Price for Electric Motors; of an Output Not Exceeding 37.5W in Switzerland - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Switzerland (FOB) - 2024
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Switzerland (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland
Price for Electric Motors; of an Output Not Exceeding 37.5W in Switzerland (FOB) - 2024
In January 2024, the average export price for electric motors amounted to $10.8 per unit, waning by -5.2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 7.1% against the previous month. The export price peaked at $11.7 per unit in March 2023; however, from April 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the UK ($31.8 per unit), while the average price for exports to Brazil ($1.4 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.4%), 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 Switzerland (CIF) - 2022
In 2022, the average import price for electric motors amounted to $4.5 per unit, dropping by -9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $5.1 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($25 per unit), while the price for China ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland
In 2022, exports of electric motors from Switzerland fell to 99M units, reducing by -7.4% on the previous year. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 8.9%. As a result, the exports reached the peak of 107M units, and then shrank in the following year.
In value terms, exports of electric motors declined slightly to $1.4B in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $1.4B, leveling off in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 334 | 324 | 371 | 354 | 2.0% |
| United States | 211 | 201 | 226 | 272 | 8.8% |
| China | 85.4 | 102 | 128 | 96.4 | 4.1% |
| Czech Republic | 55.0 | 62.2 | 74.2 | 80.3 | 13.4% |
| Austria | 54.8 | 60.4 | 78.1 | 71.1 | 9.1% |
| United Kingdom | 60.6 | 49.3 | 61.0 | 54.9 | -3.2% |
| Italy | 40.1 | 34.0 | 45.8 | 46.8 | 5.3% |
| Portugal | 15.3 | 21.4 | 28.2 | 40.6 | 38.4% |
| Spain | 18.4 | 21.7 | 23.3 | 24.4 | 9.9% |
| South Korea | 20.8 | 18.7 | 18.2 | 13.4 | -13.6% |
| Turkey | 9.3 | 8.2 | 9.4 | 11.8 | 8.3% |
| Singapore | 6.9 | 9.3 | 8.7 | 7.8 | 4.2% |
| Brazil | 4.5 | 4.2 | 6.8 | 4.6 | 0.7% |
| Others | 244 | 240 | 290 | 289 | 5.8% |
| Total | 1,160 | 1,155 | 1,369 | 1,367 | 5.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Switzerland in 2022:
- Germany (22.3M units)
- United States (19.5M units)
- Czech Republic (13.2M units)
- China (10.7M units)
- Italy (5.6M units)
- Spain (3.9M units)
- Singapore (3.2M units)
- United Kingdom (3.1M units)
- Portugal (2.6M units)
- South Korea (1.8M units)
- Austria (1.7M units)
- Brazil (1.6M units)
- Turkey (1.6M units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland
In 2022, the amount of electric motors imported into Switzerland amounted to 46M units, growing by 10% on 2021 figures. The total import volume increased at an average annual rate of +7.6% over the period 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 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors amounted to $208M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.4 | 56.8 | 77.6 | 68.5 | 4.9% |
| China | 44.2 | 43.7 | 52.9 | 59.4 | 10.4% |
| Hungary | 22.1 | 30.1 | 25.5 | 25.1 | 4.3% |
| Italy | 5.4 | 5.4 | 6.5 | 5.7 | 1.8% |
| Others | 41.3 | 39.8 | 45.3 | 49.8 | 6.4% |
| Total | 172 | 176 | 208 | 208 | 6.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Switzerland in 2022:
- China (37.5M units)
- Germany (2.7M units)
- Hungary (1.2M units)
- Italy (0.5M units)
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