Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore (FOB) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore (FOB) - 2022
The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $360 per unit in 2022, falling by -1.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 74% against the previous year. The export price peaked at $619 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($948 per unit), while the average price for exports to Vietnam ($80 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 the Philippines (+5.7%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $215 per unit in 2022, increasing by 57% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by +76.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($181 per unit), while the price for the United States ($117 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore
In 2022, approx. 107K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Singapore; rising by 32% on the previous year's figure. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $38M in 2022. In general, exports, however, recorded a abrupt setback. The exports peaked at $52M 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.3 | 14.5 | 14.1 | 10.8 | -6.7% |
| Indonesia | 4.6 | 3.6 | 4.1 | 4.9 | 2.1% |
| China | 0.6 | 0.6 | 1.2 | 2.0 | 49.4% |
| Malaysia | 1.0 | 1.3 | 0.8 | 1.5 | 14.5% |
| Japan | 0.6 | 0.5 | 0.6 | 1.2 | 26.0% |
| United States | 0.2 | 0.2 | 0.3 | 1.1 | 76.5% |
| New Zealand | 0.1 | 0.2 | N/A | 0.6 | 81.7% |
| Vietnam | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| India | 0.5 | 0.9 | 0.5 | 0.3 | -15.7% |
| Others | 31.0 | 12.9 | 7.8 | 15.5 | -20.6% |
| Total | 52.5 | 35.0 | 29.7 | 38.4 | -9.9% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Singapore in 2022:
- Indonesia (51.5K units)
- Malaysia (13.0K units)
- Thailand (11.3K units)
- Vietnam (5.1K units)
- Japan (4.3K units)
- New Zealand (3.3K units)
- India (3.1K units)
- China (2.8K units)
- United States (2.6K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore
In 2022, supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -34.7% to 142K units, falling for the second consecutive year after two years of growth. In general, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 188% against the previous year. As a result, imports attained the peak of 397K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $31M in 2022. Overall, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 -36.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 77%. As a result, imports reached the peak of $48M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 10.2 | 9.3 | 9.2 | 14.7% |
| Mexico | 4.9 | 18.5 | 6.1 | 6.0 | 7.0% |
| United States | 3.5 | 8.0 | 4.8 | 4.8 | 11.1% |
| Others | 12.8 | 11.7 | 9.8 | 10.7 | -5.8% |
| Total | 27.3 | 48.4 | 30.0 | 30.7 | 4.0% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Singapore in 2022:
- China (50.8K units)
- Mexico (43.6K units)
- United States (41.0K units)
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