Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ethiopia - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ethiopia (CIF) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ethiopia
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ethiopia (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $8,087 per unit in 2022, with an increase of 21% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $10,479 per unit in 2014; however, from 2015 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 China ($12,601 per unit), while the price for Hungary ($456 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ethiopia
In 2022, supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs was finally on the rise to reach 371 units after two years of decline. In general, imports, however, showed a abrupt slump. Imports peaked at 490 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $3M in 2022. Overall, imports saw a slight expansion. 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 Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.0 | 6.3 | 0.7 | 2,318 | 405.0% |
| China | 756 | 431 | 181 | 504 | -12.6% |
| Germany | 24.8 | 32.7 | 32.4 | 111 | 64.8% |
| United Kingdom | 50.0 | 81.6 | 0.6 | 13.7 | -35.0% |
| Spain | 434 | 215 | 43.3 | N/A | -68.4% |
| India | 812 | 352 | 11.1 | N/A | -88.3% |
| Denmark | 84.7 | 83.6 | 59.0 | N/A | -16.5% |
| Turkey | 395 | 0.7 | 4.1 | N/A | -89.8% |
| Others | 302 | 372 | 262 | 54.2 | -43.6% |
| Total | 2,876 | 1,575 | 595 | 3,000 | 1.4% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Ethiopia in 2022:
- United States (276.0 units)
- China (40.0 units)
- Germany (14.0 units)
- United Kingdom (7.0 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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1222
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