Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (FOB) - 2023
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (CIF) - 2022
The average import price for electric motors and generators stood at $11 per unit in 2022, surging by 19% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric motors and generators increased by +48.3% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 60%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Slovenia ($18 per unit), while the price for Austria ($5.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (FOB) - 2023
In December 2023, the average export price for electric motors and generators amounted to $33.5 per unit, dropping by -1.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 20% against the previous month. The export price peaked at $36.2 per unit in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Israel ($429 per unit), while the average price for exports to India ($1.1 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 France (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania
In 2022, overseas purchases of electric motors and generators decreased by -28.9% to 6.7M units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 11M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors and generators declined markedly to $73M in 2022. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. Imports peaked at $87M in 2021, and then contracted notably in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.3 | 15.0 | 15.7 | 29.0 | 21.2% |
| Germany | 19.4 | 20.4 | 20.2 | 18.9 | -0.9% |
| Slovenia | 6.6 | 7.3 | 9.0 | 6.1 | -2.6% |
| Poland | 9.0 | 24.6 | 24.1 | 4.9 | -18.3% |
| Hungary | 3.7 | 4.1 | 2.5 | 3.2 | -4.7% |
| Serbia | 4.4 | 3.0 | 1.2 | 2.9 | -13.0% |
| Austria | 2.5 | 2.2 | 2.2 | 1.5 | -15.7% |
| France | 7.4 | 0.8 | 0.2 | 0.1 | -76.2% |
| Others | 10.5 | 6.8 | 11.8 | 6.7 | -13.9% |
| Total | 79.8 | 84.2 | 86.9 | 73.3 | -2.8% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Romania in 2022:
- China (2489.6K units)
- Germany (2249.9K units)
- Poland (472.5K units)
- Hungary (372.3K units)
- Slovenia (345.1K units)
- Serbia (323.2K units)
- Austria (255.7K units)
- France (10.0K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania
In 2022, overseas shipments of electric motors and generators decreased by -10.5% to 1.6M units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports of hit record highs at 1.8M units in 2021, and then contracted in the following year.
In value terms, exports of electric motors and generators reduced to $39M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 50%. The exports peaked at $44M in 2021, and then shrank in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.0 | 30.9 | 40.1 | 33.6 | 20.9% |
| Czech Republic | N/A | N/A | N/A | 0.7 | 0% |
| Hungary | 2.4 | 1.9 | 0.4 | 0.2 | -56.3% |
| Others | 2.5 | 3.3 | 3.0 | 4.1 | 17.9% |
| Total | 24.0 | 36.1 | 43.6 | 38.5 | 17.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Romania in 2022:
- Germany (1510.1K units)
- Czech Republic (41.0K units)
- Hungary (12.4K units)
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