Price for Electric Motors; of an Output Not Exceeding 37.5W in Australia - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Australia (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Australia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Australia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Australia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Australia (CIF) - 2022
In 2022, the average import price for electric motors amounted to $37 per unit, growing by 24% against the previous year. Over the period under review, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 45%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Germany ($78 per unit), while the price for Thailand ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Australia (FOB) - 2022
In 2022, the average export price for electric motors amounted to $20 per unit, growing by 50% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric motors increased by +52.0% against 2020 indices. Over the period under review, the average export prices attained the peak figure at $26 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($63 per unit), while the average price for exports to Italy ($5.2 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 Malaysia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Australia
Imports of electric motors into Australia rose significantly to 3.1M units in 2022, growing by 13% compared with 2021 figures. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electric motors skyrocketed to $115M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +63.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.4 | 34.1 | 29.4 | 45.7 | 6.9% |
| Singapore | 0.2 | 0.1 | 7.4 | 23.9 | 392.6% |
| China | 8.2 | 9.7 | 14.5 | 18.6 | 31.4% |
| Switzerland | 5.2 | 5.3 | 6.0 | 6.1 | 5.5% |
| Germany | 4.9 | 3.8 | 3.9 | 3.4 | -11.5% |
| Taiwan (Chinese) | 1.8 | 1.7 | 3.0 | 2.2 | 6.9% |
| Japan | 1.3 | 2.0 | 2.9 | 1.8 | 11.5% |
| South Korea | 0.6 | 0.7 | 1.1 | 1.1 | 22.4% |
| Others | 11.1 | 14.6 | 14.0 | 12.7 | 4.6% |
| Total | 70.7 | 71.9 | 82.3 | 115 | 17.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Australia in 2022:
- China (1001.0K units)
- Singapore (840.3K units)
- United States (766.6K units)
- Switzerland (87.5K units)
- Taiwan (Chinese) (69.7K units)
- South Korea (69.3K units)
- Germany (43.7K units)
- Japan (33.1K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Australia
In 2022, overseas shipments of electric motors decreased by -19.9% to 900K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports reached the peak of 1.1M units, and then reduced markedly in the following year.
In value terms, exports of electric motors skyrocketed to $18M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 47%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,952 | 1,982 | 3,090 | 3,693 | 23.7% |
| Thailand | 20.8 | 213 | 500 | 3,038 | 426.6% |
| Malaysia | 456 | 843 | 794 | 1,915 | 61.3% |
| Pakistan | 1,496 | 1,996 | 3,920 | 1,032 | -11.6% |
| France | 123 | 151 | 326 | 961 | 98.4% |
| United States | 1,210 | 609 | 1,351 | 677 | -17.6% |
| China | 472 | 607 | 319 | 438 | -2.5% |
| Italy | 613 | 206 | 256 | 192 | -32.1% |
| Singapore | 778 | 598 | 103 | 98.2 | -49.8% |
| Germany | 351 | 260 | 252 | 84.3 | -37.8% |
| Others | 3,900 | 2,605 | 3,928 | 5,659 | 13.2% |
| Total | 11,371 | 10,070 | 14,841 | 17,787 | 16.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Australia in 2022:
- New Zealand (319.9K units)
- Pakistan (171.0K units)
- France (101.9K units)
- United States (59.3K units)
- Thailand (48.2K units)
- Malaysia (43.9K units)
- Italy (36.8K units)
- China (33.6K units)
- Germany (12.2K units)
- Singapore (7.8K units)
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