Price for Electric Motors; of an Output Not Exceeding 37.5W in Singapore - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Singapore (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Singapore (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Singapore
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Singapore
Price for Electric Motors; of an Output Not Exceeding 37.5W in Singapore (CIF) - 2022
In 2022, the average import price for electric motors amounted to $2 per unit, waning by -24.4% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 173%. Over the period under review, average import prices hit record highs at $3 per unit in 2016; however, from 2017 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 ($10 per unit), while the price for Switzerland ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Singapore (FOB) - 2022
The average export price for electric motors stood at $4.1 per unit in 2022, shrinking by -39.4% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 an increase of 99% against the previous year. The export price peaked at $7.6 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($13 per unit), while the average price for exports to Mexico ($0.6 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 China (+21.5%), 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 Singapore
In 2022, the amount of electric motors imported into Singapore surged to 87M units, increasing by 30% against 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +64.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors reduced slightly to $177M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $180M, and then reduced in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.3 | 33.6 | 45.3 | 43.3 | 3.3% |
| Vietnam | 32.6 | 26.9 | 32.3 | 32.2 | -0.4% |
| Thailand | 9.8 | 6.3 | 10.7 | 16.9 | 19.9% |
| Japan | 7.3 | 7.4 | 10.9 | 11.5 | 16.4% |
| Germany | 13.2 | 10.9 | 12.3 | 11.0 | -5.9% |
| Malaysia | 2.7 | 3.1 | 2.2 | 9.2 | 50.5% |
| Switzerland | 5.1 | 7.8 | 8.8 | 8.7 | 19.5% |
| Others | 52.3 | 42.0 | 57.6 | 44.7 | -5.1% |
| Total | 162 | 138 | 180 | 177 | 3.0% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Singapore in 2022:
- Thailand (29.9M units)
- Switzerland (18.1M units)
- Malaysia (16.9M units)
- Japan (5.5M units)
- China (4.3M units)
- Germany (3.6M units)
- Vietnam (3.2M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Singapore
In 2022, shipments abroad of electric motors was finally on the rise to reach 39M units for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 declined to $160M in 2022. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 2% against the previous year. The exports peaked at $205M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 146 | 107 | 86.5 | 37.2 | -36.6% |
| Australia | 1.4 | 1.8 | 9.4 | 26.5 | 166.5% |
| China | 3.3 | 3.1 | 4.2 | 21.1 | 85.6% |
| Indonesia | 16.0 | 17.0 | 25.8 | 21.0 | 9.5% |
| United States | 4.1 | 5.4 | 11.2 | 8.6 | 28.0% |
| Mexico | 0.1 | 0.2 | 0.1 | 6.6 | 304.1% |
| Japan | 5.7 | 4.5 | 4.9 | 5.0 | -4.3% |
| Philippines | 5.7 | 16.2 | 9.0 | 2.6 | -23.0% |
| Germany | 2.4 | 1.8 | 2.4 | 1.4 | -16.4% |
| Hong Kong SAR | 1.8 | 0.9 | 1.0 | 0.9 | -20.6% |
| Others | 18.1 | 18.4 | 25.1 | 29.0 | 17.0% |
| Total | 205 | 176 | 179 | 160 | -7.9% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Singapore in 2022:
- Mexico (10.5M units)
- Australia (8.3M units)
- China (6.6M units)
- Malaysia (3.0M units)
- United States (2.7M units)
- Philippines (1.7M units)
- Indonesia (1.7M units)
- Japan (0.9M units)
- Germany (0.4M units)
- Hong Kong SAR (0.3M units)
468
This report provides an in-depth analysis of the dc motor market in Singapore.
388
This report provides an in-depth analysis of the ac/dc motor market in Singapore.
1053
This report provides an in-depth analysis of the global dc motor market.
1373
This report provides an in-depth analysis of the global ac/dc motor market.
468
This report provides an in-depth analysis of the dc motor market in Singapore.
388
This report provides an in-depth analysis of the ac/dc motor market in Singapore.
1053
This report provides an in-depth analysis of the global dc motor market.
1373
This report provides an in-depth analysis of the global ac/dc motor market.
82
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1275
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
82
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1275
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
