Price for Electric Motors; of an Output Not Exceeding 37.5W in France - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in France (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in France (CIF) - 2023
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in France
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in France
Price for Electric Motors; of an Output Not Exceeding 37.5W in France (FOB) - 2022
The average export price for electric motors stood at $28 per unit in 2022, growing by 69% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($67 per unit), while the average price for exports to the Czech Republic ($11 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 Spain (+16.0%), 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 France (CIF) - 2023
In December 2023, the average import price for electric motors amounted to $9.5 per unit, surging by 42% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The import price peaked at $10.4 per unit in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($40.0 per unit), while the price for Indonesia ($760 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 the Czech Republic (+4.5%), 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 France
In 2022, exports of electric motors from France skyrocketed to 25M units, growing by 34% compared with the previous year. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +70.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors skyrocketed to $700M in 2022. In general, exports enjoyed a significant increase. 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.1 | 10.3 | 58.3 | 302 | 184.6% |
| Slovakia | 10.4 | 16.8 | 34.2 | 170 | 153.8% |
| Germany | 47.8 | 31.3 | 42.0 | 36.8 | -8.3% |
| Romania | 22.1 | 25.1 | 33.5 | 29.2 | 9.7% |
| Czech Republic | 16.5 | 14.1 | 23.2 | 26.8 | 17.5% |
| United States | 29.3 | 15.1 | 24.8 | 24.1 | -6.3% |
| Portugal | 2.7 | 6.1 | 15.8 | 18.6 | 90.3% |
| Others | 81.1 | 77.9 | 77.5 | 92.4 | 4.4% |
| Total | 223 | 197 | 309 | 700 | 46.4% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from France in 2022:
- Spain (9.4M units)
- Germany (2.9M units)
- Czech Republic (2.5M units)
- Slovakia (2.5M units)
- Romania (1.8M units)
- Portugal (1.4M units)
- United States (1.3M units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in France
In 2022, the amount of electric motors imported into France rose notably to 49M units, increasing by 5.4% compared with 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of electric motors expanded significantly to $361M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 58.6 | 62.2 | 68.8 | 67.8 | 5.0% |
| China | 30.5 | 30.8 | 42.1 | 65.2 | 28.8% |
| Thailand | 34.2 | 28.5 | 40.1 | 31.6 | -2.6% |
| Switzerland | 48.5 | 30.4 | 33.8 | 30.3 | -14.5% |
| Morocco | 14.6 | 16.5 | 16.1 | 24.7 | 19.2% |
| Czech Republic | 8.5 | 22.7 | 19.5 | 20.1 | 33.2% |
| Italy | 14.1 | 12.2 | 17.6 | 16.6 | 5.6% |
| Netherlands | 4.1 | 3.9 | 4.7 | 9.0 | 30.0% |
| Poland | 1.6 | 1.7 | 5.3 | 8.7 | 75.8% |
| Slovakia | 6.7 | 7.0 | 9.4 | 8.6 | 8.7% |
| Austria | 10.3 | 5.9 | 6.0 | 5.2 | -20.4% |
| Ireland | 2.8 | 2.5 | 2.1 | 2.2 | -7.7% |
| South Korea | 3.7 | 2.0 | 2.6 | 1.1 | -33.3% |
| Others | 83.1 | 59.4 | 65.9 | 69.9 | -5.6% |
| Total | 321 | 286 | 334 | 361 | 4.0% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to France in 2022:
- China (20.5M units)
- Thailand (8.2M units)
- Germany (8.1M units)
- Morocco (1.6M units)
- Austria (1.4M units)
- Italy (1.1M units)
- Poland (1.1M units)
- Netherlands (0.9M units)
- Czech Republic (0.8M units)
- Slovakia (0.8M units)
- Ireland (0.6M units)
- Switzerland (0.6M units)
- South Korea (0.3M units)
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