Price for Electric Motors; of an Output Not Exceeding 37.5W in Greece - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Greece (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Greece (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Greece
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Greece
Price for Electric Motors; of an Output Not Exceeding 37.5W in Greece (CIF) - 2022
The average import price for electric motors stood at $4.5 per unit in 2022, rising by 14% against the previous year. Overall, the import price, however, saw a slight decline. Over the period under review, average import prices attained the maximum at $5.4 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($7.5 per unit), while the price for Taiwan (Chinese) ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Greece (FOB) - 2022
In 2022, the average export price for electric motors amounted to $79 per unit, dropping by -25.6% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 an increase of 56% against the previous year. The export price peaked at $107 per unit in 2021, and then shrank significantly in the following year.
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 the UK ($241 per unit), while the average price for exports to Malta ($16 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 (+18.4%), 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 Greece
In 2022, the amount of electric motors imported into Greece totaled 3M units, stabilizing at 2021. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 9.7%. Over the period under review, imports of hit record highs at 3.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors expanded sharply to $13M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 5.6 | 5.6 | 6.5 | -1.5% |
| Italy | 1.4 | 1.4 | 2.0 | 1.8 | 8.7% |
| Germany | 1.6 | 1.6 | 2.5 | 1.7 | 2.0% |
| Hungary | N/A | N/A | N/A | 0.7 | 0% |
| Belgium | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.0 | 1.2 | 1.4 | 2.4 | 33.9% |
| Total | 10.8 | 9.9 | 11.7 | 13.4 | 7.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Greece in 2022:
- Italy (1080.0K units)
- China (874.5K units)
- Germany (438.9K units)
- Hungary (153.0K units)
- Taiwan (Chinese) (82.8K units)
- Belgium (70.7K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Greece
In 2022, exports of electric motors from Greece soared to 36K units, rising by 22% on the year before. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +51.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of electric motors contracted to $2.8M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. The exports peaked at $3.1M in 2021, and then shrank in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 1,232 | 1,076 | 1,486 | 640 | -19.6% |
| Bulgaria | 56.2 | 204 | 148 | 358 | 85.4% |
| Malta | 30.2 | 68.2 | 109 | 156 | 72.9% |
| Italy | 91.2 | 264 | 95.5 | 143 | 16.2% |
| United Kingdom | 94.9 | 73.4 | 10.8 | 105 | 3.4% |
| Netherlands | 13.6 | 34.0 | 26.0 | 96.5 | 92.2% |
| Germany | 49.7 | 67.4 | 140 | 89.7 | 21.8% |
| Poland | N/A | N/A | 0.4 | 61.5 | 15275.0% |
| Others | 644 | 976 | 1,104 | 1,191 | 22.7% |
| Total | 2,213 | 2,763 | 3,118 | 2,840 | 8.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Greece in 2022:
- Malta (9.9K units)
- Cyprus (8.0K units)
- Italy (4.8K units)
- Bulgaria (2.4K units)
- Poland (2.1K units)
- Germany (1.8K units)
- Netherlands (1.1K units)
- United Kingdom (0.4K units)
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