Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland - 2023

Contents:

1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland (CIF) - 2022
2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland (FOB) - 2022
3. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland
4. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $1,854 per unit, with a decrease of -8.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 141% against the previous year. The import price peaked at $4,371 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($8,718 per unit), while the price for Australia ($193 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+75.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $8,312 per unit, declining by -5.8% against the previous year. In general, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 388% against the previous year. Over the period under review, the average export prices reached the maximum at $14,273 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($33,690 per unit), while the average price for exports to the UK amounted to $2,361 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+12.1%).

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland

In 2022, purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -25.9% to 2.5K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of 3.4K units, and then contracted sharply in the following year.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs fell significantly to $4.6M in 2022. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 243%. As a result, imports attained the peak of $6.8M, and then fell rapidly in the following year.

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Ireland in 2022:

1. United Kingdom (759.0 units)
2. Germany (569.0 units)
3. China (320.0 units)
4. Spain (249.0 units)
5. Japan (96.0 units)
6. Netherlands (85.0 units)
7. South Korea (80.0 units)
8. Greece (63.0 units)
9. Singapore (52.0 units)
10. Italy (39.0 units)
11. Finland (38.0 units)
12. United States (11.0 units)
13. Australia (6.0 units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ireland

In 2022, after three years of growth, there was significant decline in overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume decreased by -59.1% to 365 units. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 250% against the previous year. As a result, the exports attained the peak of 892 units, and then contracted notably in the following year.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs shrank significantly to $3M in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 271%. The exports peaked at $7.9M in 2021, and then dropped notably in the following year.

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Ireland in 2022:

1. United Kingdom (297.0 units)
2. Saudi Arabia (65.0 units)

Source: IndexBox Market Intelligence Platform