Price for Electric Motors; AC Motors, Single-Phase in Croatia - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Croatia (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Croatia (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Croatia
- Exports of Electric Motors; AC Motors, Single-Phase in Croatia
Price for Electric Motors; AC Motors, Single-Phase in Croatia (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $27.1 per unit, picking up by 57% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. The import price peaked at $34.0 per unit in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($48.1 per unit), while the price for China ($18.4 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Croatia (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $65 per unit in 2022, surging by 2.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. The export price peaked at $70 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($173 per unit), while the average price for exports to Italy ($28 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 Serbia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Croatia
In 2022, after three years of growth, there was significant decline in purchases abroad of electric motors; AC motors, single-phases, when their volume decreased by -6.7% to 153K units. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of 164K units, and then reduced in the following year.
In value terms, electric motors; AC motors, single-phase imports contracted to $5.9M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $6.2M, and then reduced in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,467 | 1,300 | 1,597 | 1,390 | -1.8% |
| China | 840 | 1,016 | 1,006 | 912 | 2.8% |
| South Korea | 342 | 502 | 540 | 820 | 33.8% |
| Poland | 9.5 | 18.0 | 111 | 808 | 339.8% |
| Slovenia | 325 | 358 | 550 | 690 | 28.5% |
| Germany | 437 | 421 | 378 | 333 | -8.7% |
| Hungary | 682 | 686 | 1,235 | 277 | -25.9% |
| Others | 327 | 452 | 830 | 699 | 28.8% |
| Total | 4,429 | 4,752 | 6,248 | 5,930 | 10.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Croatia in 2022:
- Italy (44.2K units)
- China (25.4K units)
- South Korea (21.4K units)
- Poland (18.1K units)
- Slovenia (17.0K units)
- Germany (10.4K units)
- Hungary (5.9K units)
Exports of Electric Motors; AC Motors, Single-Phase in Croatia
In 2022, overseas shipments of electric motors; AC motors, single-phases decreased by -26.6% to 17K units for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports reached the peak of 23K units, and then plummeted in the following year.
In value terms, electric motors; AC motors, single-phase exports fell dramatically to $1.1M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $1.4M, and then shrank sharply in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 369 | 424 | 747 | 673 | 22.2% |
| Serbia | 153 | 249 | 230 | 172 | 4.0% |
| Slovenia | 126 | 151 | 175 | 66.1 | -19.3% |
| Austria | 17.7 | 22.2 | 24.9 | 31.9 | 21.7% |
| France | 7.5 | 12.0 | 9.6 | 21.1 | 41.2% |
| Italy | 28.8 | 47.5 | 60.5 | 11.3 | -26.8% |
| Romania | 23.1 | 27.8 | 44.8 | 9.4 | -25.9% |
| Others | 180 | 128 | 158 | 106 | -16.2% |
| Total | 905 | 1,061 | 1,450 | 1,090 | 6.4% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Croatia in 2022:
- Bosnia and Herzegovina (12.5K units)
- Serbia (1.0K units)
- Slovenia (1.0K units)
- Italy (0.4K units)
- France (0.4K units)
- Austria (0.4K units)
- Romania (0.3K units)
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