Price for Electric Motors; of an Output Not Exceeding 37.5W in the UK - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the UK (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the UK (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in the UK
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in the UK
Price for Electric Motors; of an Output Not Exceeding 37.5W in the UK (CIF) - 2022
In 2022, the average import price for electric motors amounted to $16 per unit, picking up by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($72 per unit), while the price for Thailand ($4.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.0%), 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 the UK (FOB) - 2022
The average export price for electric motors stood at $35 per unit in 2022, picking up by 7.1% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 an increase of 19%. The export price peaked at $42 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($102 per unit), while the average price for exports to Germany ($12 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 Sweden (+22.2%), 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 the UK
In 2022, approx. 20M units of electric motors were imported into the UK; declining by -18.2% against the year before. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked at 25M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors rose significantly to $313M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 56.5 | 45.0 | 40.8 | 73.3 | 9.1% |
| China | 41.6 | 38.0 | 59.5 | 69.8 | 18.8% |
| United States | 32.6 | 25.6 | 33.3 | 50.4 | 15.6% |
| Switzerland | 28.6 | 20.6 | 40.2 | 36.8 | 8.8% |
| France | 9.2 | 7.2 | 8.1 | 8.9 | -1.1% |
| Japan | 4.4 | 5.5 | 5.5 | 7.8 | 21.0% |
| Ireland | 12.9 | 11.3 | 10.3 | 5.7 | -23.8% |
| Slovakia | 11.3 | 6.0 | 3.7 | 5.4 | -21.8% |
| Hungary | 6.1 | 2.5 | 2.5 | 4.6 | -9.0% |
| Thailand | 0.7 | 0.6 | 0.9 | 4.3 | 83.1% |
| Czech Republic | 3.3 | 2.3 | 2.9 | 4.0 | 6.6% |
| South Korea | 5.0 | 3.4 | 4.2 | 3.2 | -13.8% |
| Hong Kong SAR | 6.4 | 4.2 | 5.7 | 3.0 | -22.3% |
| Others | 70.6 | 56.7 | 58.1 | 35.8 | -20.3% |
| Total | 289 | 229 | 276 | 313 | 2.7% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to the UK in 2022:
- China (7.6M units)
- Switzerland (2.3M units)
- Germany (2.1M units)
- Thailand (0.9M units)
- United States (0.7M units)
- Slovakia (0.7M units)
- South Korea (0.7M units)
- Hungary (0.6M units)
- Japan (0.6M units)
- France (0.5M units)
- Ireland (0.5M units)
- Czech Republic (0.4M units)
- Hong Kong SAR (0.4M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in the UK
After two years of decline, overseas shipments of electric motors increased by 6.3% to 3.5M units in 2022. In general, exports, however, faced a deep contraction. The exports peaked at 5.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors rose sharply to $124M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.3 | 21.2 | 18.8 | 17.7 | -4.5% |
| Germany | 11.8 | 8.1 | 13.3 | 17.2 | 13.4% |
| Netherlands | 6.3 | 2.6 | 6.1 | 16.9 | 38.9% |
| Italy | 12.4 | 6.9 | 10.5 | 12.5 | 0.3% |
| Ireland | 5.6 | 5.7 | 5.3 | 5.4 | -1.2% |
| France | 3.2 | 2.3 | 4.9 | 5.0 | 16.0% |
| India | 3.7 | 3.4 | 4.6 | 3.4 | -2.8% |
| China | 3.6 | 3.2 | 2.2 | 2.8 | -8.0% |
| Denmark | 2.1 | 1.1 | 1.9 | 1.7 | -6.8% |
| Poland | 7.1 | 5.0 | 2.1 | 1.5 | -40.4% |
| Hungary | 2.8 | 0.4 | 9.1 | 1.1 | -26.8% |
| Greece | 5.8 | 2.8 | 0.1 | 0.2 | -67.5% |
| Others | 37.8 | 33.4 | 30.3 | 38.8 | 0.9% |
| Total | 123 | 96.1 | 109 | 124 | 0.3% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from the UK in 2022:
- Germany (1478.2K units)
- United States (461.5K units)
- Italy (451.5K units)
- Netherlands (342.8K units)
- France (123.3K units)
- Ireland (91.1K units)
- China (75.9K units)
- India (70.2K units)
- Poland (40.2K units)
- Denmark (29.1K units)
- Hungary (20.5K units)
- Greece (0.7K units)
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