Price for Electric Motors; of an Output Not Exceeding 37.5W in Austria - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Austria (FOB) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Austria (CIF) - 2023
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Austria
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Austria
Price for Electric Motors; of an Output Not Exceeding 37.5W in Austria (FOB) - 2023
The average export price for electric motors stood at $3.3 per unit in December 2023, with an increase of 29% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($11.1 per unit), while the average price for exports to North Macedonia ($1.2 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 Hungary (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Austria (CIF) - 2023
In December 2023, the average import price for electric motors amounted to $1.5 per unit, shrinking by -10.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 15% against the previous month. As a result, import price reached the peak level of $1.7 per unit, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Taiwan (Chinese) ($10.2 per unit), while the price for Vietnam ($445 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Austria
Exports of electric motors from Austria soared to 15M units in 2022, with an increase of 37% compared with the previous year. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 221% against the previous year. As a result, the exports reached the peak of 29M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of electric motors shrank to $325M in 2022. Overall, exports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by 17%. As a result, the exports reached the peak of $356M, and then declined in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.9 | 35.2 | 51.2 | 59.9 | 7.7% |
| Czech Republic | 39.3 | 33.8 | 30.6 | 31.0 | -7.6% |
| Slovakia | 36.9 | 33.7 | 41.0 | 27.4 | -9.4% |
| China | 31.6 | 36.4 | 41.9 | 25.7 | -6.7% |
| Hungary | 19.1 | 17.1 | 17.6 | 23.4 | 7.0% |
| Poland | 11.6 | 11.5 | 17.3 | 13.0 | 3.9% |
| Romania | 3.5 | 5.3 | 9.9 | 12.2 | 51.6% |
| Spain | 16.6 | 21.3 | 22.8 | 12.0 | -10.3% |
| Canada | 17.4 | 11.5 | 8.8 | 9.5 | -18.3% |
| Croatia | 3.7 | 4.3 | 5.1 | 5.7 | 15.5% |
| Italy | 1.0 | 0.9 | 1.1 | 1.1 | 3.2% |
| South Korea | 1.4 | 1.1 | 1.1 | 1.1 | -7.7% |
| India | 3.2 | 2.4 | 0.4 | 1.0 | -32.1% |
| Others | 112 | 89.9 | 107 | 102 | -3.1% |
| Total | 345 | 304 | 356 | 325 | -2.0% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Austria in 2022:
- Canada (3.9M units)
- United States (2.5M units)
- Czech Republic (1.3M units)
- Slovakia (1.1M units)
- Italy (0.6M units)
- South Korea (0.6M units)
- Romania (0.5M units)
- Poland (0.5M units)
- India (0.5M units)
- Spain (0.5M units)
- China (0.4M units)
- Hungary (0.3M units)
- Croatia (0.3M units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Austria
In 2022, after three years of growth, there was significant decline in overseas purchases of electric motors, when their volume decreased by -14.3% to 30M units. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 171%. Imports peaked at 35M units in 2021, and then shrank in the following year.
In value terms, imports of electric motors reduced to $272M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of $294M, and then declined in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 40.9 | 73.4 | 96.9 | 95.7 | 32.8% |
| Switzerland | 47.5 | 48.4 | 58.6 | 54.8 | 4.9% |
| Vietnam | 47.2 | 38.6 | 44.7 | 40.8 | -4.7% |
| China | 55.5 | 28.8 | 52.9 | 40.4 | -10.0% |
| Taiwan (Chinese) | 9.5 | 6.3 | 7.2 | 8.5 | -3.6% |
| Thailand | 2.0 | 3.5 | 5.1 | 2.4 | 6.3% |
| France | 1.5 | 1.2 | 1.6 | 1.5 | 0.0% |
| Others | 23.1 | 19.2 | 26.4 | 28.4 | 7.1% |
| Total | 227 | 219 | 294 | 272 | 6.2% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Austria in 2022:
- Germany (7.7M units)
- Switzerland (4.7M units)
- Vietnam (3.9M units)
- China (3.9M units)
- Taiwan (Chinese) (2.8M units)
- Thailand (1.7M units)
- France (1.0M units)
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