Price for Electric Motors; of an Output Not Exceeding 37.5W in Japan - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Japan (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Japan (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Japan
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Japan
Price for Electric Motors; of an Output Not Exceeding 37.5W in Japan (FOB) - 2022
The average export price for electric motors stood at $81 per unit in 2022, increasing by 4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 23%. The export price peaked at $102 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($172 per unit), while the average price for exports to Taiwan (Chinese) ($16 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 Thailand (+11.4%), 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 Japan (CIF) - 2022
In 2022, the average import price for electric motors amounted to $42 per unit, with an increase of 11% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $158 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($51 per unit), while the price for the United States ($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 Switzerland (-5.9%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Japan
In 2022, after three years of growth, there was decline in overseas shipments of electric motors, when their volume decreased by -2.8% to 9.3M units. The total export volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26%. Over the period under review, the exports of hit record highs at 9.6M units in 2021, and then reduced slightly in the following year.
In value terms, exports of electric motors stood at $753M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 14%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 194 | 183 | 212 | 245 | 8.1% |
| China | 146 | 153 | 178 | 160 | 3.1% |
| South Korea | 43.1 | 97.1 | 83.0 | 70.7 | 17.9% |
| Thailand | 58.0 | 37.1 | 47.2 | 41.5 | -10.6% |
| Czech Republic | 21.0 | 21.5 | 22.4 | 38.2 | 22.1% |
| Mexico | 33.1 | 33.8 | 34.2 | 31.2 | -2.0% |
| India | 15.6 | 12.4 | 15.0 | 18.6 | 6.0% |
| Brazil | 7.0 | 6.7 | 13.9 | 18.4 | 38.0% |
| Taiwan (Chinese) | 13.8 | 12.1 | 16.9 | 15.1 | 3.0% |
| Malaysia | 8.2 | 5.4 | 7.4 | 7.5 | -2.9% |
| Hong Kong SAR | 7.2 | 5.6 | 7.4 | 4.9 | -12.0% |
| Others | 110 | 83.1 | 107 | 101 | -2.8% |
| Total | 657 | 651 | 745 | 753 | 4.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Japan in 2022:
- United States (2304.2K units)
- China (2162.8K units)
- Taiwan (Chinese) (960.8K units)
- India (763.0K units)
- Czech Republic (576.1K units)
- Mexico (465.4K units)
- South Korea (410.8K units)
- Thailand (372.9K units)
- Hong Kong SAR (223.0K units)
- Brazil (174.8K units)
- Malaysia (113.4K units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Japan
In 2022, after three years of growth, there was significant decline in supplies from abroad of electric motors, when their volume decreased by -10.9% to 15M units. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of 17M units, and then declined in the following year.
In value terms, imports of electric motors shrank slightly to $647M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of $652M, leveling off in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 358 | 290 | 361 | 366 | 0.7% |
| Vietnam | 84.0 | 69.7 | 93.3 | 96.3 | 4.7% |
| Thailand | 57.1 | 42.9 | 56.6 | 49.4 | -4.7% |
| Indonesia | 34.4 | 27.3 | 32.4 | 32.4 | -2.0% |
| Malaysia | 26.1 | 25.0 | 26.7 | 20.3 | -8.0% |
| South Korea | 5.0 | 9.5 | 16.2 | 14.7 | 43.3% |
| Switzerland | 5.5 | 4.6 | 5.7 | 8.4 | 15.2% |
| United States | 11.1 | 12.4 | 9.0 | 7.7 | -11.5% |
| Others | 55.1 | 42.5 | 51.7 | 52.5 | -1.6% |
| Total | 636 | 524 | 652 | 647 | 0.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Japan in 2022:
- China (7.1M units)
- Vietnam (1.9M units)
- Malaysia (1.5M units)
- United States (1.4M units)
- Thailand (1.0M units)
- Indonesia (0.6M units)
- Switzerland (0.5M units)
- South Korea (0.3M units)
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