Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (FOB) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (CIF) - 2023
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (FOB) - 2023
In October 2023, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $4,501 per unit, with an increase of 31% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.3%. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 48% month-to-month. The export price peaked at $4,694 per unit in January 2023; afterwards, it flattened through to October 2023.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was China ($12,359 per unit), while the average price for exports to the UK ($998 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (CIF) - 2023
In October 2023, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $2,148 per unit, reducing by -33.5% against the previous month. Over the period under review, import price indicated mild growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -33.5% against September 2023 indices. The growth pace was the most rapid in July 2023 when the average import price increased by 34% against the previous month. Over the period under review, average import prices hit record highs at $3,231 per unit in September 2023, and then contracted dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($3,623 per unit), while the price for China ($1,582 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany
In 2022, approx. 208K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Germany; increasing by 142% on 2021 figures. In general, exports posted a significant increase. 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; AC motors, multi-phase, of an output exceeding 75kWs surged to $1.4B in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 117 | 168 | 169 | 268 | 31.8% |
| United States | 77.6 | 92.8 | 87.5 | 226 | 42.8% |
| Austria | 104 | 107 | 108 | 115 | 3.4% |
| Spain | 32.7 | 50.3 | 76.6 | 98.8 | 44.6% |
| Hungary | 1.9 | 4.8 | 27.2 | 97.4 | 271.5% |
| Czech Republic | 8.6 | 6.0 | 12.2 | 83.5 | 113.3% |
| Turkey | 32.9 | 16.3 | 20.1 | 81.8 | 35.5% |
| Netherlands | 50.9 | 47.4 | 46.8 | 44.7 | -4.2% |
| Belgium | 30.3 | 29.4 | 21.3 | 37.8 | 7.7% |
| Italy | 54.7 | 44.5 | 45.9 | 37.6 | -11.7% |
| United Kingdom | 10.6 | 11.7 | 19.4 | 34.1 | 47.6% |
| Others | 323 | 358 | 287 | 276 | -5.1% |
| Total | 844 | 936 | 922 | 1,400 | 18.4% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Germany in 2022:
- Hungary (39.2K units)
- Netherlands (33.1K units)
- Spain (24.8K units)
- China (24.2K units)
- Czech Republic (23.0K units)
- United States (12.0K units)
- Austria (9.0K units)
- Turkey (8.5K units)
- Italy (5.9K units)
- United Kingdom (4.3K units)
- Belgium (2.4K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany
Imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Germany skyrocketed to 294K units in 2022, increasing by 57% against the year before. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 142%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $713M in 2022. In general, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.0 | 81.0 | 169 | 252 | 57.9% |
| Serbia | 0.2 | 1.0 | 5.5 | 86.9 | 657.4% |
| Netherlands | 1.2 | 21.7 | 23.1 | 71.3 | 290.2% |
| Mexico | 0.3 | 0.2 | 1.2 | 55.0 | 468.1% |
| Finland | 105 | 44.6 | 49.1 | 49.9 | -22.0% |
| Czech Republic | 22.0 | 19.9 | 27.3 | 35.6 | 17.4% |
| Others | 234 | 184 | 209 | 162 | -11.5% |
| Total | 427 | 352 | 484 | 713 | 18.6% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Germany in 2022:
- China (213.3K units)
- Netherlands (19.3K units)
- Serbia (17.4K units)
- Mexico (17.0K units)
- Czech Republic (6.1K units)
- Finland (3.9K units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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1210
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