Price for Electric Motors; of an Output Not Exceeding 37.5W in Belarus - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Belarus (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Belarus (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Belarus
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Belarus
Price for Electric Motors; of an Output Not Exceeding 37.5W in Belarus (CIF) - 2022
The average import price for electric motors stood at $3.8 per unit in March 2022, declining by -48.1% against the previous month. Over the period under review, the import price saw a precipitous slump. As a result, import price reached the peak level of $7.3 per unit, and then contracted sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Russia ($49.1 per unit), while the price for China amounted to $1.0 per unit.
From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by Russia (+42.7%).
Price for Electric Motors; of an Output Not Exceeding 37.5W in Belarus (FOB) - 2022
The average export price for electric motors stood at $2.1 per unit in March 2022, waning by -48.2% against the previous month. Over the period under review, the export price continues to indicate a dramatic descent. As a result, the export price attained the peak level of $4.1 per unit, and then declined remarkably in the following month.
As there is only one major export destination, the average price level is determined by prices for Russia.
From February 2022 to March 2022, the rate of growth in terms of prices for Russia amounted to -47.1% per month.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Belarus
In 2022, after three years of growth, there was significant decline in purchases abroad of electric motors, when their volume decreased by -78.4% to 489K units. In general, imports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of 2.3M units, and then fell markedly in the following year.
In value terms, imports of electric motors contracted rapidly to $3.7M in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $21M, and then fell dramatically in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 9.5 | 10.7 | 11.8 | 2.1 | -39.5% |
| China | 2.6 | 2.7 | 3.2 | 0.6 | -38.7% |
| Switzerland | 1.3 | 0.9 | 0.8 | 0.2 | -46.4% |
| Italy | 0.1 | 0.3 | 0.4 | 0.1 | 0.0% |
| Others | 5.3 | 3.7 | 4.2 | 0.8 | -46.8% |
| Total | 18.8 | 18.4 | 20.6 | 3.7 | -41.8% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Belarus in 2022:
- China (339.3K units)
- Russia (79.4K units)
- Switzerland (13.9K units)
- Italy (7.5K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Belarus
In 2022, the amount of electric motors exported from Belarus shrank dramatically to 3.1K units, falling by -97.2% compared with the previous year's figure. In general, exports showed a dramatic setback. The smallest decline of -11.7% was in 2021. Over the period under review, the exports of reached the maximum at 162K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors dropped markedly to $111K in 2022. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $2.7M, and then contracted markedly in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,320 | 1,736 | 2,262 | 94.9 | -65.5% |
| Ukraine | 76.7 | 111 | 216 | 9.1 | -50.9% |
| Lithuania | 10.4 | 16.7 | 59.2 | 2.5 | -37.8% |
| Others | 91.1 | 200 | 113 | 4.1 | -64.4% |
| Total | 2,498 | 2,063 | 2,651 | 111 | -64.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Belarus in 2022:
- Russia (2328.0 units)
- Ukraine (522.0 units)
- Lithuania (251.0 units)
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