Price for Electric Motors; of an Output Not Exceeding 37.5W in Croatia - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Croatia (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Croatia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Croatia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Croatia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Croatia (CIF) - 2023
The average import price for electric motors stood at $64.1 per unit in December 2023, with an increase of 49% against the previous month. In general, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in October 2023 when the average import price increased by 127% m-o-m. Over the period under review, average import prices reached the maximum at $75.4 per unit in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Serbia ($46.5 per unit), while the price for China ($15.7 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Hungary (+10.7%), 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 Croatia (FOB) - 2022
The average export price for electric motors stood at $65 per unit in 2022, surging by 14% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 -10.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 62%. The export price peaked at $72 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($91 per unit), while the average price for exports to Italy ($27 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 Slovenia (+17.2%), 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 Croatia
In 2022, the amount of electric motors imported into Croatia dropped slightly to 196K units, shrinking by -3.3% compared with 2021. Over the period under review, imports saw a deep slump. Imports peaked at 381K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors fell to $7.6M in 2022. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $8.9M, and then declined in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 4.0 | 3.7 | 5.0 | 3.1 | -8.1% |
| Germany | 1.0 | 1.0 | 1.2 | 1.2 | 6.3% |
| Italy | 0.5 | 0.4 | 0.8 | 0.9 | 21.6% |
| Slovenia | 2.0 | 0.9 | 0.9 | 0.9 | -23.4% |
| China | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Hungary | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Czech Republic | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.6 | 0.8 | 0.6 | 0.9 | 14.5% |
| Total | 8.4 | 7.1 | 8.9 | 7.6 | -3.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Croatia in 2022:
- Slovenia (52.7K units)
- Austria (45.3K units)
- Italy (27.3K units)
- China (23.0K units)
- Germany (18.3K units)
- Hungary (15.0K units)
- Czech Republic (4.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Croatia
In 2022, exports of electric motors from Croatia soared to 26K units, picking up by 37% compared with the previous year. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of electric motors soared to $1.7M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 181 | 329 | 310 | 776 | 62.5% |
| Serbia | 94.9 | 92.8 | 160 | 183 | 24.5% |
| Bosnia and Herzegovina | 119 | 147 | 119 | 161 | 10.6% |
| Slovenia | 60.7 | 81.2 | 97.4 | 154 | 36.4% |
| Italy | 41.5 | 6.5 | 83.5 | 87.1 | 28.0% |
| Kazakhstan | N/A | 142 | 117 | 68.3 | -30.6% |
| Germany | 17.2 | 15.3 | 9.0 | 52.5 | 45.1% |
| Switzerland | 11.6 | 24.2 | 15.0 | 50.7 | 63.5% |
| Austria | 14.5 | 9.5 | 86.8 | 9.8 | -12.2% |
| Others | 106 | 137 | 95.4 | 163 | 15.4% |
| Total | 647 | 985 | 1,094 | 1,705 | 38.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Croatia in 2022:
- Norway (10.5K units)
- Bosnia and Herzegovina (4.5K units)
- Italy (3.2K units)
- Serbia (2.3K units)
- Slovenia (1.8K units)
- Switzerland (0.7K units)
- Germany (0.6K units)
- Kazakhstan (0.4K units)
- Austria (0.2K units)
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