Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States (FOB) - 2023
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $4,271 per unit, approximately mirroring the previous year. Overall, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the maximum at $11,516 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Taiwan (Chinese) ($15,043 per unit), while the price for India ($804 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States (FOB) - 2023
In December 2023, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $18,702 per unit, growing by 6.9% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 21% month-to-month. As a result, the export price reached the peak level of $20,358 per unit; afterwards, it flattened through to December 2023.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was China ($31,526 per unit), while the average price for exports to South Korea ($7,126 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.7%), 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 United States
In 2022, approx. 215K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were imported into the United States; jumping by 50% on the previous year. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $919M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 183 | 158 | 158 | 246 | 10.4% |
| China | 65.2 | 45.1 | 56.4 | 127 | 24.9% |
| Brazil | 112 | 96.2 | 90.1 | 126 | 4.0% |
| Germany | 93.1 | 89.9 | 65.0 | 81.6 | -4.3% |
| Taiwan (Chinese) | 49.5 | 42.0 | 37.7 | 56.2 | 4.3% |
| Japan | 43.2 | 81.6 | 99.6 | 53.7 | 7.5% |
| South Korea | 24.5 | 13.9 | 13.0 | 47.9 | 25.0% |
| Hungary | 0.3 | 1.2 | 1.9 | 34.4 | 385.8% |
| Italy | 3.9 | 4.4 | 4.9 | 19.7 | 71.6% |
| India | 2.5 | 3.1 | 5.2 | 12.5 | 71.0% |
| Others | 82.8 | 90.3 | 75.5 | 112 | 10.6% |
| Total | 660 | 625 | 608 | 919 | 11.7% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to the United States in 2022:
- China (54.8K units)
- Mexico (28.1K units)
- Japan (23.1K units)
- Germany (22.1K units)
- Brazil (21.9K units)
- Hungary (17.7K units)
- India (15.6K units)
- South Korea (11.2K units)
- Italy (3.8K units)
- Taiwan (Chinese) (3.7K units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States
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 -55.6% to 26K units. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 51%. Over the period under review, the exports of attained the peak figure at 59K units in 2021, and then fell remarkably in the following year.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs declined markedly to $425M in 2022. Overall, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when exports increased by 43%. Over the period under review, the exports of reached the maximum at $746M in 2021, and then fell rapidly in the following year.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 122 | 123 | 81.6 | 94.7 | -8.1% |
| China | 66.1 | 338 | 448 | 77.5 | 5.4% |
| United Kingdom | 53.8 | 34.6 | 46.9 | 39.1 | -10.1% |
| Mexico | 38.1 | 37.2 | 35.3 | 34.6 | -3.2% |
| Australia | 11.6 | 11.4 | 10.6 | 13.4 | 4.9% |
| France | 2.5 | 4.5 | 3.8 | 12.7 | 71.9% |
| Italy | 5.1 | 10.7 | 11.3 | 12.2 | 33.7% |
| Chile | 14.3 | 9.5 | 9.0 | 12.2 | -5.2% |
| Germany | 8.5 | 13.3 | 8.0 | 11.5 | 10.6% |
| Netherlands | 4.5 | 3.4 | 2.8 | 9.5 | 28.3% |
| Others | 157 | 106 | 88.9 | 107 | -12.0% |
| Total | 484 | 691 | 746 | 425 | -4.2% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from the United States in 2022:
- Canada (5.7K units)
- China (3.8K units)
- United Kingdom (3.4K units)
- Mexico (3.0K units)
- France (1.3K units)
- Germany (1.2K units)
- Italy (0.8K units)
- Netherlands (0.7K units)
- Australia (0.4K units)
- Chile (0.4K 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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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...
1222
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
