Price for Electric Motors; of an Output Not Exceeding 37.5W in Vietnam - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Vietnam (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Vietnam (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Vietnam
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Vietnam
Price for Electric Motors; of an Output Not Exceeding 37.5W in Vietnam (FOB) - 2022
In 2022, the average export price for electric motors amounted to $128 per unit, growing by 42% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric motors increased by +43.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($618 per unit), while the average price for exports to Singapore ($29 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 Malaysia (+14.2%), 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 Vietnam (CIF) - 2022
The average import price for electric motors stood at $1.6 per unit in 2022, declining by -3.8% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 a decrease of -0.2% against the previous year. The import price peaked at $2.8 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.0% per year.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of electric motors, when their volume decreased by -14.8% to 5.4M units. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of 6.3M units, and then dropped in the following year.
In value terms, exports of electric motors surged to $687M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.8 | 69.0 | 103 | 189 | 30.1% |
| Japan | 75.3 | 56.4 | 66.0 | 71.1 | -1.9% |
| United States | 49.8 | 48.6 | 69.1 | 56.9 | 4.5% |
| Hong Kong SAR | 58.7 | 36.0 | 40.8 | 37.6 | -13.8% |
| Singapore | 26.5 | 21.8 | 28.2 | 29.8 | 4.0% |
| India | 14.3 | 14.6 | 16.4 | 23.3 | 17.7% |
| Brazil | 7.1 | 5.7 | 8.9 | 8.7 | 7.0% |
| Malaysia | 3.9 | 1.8 | 7.4 | 5.2 | 10.1% |
| Others | 221 | 212 | 229 | 265 | 6.2% |
| Total | 542 | 466 | 569 | 687 | 8.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Vietnam in 2022:
- United States (1757.3K units)
- Singapore (1038.4K units)
- Hong Kong SAR (662.4K units)
- India (522.9K units)
- China (471.7K units)
- Brazil (172.6K units)
- Japan (115.0K units)
- Malaysia (96.3K units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas purchases of electric motors, which increased by 51% to 205M units in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 58%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of electric motors skyrocketed to $318M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 96.9 | 148 | 150 | 218 | 31.0% |
| Others | 50.4 | 68.5 | 68.8 | 100 | 25.7% |
| Total | 147 | 216 | 218 | 318 | 29.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Vietnam in 2022:
- China (200.1M units)
772
This report provides an in-depth analysis of the dc motor market in Vietnam.
392
This report provides an in-depth analysis of the ac/dc motor market in Vietnam.
1045
This report provides an in-depth analysis of the global dc motor market.
1369
This report provides an in-depth analysis of the global ac/dc motor market.
772
This report provides an in-depth analysis of the dc motor market in Vietnam.
392
This report provides an in-depth analysis of the ac/dc motor market in Vietnam.
1045
This report provides an in-depth analysis of the global dc motor market.
1369
This report provides an in-depth analysis of the global ac/dc motor market.
34
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
804
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...
1200
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
1270
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
34
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
804
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...
1200
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
1270
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
