Price for Winches and Capstans; Powered by an Electric Motor in China - 2023
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in China (FOB) - 2023
- Price for Winches and Capstans; Powered by an Electric Motor in China (CIF) - 2022
- Exports of Winches and Capstans; Powered by an Electric Motor in China
- Imports of Winches and Capstans; Powered by an Electric Motor in China
Price for Winches and Capstans; Powered by an Electric Motor in China (FOB) - 2023
In December 2023, the average export price for winches and capstans; powered by an electric motors amounted to $254 per unit, increasing by 16% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 52% m-o-m. As a result, the export price attained the peak level of $296 per unit. From August 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was South Korea ($1,781 per unit), while the average price for exports to Belgium ($101 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in China (CIF) - 2022
The average import price for winches and capstans; powered by an electric motors stood at $8,714 per unit in 2022, declining by -11.8% against the previous year. Over the period under review, the import price recorded a mild decrease. The growth pace was the most rapid in 2019 an increase of 20%. Over the period under review, average import prices reached the peak figure at $12,238 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($26,086 per unit), while the price for Taiwan (Chinese) ($1,664 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winches and Capstans; Powered by an Electric Motor in China
In 2022, shipments abroad of winches and capstans; powered by an electric motors decreased by -16% to 2.4M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% over the period 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 when exports increased by 22% against the previous year. As a result, the exports attained the peak of 2.8M units, and then fell markedly in the following year.
In value terms, exports of winches and capstans; powered by an electric motors rose remarkably to $561M in 2022. The total export value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Winches and Capstans; Powered by an Electric Motor in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 113 | 150 | 174 | 177 | 16.1% |
| Vietnam | 31.1 | 23.7 | 21.8 | 31.1 | 0.0% |
| Taiwan (Chinese) | 18.3 | 20.3 | 27.7 | 28.9 | 16.5% |
| Australia | 13.8 | 17.1 | 22.4 | 22.5 | 17.7% |
| Russia | 8.9 | 13.5 | 17.5 | 21.0 | 33.1% |
| Canada | 10.2 | 12.8 | 16.1 | 15.5 | 15.0% |
| Poland | 5.7 | 8.3 | 11.7 | 6.3 | 3.4% |
| Italy | 3.4 | 4.3 | 5.6 | 5.3 | 15.9% |
| United Kingdom | 7.3 | 7.5 | 8.8 | 4.9 | -12.4% |
| Others | 214 | 179 | 226 | 249 | 5.2% |
| Total | 426 | 436 | 531 | 561 | 9.6% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from China in 2022:
- United States (1388.8K units)
- Canada (131.5K units)
- Australia (110.5K units)
- Russia (63.2K units)
- Taiwan (Chinese) (58.4K units)
- Vietnam (47.5K units)
- Poland (46.0K units)
- Italy (44.3K units)
- United Kingdom (26.6K units)
Imports of Winches and Capstans; Powered by an Electric Motor in China
For the third year in a row, China recorded decline in overseas purchases of winches and capstans; powered by an electric motors, which decreased by -4.7% to 12K units in 2022. In general, imports saw a abrupt slump. Over the period under review, imports of hit record highs at 14K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of winches and capstans; powered by an electric motors dropped remarkably to $104M in 2022. Overall, imports faced a deep slump. The growth pace was the most rapid in 2021 when imports increased by 8.1% against the previous year. Over the period under review, imports of hit record highs at $144M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Winches and Capstans; Powered by an Electric Motor in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.0 | 32.4 | 40.8 | 39.5 | -6.3% |
| Germany | 37.4 | 29.5 | 37.3 | 29.5 | -7.6% |
| South Korea | 6.5 | 7.6 | 10.6 | 6.3 | -1.0% |
| Serbia | 2.6 | 14.0 | 1.5 | 6.1 | 32.9% |
| Italy | 16.3 | 3.8 | 3.7 | 4.4 | -35.4% |
| France | 4.6 | 5.6 | 9.0 | 4.4 | -1.5% |
| United States | 1.5 | 1.7 | 1.0 | 3.4 | 31.4% |
| United Kingdom | 0.2 | 4.9 | 0.8 | 1.0 | 71.0% |
| Taiwan (Chinese) | 1.0 | 0.5 | 0.5 | 0.9 | -3.5% |
| Belgium | 0.7 | 0.5 | N/A | 0.1 | -47.7% |
| Others | 25.2 | 13.4 | 18.0 | 8.0 | -31.8% |
| Total | 144 | 114 | 123 | 104 | -10.3% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to China in 2022:
- Japan (6.1K units)
- Germany (2.6K units)
- Serbia (0.6K units)
- Taiwan (Chinese) (0.5K units)
- United States (0.4K units)
- Italy (0.4K units)
- South Korea (0.4K units)
- United Kingdom (0.2K units)
- France (0.1K units)
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