Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (FOB) - 2023
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $3,626 per unit in 2022, reducing by -12.8% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $7,941 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,655 per unit), while the price for France ($1,388 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.9%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (FOB) - 2023
The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $25,883 per unit in October 2023, increasing by 153% against the previous month. Over the period under review, the export price showed a prominent increase. Over the period under review, the average export prices reached the peak figure at $30,756 per unit in June 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 the United States ($26,714 per unit), while the average price for exports to China ($16,192 per unit) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada
In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs imported into Canada skyrocketed to 47K units, growing by 55% on the year before. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. Imports peaked at 49K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $171M in 2022. Overall, imports, however, recorded a mild curtailment. Imports peaked at $179M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.4 | 90.8 | 71.0 | 80.3 | -4.6% |
| Brazil | 27.0 | 30.4 | 20.4 | 23.9 | -4.0% |
| China | 10.9 | 6.9 | 10.3 | 19.1 | 20.6% |
| Taiwan (Chinese) | 11.7 | 9.4 | 5.0 | 12.0 | 0.8% |
| France | 3.1 | 10.2 | 1.3 | 6.3 | 26.7% |
| Germany | 4.5 | 4.7 | 2.9 | 6.0 | 10.1% |
| Mexico | 9.1 | 10.9 | 2.8 | 3.7 | -25.9% |
| Others | 19.5 | 15.6 | 12.4 | 19.5 | 0.0% |
| Total | 178 | 179 | 126 | 171 | -1.3% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Canada in 2022:
- Brazil (16.9K units)
- China (10.1K units)
- United States (9.3K units)
- France (4.6K units)
- Taiwan (Chinese) (1.7K units)
- Germany (0.9K units)
- Mexico (0.6K units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada
In 2022, overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by 75% to 1.7K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a resilient expansion. 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 $21M in 2022. Over the period under review, exports, however, saw a pronounced slump. The exports peaked at $23M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.7 | 14.1 | 14.5 | 15.6 | -4.1% |
| Mexico | N/A | N/A | N/A | 0.8 | 0% |
| Italy | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 5.2 | 2.2 | 2.1 | 4.7 | -3.3% |
| Total | 22.9 | 16.4 | 16.7 | 21.4 | -2.2% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Canada in 2022:
- United States (1490.0 units)
- Mexico (74.0 units)
- Italy (31.0 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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