Price for Electric Motors; of an Output Not Exceeding 37.5W in Indonesia - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Indonesia (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Indonesia (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Indonesia (FOB) - 2022
The average export price for electric motors stood at $8.7 per unit in 2022, picking up by 57% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price reached 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 Malaysia ($45 per unit), while the average price for exports to Hong Kong SAR ($2.2 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 Malaysia (+24.9%), 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 Indonesia (CIF) - 2022
The average import price for electric motors stood at $1.9 per unit in 2022, waning by -14.1% against the previous year. Overall, the import price saw a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 8.9% against the previous year. Over the period under review, average import prices attained the maximum at $3.9 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($2.6 per unit), while the price for the United States ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.2%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia
In 2022, after three years of growth, there was significant decline in overseas shipments of electric motors, when their volume decreased by -38.2% to 22M units. Overall, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 36M units, and then fell rapidly in the following year.
In value terms, exports of electric motors contracted slightly to $191M in 2022. The total export value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $198M, and then dropped in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 38.1 | 36.0 | 54.7 | 54.0 | 12.3% |
| Japan | 36.7 | 31.7 | 40.1 | 37.6 | 0.8% |
| United States | 20.2 | 22.3 | 34.1 | 31.1 | 15.5% |
| China | 11.6 | 12.4 | 15.1 | 14.4 | 7.5% |
| India | 5.6 | 5.0 | 6.8 | 6.4 | 4.6% |
| Brazil | 6.7 | 3.7 | 4.9 | 5.7 | -5.2% |
| Czech Republic | 8.3 | 8.7 | 10.9 | 5.7 | -11.8% |
| Poland | 4.8 | 6.0 | 2.8 | 5.4 | 4.0% |
| Mexico | 3.8 | 3.2 | 3.7 | 4.1 | 2.6% |
| Canada | 3.0 | 2.6 | 0.2 | 2.8 | -2.3% |
| Singapore | 0.2 | 0.2 | 0.3 | 1.0 | 71.0% |
| Hong Kong SAR | 0.9 | 0.8 | 1.4 | 0.9 | 0.0% |
| Others | 21.2 | 20.8 | 22.8 | 22.4 | 1.9% |
| Total | 161 | 153 | 198 | 191 | 5.9% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Indonesia in 2022:
- Thailand (7.6M units)
- China (4.8M units)
- United States (2.1M units)
- Japan (1.4M units)
- Czech Republic (1.1M units)
- India (0.9M units)
- Brazil (0.7M units)
- Mexico (0.7M units)
- Poland (0.6M units)
- Canada (0.5M units)
- Hong Kong SAR (0.4M units)
- Singapore (0.3M units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia
In 2022, approx. 60M units of electric motors were imported into Indonesia; increasing by 13% against the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors fell to $111M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $115M, and then declined modestly in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.4 | 32.9 | 46.1 | 35.3 | -0.1% |
| Vietnam | 16.5 | 12.6 | 14.7 | 17.4 | 1.8% |
| Singapore | 19.5 | 11.6 | 12.0 | 10.4 | -18.9% |
| Thailand | 2.4 | 2.0 | 3.5 | 7.2 | 44.2% |
| Japan | 12.4 | 7.7 | 14.4 | 6.7 | -18.6% |
| India | 0.3 | 0.2 | 0.6 | 6.2 | 174.4% |
| Malaysia | 6.0 | 5.5 | 4.3 | 4.4 | -9.8% |
| United States | 1.4 | 1.3 | 0.9 | 1.5 | 2.3% |
| Others | 16.6 | 12.6 | 18.1 | 22.2 | 10.2% |
| Total | 110 | 86.5 | 115 | 111 | 0.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Indonesia in 2022:
- India (15.4M units)
- China (13.7M units)
- Vietnam (6.8M units)
- United States (6.3M units)
- Singapore (4.0M units)
- Thailand (2.8M units)
- Japan (2.6M units)
- Malaysia (1.7M units)
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