Price for Electric Motors; of an Output Not Exceeding 37.5W in Poland - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Poland (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Poland (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Poland
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Poland
Price for Electric Motors; of an Output Not Exceeding 37.5W in Poland (CIF) - 2023
The average import price for electric motors stood at $3.8 per unit in December 2023, reducing by -16.6% against the previous month. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 57% m-o-m. The import price peaked at $6.0 per unit in March 2023; however, from April 2023 to December 2023, import prices stood 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 Switzerland ($28.8 per unit), while the price for Vietnam ($1.2 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 Romania (+9.4%), 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 Poland (FOB) - 2022
In 2022, the average export price for electric motors amounted to $4.5 per unit, which is down by -34.1% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 13%. As a result, the export price reached the peak level of $6.8 per unit, and then fell remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8.3 per unit), while the average price for exports to Portugal ($1.8 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 the UK (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Poland
In 2022, approx. 54M units of electric motors were imported into Poland; with an increase of 12% against the year before. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors fell to $248M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.5%. As a result, imports reached the peak of $266M, and then shrank in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.6 | 46.2 | 62.1 | 68.8 | 12.3% |
| Germany | 26.0 | 52.6 | 48.3 | 42.0 | 17.3% |
| Italy | 65.0 | 67.7 | 47.4 | 25.7 | -26.6% |
| South Korea | 20.3 | 8.7 | 14.8 | 12.7 | -14.5% |
| Vietnam | 7.0 | 4.5 | 9.4 | 9.9 | 12.2% |
| Indonesia | 5.0 | 6.5 | 2.8 | 5.5 | 3.2% |
| Austria | 1.5 | 2.5 | 4.8 | 5.5 | 54.2% |
| Romania | 2.5 | 1.0 | 3.9 | 4.8 | 24.3% |
| Others | 78.2 | 57.7 | 72.3 | 73.3 | -2.1% |
| Total | 254 | 247 | 266 | 248 | -0.8% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Poland in 2022:
- China (22.3M units)
- Germany (12.1M units)
- Italy (4.3M units)
- Vietnam (4.3M units)
- Austria (2.5M units)
- South Korea (1.9M units)
- Romania (1.4M units)
- Indonesia (1.2M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Poland
In 2022, approx. 16M units of electric motors were exported from Poland; increasing by 89% on the year before. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors surged to $72M in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 48% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.3 | 4.8 | 8.8 | 9.3 | 20.6% |
| France | 1.6 | 0.9 | 5.0 | 7.3 | 65.9% |
| Czech Republic | 0.9 | 0.8 | 2.1 | 7.1 | 99.1% |
| Germany | 9.0 | 8.4 | 7.5 | 6.9 | -8.5% |
| United States | 2.4 | 2.7 | 4.1 | 5.2 | 29.4% |
| United Kingdom | 1.0 | 0.6 | 1.9 | 3.2 | 47.4% |
| Portugal | 0.6 | 1.1 | 1.8 | 2.7 | 65.1% |
| Netherlands | 1.1 | 1.4 | 1.8 | 2.6 | 33.2% |
| Slovenia | 0.1 | 0.1 | 0.9 | 2.1 | 175.9% |
| China | 1.1 | 0.8 | 0.6 | 1.7 | 15.6% |
| Slovakia | 1.9 | 1.1 | 1.3 | 1.5 | -7.6% |
| Russia | 2.4 | 2.1 | 2.0 | 1.5 | -14.5% |
| Turkey | 0.8 | 1.0 | 1.2 | 1.2 | 14.5% |
| Others | 13.0 | 13.0 | 18.6 | 19.7 | 14.9% |
| Total | 41.4 | 38.9 | 57.6 | 71.9 | 20.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Poland in 2022:
- Italy (3.6M units)
- Czech Republic (2.2M units)
- France (1.6M units)
- Portugal (1.5M units)
- Germany (1.2M units)
- Netherlands (0.8M units)
- Slovenia (0.8M units)
- United States (0.6M units)
- United Kingdom (0.6M units)
- Slovakia (0.6M units)
- Turkey (0.4M units)
- Russia (0.4M units)
- China (0.3M units)
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