Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $7,721 per unit, dropping by -16.8% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 44% against the previous year. The import price peaked at $18,428 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($12,970 per unit), while the price for Hungary ($1,923 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.2%), 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 Norway (FOB) - 2022
The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $4,155 per unit in 2022, growing by 10% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 42%. The export price peaked at $27,667 per unit in 2012; however, from 2013 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 the UK ($27,739 per unit), while the average price for exports to Belgium ($1,146 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 Sweden (+3.7%), 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 Norway
In 2022, purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -2.7% to 4.5K units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 4.9K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs dropped markedly to $34M in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Over the period under review, imports of attained the maximum at $45M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 13.0 | 11.3 | 13.1 | 11.1 | -5.1% |
| Germany | 11.6 | 8.0 | 8.6 | 6.3 | -18.4% |
| United States | 9.0 | 7.3 | 7.1 | 5.3 | -16.2% |
| Czech Republic | 0.8 | 1.1 | 1.9 | 1.7 | 28.6% |
| South Korea | 0.1 | N/A | 0.6 | 1.2 | 128.9% |
| China | 0.1 | 1.0 | 0.5 | 1.0 | 115.4% |
| Sweden | 1.1 | 1.1 | 2.3 | 0.9 | -6.5% |
| Italy | 1.4 | 1.7 | 1.7 | 0.8 | -17.0% |
| Denmark | 1.3 | 1.0 | 1.0 | 0.7 | -18.6% |
| Hungary | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Others | 7.1 | 5.1 | 5.5 | 4.9 | -11.6% |
| Total | 45.4 | 37.5 | 42.5 | 34.4 | -8.8% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Norway in 2022:
- United States (1232.0 units)
- Finland (856.0 units)
- Germany (490.0 units)
- China (331.0 units)
- Czech Republic (279.0 units)
- Hungary (267.0 units)
- South Korea (207.0 units)
- Sweden (172.0 units)
- Denmark (144.0 units)
- Italy (101.0 units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume decreased by -14.1% to 2.6K units. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of 3.1K units, and then contracted in the following year.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs dropped to $11M in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of attained the maximum at $20M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,724 | 1,371 | 2,171 | 2,256 | 9.4% |
| United Kingdom | 917 | 739 | 222 | 1,137 | 7.4% |
| Poland | 1,664 | 519 | 848 | 938 | -17.4% |
| Denmark | 32.8 | 109 | 1,048 | 731 | 181.4% |
| Germany | 676 | 1,119 | 750 | 474 | -11.2% |
| Sweden | 166 | 459 | 843 | 443 | 38.7% |
| Belgium | 1.9 | 1.4 | N/A | 77.9 | 244.8% |
| South Korea | 4,088 | 57.5 | 2.2 | 16.1 | -84.2% |
| Indonesia | N/A | 147 | N/A | N/A | 0% |
| Others | 11,144 | 4,213 | 5,666 | 4,849 | -24.2% |
| Total | 20,414 | 8,735 | 11,551 | 10,924 | -18.8% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Norway in 2022:
- Netherlands (1721.0 units)
- Germany (259.0 units)
- Sweden (146.0 units)
- Denmark (96.0 units)
- Belgium (68.0 units)
- Poland (46.0 units)
- United Kingdom (41.0 units)
- South Korea (1.0 units)
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