Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK (CIF) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK (CIF) - 2023
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $1,313 per unit in November 2023, picking up by 10% against the previous month. In general, the import price, however, showed a slight reduction. The growth pace was the most rapid in July 2023 when the average import price increased by 143% against the previous month. As a result, import price attained the peak level of $2,164 per unit; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,621 per unit), while the price for Japan ($731 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), 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 the UK (FOB) - 2022
The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $5,553 per unit in 2022, with an increase of 32% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 68%. The export price peaked at $6,989 per unit in 2019; however, from 2020 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 Taiwan (Chinese) ($12,113 per unit), while the average price for exports to South Africa ($2,456 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 Germany (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK
For the fourth year in a row, the UK recorded growth in supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 33% to 103K units in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $174M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 9.0 | 45.6 | 39.9 | 129.5% |
| United States | 17.7 | 38.5 | 41.1 | 34.5 | 24.9% |
| Germany | 8.2 | 11.0 | 8.9 | 23.2 | 41.4% |
| Austria | 0.5 | 0.2 | 0.3 | 19.9 | 241.4% |
| Japan | 0.8 | 0.2 | 0.1 | 13.4 | 155.9% |
| Others | 26.5 | 33.3 | 31.7 | 43.5 | 18.0% |
| Total | 56.9 | 92.1 | 128 | 174 | 45.1% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to the UK in 2022:
- China (33.2K units)
- United States (25.9K units)
- Japan (16.8K units)
- Germany (15.0K units)
- Austria (5.3K units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK
In 2022, approx. 16K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from the UK; growing by 19% on the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 158%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $87M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 22.1 | 22000.0% |
| Italy | 1.9 | 1.9 | 8.2 | 11.3 | 81.2% |
| United States | 5.3 | 2.9 | 1.8 | 9.6 | 21.9% |
| Germany | 7.3 | 3.2 | 12.4 | 8.0 | 3.1% |
| South Africa | N/A | 0.8 | N/A | 4.7 | 142.4% |
| France | 13.6 | 7.1 | 6.2 | 2.5 | -43.1% |
| Switzerland | 0.3 | N/A | 2.7 | 2.4 | 100.0% |
| Ireland | 0.4 | 0.6 | 1.6 | 1.2 | 44.2% |
| Others | 19.5 | 17.1 | 22.6 | 25.7 | 9.6% |
| Total | 48.3 | 33.7 | 55.6 | 87.5 | 21.9% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from the UK in 2022:
- Italy (4.2K units)
- United States (2.7K units)
- Germany (2.0K units)
- South Africa (1.9K units)
- Taiwan (Chinese) (1.8K units)
- Switzerland (0.6K units)
- France (0.3K units)
- Ireland (0.3K units)
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This report provides an in-depth analysis of the global dc motor market.
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This report provides an in-depth analysis of the ac/dc motor market in the UK.
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This report provides an in-depth analysis of the dc motor market in the UK.
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This report provides an in-depth analysis of the global ac/dc motor market.
1168
This report provides an in-depth analysis of the global dc motor market.
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49
Explore the top import markets for AC/DC motors in 2023, including the United States, Germany, China, Italy, and more. Learn about the key statistics and import values of these countries.
1350
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
285
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
903
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1227
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
