Turkey soared to 855K units, with an increase of 93% against the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators soared to $20M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 241 | 770 | 2,162 | 4,866 | 172.3% |
| France | 870 | 816 | 1,952 | 2,638 | 44.7% |
| Russia | 142 | 160 | 222 | 2,266 | 151.8% |
| Germany | 1,856 | 1,804 | 2,233 | 1,865 | 0.2% |
| United States | 395 | 565 | 539 | 1,600 | 59.4% |
| Italy | 224 | 176 | 280 | 758 | 50.1% |
| Iran | 198 | 365 | 387 | 663 | 49.6% |
| Spain | 300 | 36.2 | 365 | 169 | -17.4% |
| Others | 2,985 | 2,510 | 3,490 | 5,187 | 20.2% |
| Total | 7,212 | 7,202 | 11,631 | 20,013 | 40.5% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Turkey in 2022:
- Romania (429.5K units)
- Germany (94.1K units)
- France (91.0K units)
- United States (70.6K units)
- Iran (32.8K units)
- Russia (31.9K units)
- Italy (18.4K units)
- Spain (6.1K units)
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
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