Price for Electric Motors; of an Output Not Exceeding 37.5W in Belgium - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Belgium (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Belgium (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Belgium
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Belgium
Price for Electric Motors; of an Output Not Exceeding 37.5W in Belgium (CIF) - 2022
In 2022, the average import price for electric motors amounted to $19 per unit, rising by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 the Netherlands ($84 per unit), while the price for Slovakia ($7.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), 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 Belgium (FOB) - 2022
In 2022, the average export price for electric motors amounted to $34 per unit, picking up by 12% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 decreased by -8.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 49%. As a result, the export price attained the peak level of $37 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($45 per unit), while the average price for exports to Portugal ($6.5 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 Italy (+4.3%), 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 Belgium
After three years of growth, supplies from abroad of electric motors decreased by -30.3% to 3M units in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 4.3M units, and then shrank dramatically in the following year.
In value terms, imports of electric motors fell to $58M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of $68M, and then declined in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.2 | 12.4 | 19.1 | 16.5 | 5.1% |
| China | 2.3 | 8.4 | 10.8 | 9.5 | 60.4% |
| Netherlands | 4.4 | 5.0 | 7.2 | 6.2 | 12.1% |
| France | 4.0 | 4.6 | 5.3 | 5.1 | 8.4% |
| Switzerland | 2.1 | 1.6 | 2.4 | 2.2 | 1.6% |
| Slovakia | 5.8 | 4.1 | 2.7 | 1.7 | -33.6% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.8 | 1.1 | 22.4% |
| Poland | 1.8 | 1.7 | 1.9 | 1.1 | -15.1% |
| Czech Republic | 1.3 | 0.5 | 0.5 | 0.5 | -27.3% |
| Others | 10.5 | 11.3 | 17.1 | 14.4 | 11.1% |
| Total | 47.1 | 50.3 | 67.8 | 58.2 | 7.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Belgium in 2022:
- China (1097.9K units)
- France (618.6K units)
- Germany (449.7K units)
- Slovakia (228.9K units)
- Taiwan (Chinese) (96.7K units)
- Poland (94.4K units)
- Netherlands (73.5K units)
- Czech Republic (67.1K units)
- Switzerland (66.6K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Belgium
In 2022, shipments abroad of electric motors decreased by -11.5% to 1.1M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 172%. The exports peaked at 1.2M units in 2021, and then contracted in the following year.
In value terms, exports of electric motors fell modestly to $37M in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 118% against the previous year. Over the period under review, the exports of hit record highs at $38M in 2021, and then reduced slightly in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 5.7 | 6.3 | 5.7 | 44.2% |
| France | 1.5 | 3.9 | 6.1 | 5.6 | 55.1% |
| Netherlands | 1.4 | 2.1 | 3.1 | 4.8 | 50.8% |
| Brazil | 0.1 | 1.2 | 2.1 | 1.7 | 157.1% |
| Spain | 0.6 | 0.7 | 1.5 | 1.7 | 41.5% |
| Italy | 0.5 | 0.9 | 1.4 | 1.5 | 44.2% |
| Austria | 0.3 | 1.1 | 1.4 | 1.4 | 67.1% |
| Poland | 0.3 | 0.7 | 1.1 | 1.3 | 63.0% |
| Sweden | 0.3 | 0.8 | 1.1 | 0.9 | 44.2% |
| Romania | 0.3 | 0.2 | 0.5 | 0.6 | 26.0% |
| Portugal | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Czech Republic | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| Hungary | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 6.3 | 12.1 | 12.3 | 11.1 | 20.8% |
| Total | 13.8 | 30.0 | 37.6 | 37.1 | 39.0% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Belgium in 2022:
- France (205.5K units)
- Germany (195.4K units)
- Netherlands (104.7K units)
- Austria (80.7K units)
- Spain (60.6K units)
- Poland (54.8K units)
- Portugal (54.0K units)
- Brazil (52.1K units)
- Sweden (46.7K units)
- Italy (43.4K units)
- Hungary (31.8K units)
- Romania (22.5K units)
- Czech Republic (21.0K units)
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