Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $178 per unit, declining by -17.3% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 88%. The import price peaked at $530 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Norway ($318 per unit), while the price for Hong Kong SAR ($39 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (FOB) - 2022
The average export price for electric motors and generators stood at $100 per unit in 2022, with an increase of 28% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 96%. Over the period under review, the average export prices attained the peak figure at $869 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 the Philippines ($319 per unit), while the average price for exports to New Zealand ($24 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 the Philippines (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore
In 2022, supplies from abroad of electric motors and generators was finally on the rise to reach 12K units after two years of decline. Overall, imports, however, continue to indicate a dramatic downturn. Imports peaked at 30K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors and generators soared to $2.2M in 2022. In general, imports, however, showed a dramatic downturn. Imports peaked at $6.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,674 | 3,181 | 318 | 918 | -30.0% |
| Japan | 882 | 103 | 228 | 232 | -35.9% |
| Norway | 2.9 | 2.6 | 0.6 | 172 | 290.0% |
| China | 1,467 | 145 | 99.8 | 125 | -56.0% |
| Taiwan (Chinese) | 48.0 | 17.7 | 34.1 | 89.4 | 23.0% |
| Estonia | N/A | N/A | 1.2 | 66.1 | 5408.3% |
| Malaysia | 59.9 | 26.9 | 96.7 | 55.5 | -2.5% |
| Sweden | 1.1 | N/A | 2.0 | 39.9 | 231.0% |
| Thailand | 48.5 | 59.3 | N/A | 28.4 | -16.3% |
| Hong Kong SAR | 12.8 | N/A | N/A | 13.3 | 1.3% |
| Switzerland | 16.8 | 9.4 | N/A | 12.6 | -9.1% |
| Netherlands | 168 | 407 | 1.0 | 9.0 | -62.3% |
| Italy | 141 | 6.6 | 473 | 2.7 | -73.2% |
| Others | 1,230 | 954 | 531 | 443 | -28.9% |
| Total | 6,752 | 4,913 | 1,785 | 2,208 | -31.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Singapore in 2022:
- United States (3744.0 units)
- Taiwan (Chinese) (2039.0 units)
- China (1422.0 units)
- Japan (1099.0 units)
- Estonia (936.0 units)
- Sweden (563.0 units)
- Norway (541.0 units)
- Malaysia (419.0 units)
- Hong Kong SAR (345.0 units)
- Thailand (328.0 units)
- Netherlands (197.0 units)
- Switzerland (197.0 units)
- Italy (21.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore
Exports of electric motors and generators from Singapore skyrocketed to 20K units in 2022, rising by 21% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators surged to $2M in 2022. Over the period under review, exports, however, continue to indicate a sharp curtailment. Over the period under review, the exports of reached the maximum at $9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 808 | 938 | 271 | 321 | -26.5% |
| Malaysia | 258 | 149 | 209 | 213 | -6.2% |
| South Korea | 111 | 167 | 158 | 172 | 15.7% |
| Japan | 608 | 106 | 123 | 119 | -41.9% |
| Australia | 77.0 | 69.3 | 61.6 | 101 | 9.5% |
| Taiwan (Chinese) | 40.5 | 88.9 | 47.6 | 93.5 | 32.2% |
| Hong Kong SAR | 231 | 110 | 38.4 | 52.4 | -39.0% |
| New Zealand | 22.2 | 18.3 | 21.2 | 17.9 | -6.9% |
| Others | 6,806 | 531 | 385 | 951 | -48.1% |
| Total | 8,962 | 2,178 | 1,315 | 2,040 | -38.9% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Singapore in 2022:
- South Korea (5.5K units)
- Japan (3.0K units)
- Australia (2.8K units)
- Malaysia (1.8K units)
- Hong Kong SAR (1.7K units)
- Taiwan (Chinese) (1.6K units)
- Indonesia (1.5K units)
- New Zealand (0.8K units)
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