Price for Electric Motors; AC Motors, Single-Phase in Greece - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Greece (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Greece (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Greece
- Exports of Electric Motors; AC Motors, Single-Phase in Greece
Price for Electric Motors; AC Motors, Single-Phase in Greece (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $12.8 per unit, dropping by -14.4% against the previous month. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 79% month-to-month. The import price peaked at $24.9 per unit in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($136 per unit), while the price for Germany ($8.4 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Greece (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $76 per unit in 2022, increasing by 16% against the previous year. Over the period under review, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,090% against the previous year. As a result, the export price attained the peak level of $720 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($197 per unit), while the average price for exports to Albania ($43 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 Turkey (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Greece
For the fourth consecutive year, Greece recorded growth in overseas purchases of electric motors; AC motors, single-phases, which increased by 7.3% to 354K units in 2022. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electric motors; AC motors, single-phase imports contracted to $12M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $14M, and then declined in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.9 | 5.6 | 6.2 | 4.2 | -5.0% |
| China | 1.5 | 2.3 | 3.0 | 3.7 | 35.1% |
| Italy | 1.8 | 1.9 | 2.6 | 2.7 | 14.5% |
| Germany | 0.9 | 0.9 | 1.0 | 0.6 | -12.6% |
| Spain | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.7 | 0.9 | 1.2 | 0.9 | 8.7% |
| Total | 9.8 | 11.6 | 13.9 | 12.3 | 7.9% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Greece in 2022:
- China (179.2K units)
- Italy (69.7K units)
- France (62.8K units)
- Germany (21.7K units)
- Spain (7.1K units)
Exports of Electric Motors; AC Motors, Single-Phase in Greece
After three years of growth, shipments abroad of electric motors; AC motors, single-phases decreased by -14.4% to 12K units in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 16%. Over the period under review, the exports attained the maximum at 14K units in 2021, and then contracted in the following year.
In value terms, electric motors; AC motors, single-phase exports fell to $929K in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The exports peaked at $939K in 2021, and then contracted modestly in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 422 | 412 | 599 | 280 | -12.8% |
| Albania | 112 | 245 | 189 | 185 | 18.2% |
| Cyprus | 23.6 | 64.1 | 40.4 | 138 | 80.2% |
| Serbia | 28.5 | 21.3 | 11.5 | 85.5 | 44.2% |
| Romania | 18.1 | 3.8 | 3.7 | 57.6 | 47.1% |
| Turkey | N/A | 0.6 | 14.2 | 33.7 | 649.4% |
| Others | 94.4 | 159 | 81.2 | 150 | 16.7% |
| Total | 698 | 906 | 939 | 929 | 10.0% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Greece in 2022:
- Albania (4.3K units)
- Bulgaria (3.0K units)
- Cyprus (2.1K units)
- Serbia (1.7K units)
- Romania (0.5K units)
- Turkey (0.2K units)
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This report provides an in-depth analysis of the ac/dc motor market in Greece.
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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
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
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...
1201
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
