Price for Electric Motors; of an Output Not Exceeding 37.5W in Germany - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Germany (FOB) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Germany (CIF) - 2023
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Germany
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Germany
Price for Electric Motors; of an Output Not Exceeding 37.5W in Germany (FOB) - 2023
In December 2023, the average export price for electric motors amounted to $12.5 per unit, with an increase of 14% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +3.7%. The most prominent rate of growth was recorded in January 2023 an increase of 29% m-o-m. The export price peaked in December 2023.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Switzerland ($66.6 per unit), while the average price for exports to Taiwan (Chinese) ($6.3 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 Malaysia (+13.7%), 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 Germany (CIF) - 2023
The average import price for electric motors stood at $6.6 per unit in December 2023, falling by -6.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +3.6%. The growth pace was the most rapid in January 2023 an increase of 37% month-to-month. Over the period under review, average import prices reached the maximum at $7.1 per unit in November 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($13.4 per unit), while the price for Thailand ($2.8 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Germany
Exports of electric motors from Germany shrank to 193M units in 2022, with a decrease of -11.6% compared with the previous year. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 6.8%. Over the period under review, the exports of reached the peak figure at 259M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors dropped to $1.4B in 2022. Over the period under review, exports showed a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports of attained the peak figure at $1.5B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 91.3 | 73.4 | 85.5 | 87.6 | -1.4% |
| United States | 87.5 | 86.3 | 84.0 | 87.1 | -0.2% |
| Poland | 70.2 | 65.3 | 79.6 | 84.6 | 6.4% |
| Austria | 69.3 | 58.5 | 77.0 | 82.8 | 6.1% |
| France | 94.9 | 77.7 | 83.1 | 81.9 | -4.8% |
| China | 88.5 | 96.2 | 98.5 | 78.6 | -3.9% |
| Switzerland | 59.0 | 54.3 | 70.8 | 70.7 | 6.2% |
| Slovakia | 69.4 | 52.8 | 61.7 | 65.8 | -1.8% |
| Spain | 77.2 | 62.6 | 59.3 | 53.7 | -11.4% |
| Hungary | 40.3 | 36.1 | 54.4 | 49.5 | 7.1% |
| United Kingdom | 62.3 | 46.7 | 39.3 | 36.6 | -16.2% |
| Portugal | 60.0 | 31.9 | 32.9 | 32.6 | -18.4% |
| Turkey | 24.7 | 24.8 | 28.9 | 27.2 | 3.3% |
| Others | 640 | 534 | 619 | 516 | -6.9% |
| Total | 1,535 | 1,300 | 1,475 | 1,355 | -4.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Germany in 2022:
- Italy (35.2M units)
- Slovakia (20.3M units)
- France (17.0M units)
- Poland (15.9M units)
- China (14.5M units)
- Spain (12.8M units)
- Austria (12.4M units)
- Hungary (11.9M units)
- United States (7.5M units)
- Portugal (6.5M units)
- Turkey (4.6M units)
- United Kingdom (4.0M units)
- Switzerland (3.7M units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Germany
In 2022, the amount of electric motors imported into Germany shrank to 295M units, declining by -12.2% compared with the previous year. In general, imports saw a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 335M units, and then contracted in the following year.
In value terms, imports of electric motors contracted to $1.3B in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $1.4B, and then dropped in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 346 | 329 | 379 | 370 | 2.3% |
| China | 231 | 192 | 312 | 257 | 3.6% |
| Netherlands | 142 | 164 | 142 | 148 | 1.4% |
| Thailand | 53.7 | 42.1 | 54.5 | 54.1 | 0.2% |
| Italy | 64.9 | 63.2 | 59.9 | 50.7 | -7.9% |
| France | 40.1 | 45.3 | 44.0 | 37.7 | -2.0% |
| Austria | 34.0 | 31.1 | 33.5 | 20.9 | -15.0% |
| India | 24.8 | 20.8 | 21.9 | 19.4 | -7.9% |
| Others | 410 | 319 | 358 | 353 | -4.9% |
| Total | 1,347 | 1,206 | 1,406 | 1,311 | -0.9% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Germany in 2022:
- Netherlands (122.1M units)
- China (79.8M units)
- Switzerland (27.1M units)
- Thailand (14.5M units)
- Italy (9.9M units)
- France (4.7M units)
- India (4.3M units)
- Austria (4.2M units)
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