Price for Electric Motors; AC Motors, Single-Phase in Finland - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Finland (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Finland (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Finland
- Exports of Electric Motors; AC Motors, Single-Phase in Finland
Price for Electric Motors; AC Motors, Single-Phase in Finland (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $52.9 per unit, which is down by -16.2% against the previous month. Overall, the import price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 121% month-to-month. Over the period under review, average import prices hit record highs at $63.1 per unit in May 2023, and then shrank dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($107 per unit), while the price for China ($13.0 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 Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Finland (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $152 per unit, dropping by -16.9% against the previous year. Overall, the export price saw a perceptible shrinkage. The growth pace was the most rapid in 2016 an increase of 33%. The export price peaked at $273 per unit in 2019; however, from 2020 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 the Netherlands ($341 per unit), while the average price for exports to Sweden ($37 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 Kazakhstan (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Finland
In 2022, approx. 76K units of electric motors; AC motors, single-phases were imported into Finland; with an increase of 26% against 2021. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.3% 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 increased by +52.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, electric motors; AC motors, single-phase imports surged to $7.4M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Single-Phase in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 631 | 831 | 893 | 1,451 | 32.0% |
| Netherlands | 389 | 523 | 619 | 1,348 | 51.3% |
| China | 1,136 | 839 | 1,041 | 1,296 | 4.5% |
| Germany | 2,033 | 902 | 919 | 1,033 | -20.2% |
| Italy | 685 | 638 | 515 | 469 | -11.9% |
| Hungary | 166 | 170 | 266 | 311 | 23.3% |
| Sweden | 138 | 104 | 204 | 219 | 16.6% |
| Belgium | 52.2 | 87.0 | 185 | 204 | 57.5% |
| South Korea | 22.8 | 54.7 | 64.4 | 174 | 96.9% |
| United Kingdom | 54.6 | 61.2 | 99.7 | 20.2 | -28.2% |
| Others | 1,066 | 1,057 | 1,148 | 867 | -6.7% |
| Total | 6,373 | 5,267 | 5,954 | 7,391 | 5.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Finland in 2022:
- Netherlands (22.5K units)
- Germany (14.5K units)
- China (11.7K units)
- Hungary (7.9K units)
- Czech Republic (7.0K units)
- Italy (3.7K units)
- Sweden (1.5K units)
- Belgium (1.3K units)
- South Korea (1.3K units)
- United Kingdom (0.4K units)
Exports of Electric Motors; AC Motors, Single-Phase in Finland
For the fourth year in a row, Finland recorded growth in overseas shipments of electric motors; AC motors, single-phases, which increased by 39% to 6.3K units in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electric motors; AC motors, single-phase exports skyrocketed to $950K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; AC Motors, Single-Phase in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.6 | 2.2 | 60.1 | 169 | 160.1% |
| Denmark | 136 | 103 | 79.0 | 152 | 3.8% |
| China | 66.4 | 32.9 | 79.0 | 105 | 16.5% |
| Estonia | 183 | 72.5 | 118 | 94.1 | -19.9% |
| United States | 32.0 | 32.4 | 38.3 | 91.4 | 41.9% |
| Kazakhstan | N/A | 0.2 | 7.8 | 43.5 | 1374.8% |
| India | 23.8 | 15.6 | 17.1 | 25.2 | 1.9% |
| Russia | 65.0 | 53.9 | 135 | 19.7 | -32.8% |
| Sweden | 13.9 | 14.9 | 20.0 | 19.5 | 11.9% |
| Singapore | 5.3 | 5.0 | 10.0 | 12.1 | 31.7% |
| Turkey | 4.7 | 0.8 | 1.3 | 8.9 | 23.7% |
| Latvia | 3.5 | 13.9 | 8.4 | 4.3 | 7.1% |
| Romania | N/A | 125 | 1.7 | N/A | -98.6% |
| Others | 146 | 142 | 249 | 205 | 12.0% |
| Total | 689 | 614 | 825 | 950 | 11.3% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Finland in 2022:
- Denmark (1462.0 units)
- China (1019.0 units)
- Estonia (649.0 units)
- Sweden (531.0 units)
- Netherlands (496.0 units)
- United States (383.0 units)
- Kazakhstan (347.0 units)
- India (223.0 units)
- Singapore (183.0 units)
- Turkey (152.0 units)
- Latvia (102.0 units)
- Russia (101.0 units)
581
This report provides an in-depth analysis of the ac/dc motor market in Finland.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
581
This report provides an in-depth analysis of the ac/dc motor market in Finland.
616
This report provides an in-depth analysis of the dc motor market in Finland.
1510
This report provides an in-depth analysis of the global ac/dc motor market.
1140
This report provides an in-depth analysis of the global dc motor market.
1307
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
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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
1307
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
216
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
887
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
