Price for Electric Motors; of an Output Not Exceeding 37.5W in Italy - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Italy (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Italy (FOB) - 2023
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Italy
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Italy
Price for Electric Motors; of an Output Not Exceeding 37.5W in Italy (CIF) - 2023
In December 2023, the average import price for electric motors amounted to $6.2 per unit, falling by -8.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 47% month-to-month. As a result, import price reached the peak level of $8.8 per unit. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Albania ($13.7 per unit), while the price for Thailand ($2.1 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 Switzerland (+5.8%), 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 Italy (FOB) - 2023
The average export price for electric motors stood at $7.8 per unit in December 2023, growing by 5% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 9.8% m-o-m. The export price peaked at $8.8 per unit in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($40.9 per unit), while the average price for exports to Morocco ($353 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.6%), 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 Italy
In 2022, approx. 45M units of electric motors were imported into Italy; which is down by -10.8% against the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of 51M units, and then dropped in the following year.
In value terms, imports of electric motors rose remarkably to $383M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +56.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.4 | 75.4 | 120 | 136 | 17.2% |
| Germany | 74.3 | 55.1 | 58.4 | 71.9 | -1.1% |
| Albania | 22.1 | 25.4 | 31.4 | 34.4 | 15.9% |
| Switzerland | 18.8 | 14.5 | 19.4 | 19.7 | 1.6% |
| Romania | 8.6 | 10.9 | 15.6 | 13.6 | 16.5% |
| Poland | 1.8 | 2.5 | 15.7 | 8.1 | 65.1% |
| Ireland | N/A | N/A | N/A | 2.4 | 0% |
| Vietnam | 4.7 | 5.3 | 2.3 | 2.2 | -22.4% |
| Others | 70.2 | 56.1 | 75.9 | 94.7 | 10.5% |
| Total | 285 | 245 | 339 | 383 | 10.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Italy in 2022:
- China (24.7M units)
- Switzerland (4.4M units)
- Germany (3.0M units)
- Albania (2.9M units)
- Romania (2.4M units)
- Poland (1.3M units)
- Ireland (0.9M units)
- Vietnam (0.5M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Italy
For the third year in a row, Italy recorded decline in shipments abroad of electric motors, which decreased by -4.2% to 41M units in 2022. In general, exports showed a abrupt decrease. The smallest decline of -3.1% was in 2021. The exports peaked at 48M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors reduced modestly to $330M in 2022. Over the period under review, exports showed a abrupt shrinkage. Over the period under review, the exports of reached the peak figure at $408M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 66.2 | 61.0 | 60.7 | 61.7 | -2.3% |
| Czech Republic | 56.1 | 44.5 | 49.7 | 51.9 | -2.6% |
| France | 38.2 | 30.8 | 20.7 | 22.4 | -16.3% |
| Poland | 66.1 | 52.8 | 20.5 | 19.1 | -33.9% |
| Spain | 27.3 | 20.3 | 15.6 | 16.6 | -15.3% |
| Slovakia | 12.3 | 15.5 | 16.8 | 14.5 | 5.6% |
| Brazil | 6.8 | 3.5 | 4.3 | 6.4 | -2.0% |
| Turkey | 4.8 | 5.3 | 5.0 | 6.3 | 9.5% |
| Denmark | 22.1 | 13.9 | 13.8 | 5.3 | -37.9% |
| Tunisia | 3.1 | 4.2 | 5.7 | 4.1 | 9.8% |
| Others | 105 | 100 | 120 | 121 | 4.8% |
| Total | 408 | 352 | 332 | 330 | -6.8% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Italy in 2022:
- Czech Republic (10.6M units)
- Germany (9.2M units)
- Poland (4.3M units)
- Spain (4.3M units)
- Slovakia (2.7M units)
- Brazil (1.4M units)
- Turkey (1.2M units)
- France (0.8M units)
- Tunisia (0.7M units)
- Denmark (0.5M units)
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