China: Dc Motor Market 2024

Dc Motor Market Size in China

The Chinese DC motor market expanded notably to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption peaked in 2023 and is expected to retain growth in the near future.

Dc Motor Production in China

In value terms, DC motor production totaled $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Dc Motor Exports

Exports from China

DC motor exports from China dropped modestly to X units in 2023, declining by X% compared with the year before. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, DC motor exports contracted to $X in 2023. Over the period under review, total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then fell in the following year.

Exports by Country

Hong Kong SAR (X units), the Netherlands (X units) and India (X units) were the main destinations of DC motor exports from China, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) constituted the largest markets for DC motor exported from China worldwide, with a combined X% share of total exports. South Korea, Mexico, Hong Kong SAR, Thailand, Vietnam, the Netherlands, India, Malaysia, Turkey and Austria lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average DC motor export price stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into China

In 2023, supplies from abroad of DC motors decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, DC motor imports declined to $X in 2023. Over the period under review, total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Thailand (X units) constituted the largest DC motor supplier to China, accounting for a X% share of total imports. Moreover, DC motor imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Switzerland (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Switzerland (X% per year).

In value terms, Japan ($X), Germany ($X) and Vietnam ($X) appeared to be the largest DC motor suppliers to China, together accounting for X% of total imports. Thailand, Switzerland, South Korea, Taiwan (Chinese), the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average DC motor import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform