Price for Electric Motors; AC Motors, Single-Phase in New Zealand - 2023

Price for Electric Motors; AC Motors, Single-Phase in New Zealand (CIF) - 2023

The average import price for electric motors; AC motors, single-phases stood at $206 per unit in July 2023, jumping by 172% against the previous month. In general, the import price continues to indicate a notable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,135 per unit), while the price for Thailand ($41.0 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Single-Phase in New Zealand (FOB) - 2022

The average export price for electric motors; AC motors, single-phases stood at $104 per unit in 2022, dropping by -8.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, the export price attained the peak level of $114 per unit, and then declined in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($104 per unit), while the average price for exports to Australia stood at $89 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.3%).

Imports of Electric Motors; AC Motors, Single-Phase in New Zealand

In 2022, approx. 89K units of electric motors; AC motors, single-phases were imported into New Zealand; increasing by 24% compared with the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +83.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electric motors; AC motors, single-phase imports soared to $7.8M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Electric Motors; AC Motors, Single-Phase in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,086	991	2,009	2,033	23.2%
Italy	587	546	682	972	18.3%
Vietnam	136	155	541	758	77.3%
Germany	461	395	390	669	13.2%
Australia	692	171	350	645	-2.3%
Thailand	186	211	185	531	41.9%
Romania	2.6	0.5	0.1	357	415.9%
South Korea	419	14.1	38.1	126	-33.0%
Lithuania	159	95.6	361	121	-8.7%
United Arab Emirates	N/A	244	182	N/A	-25.4%
Others	1,780	1,256	1,342	1,618	-3.1%
Total	5,509	4,080	6,082	7,832	12.4%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to New Zealand in 2022:

China (35.9K units)
Romania (11.7K units)
Thailand (11.1K units)
Italy (9.0K units)
Germany (5.2K units)
Vietnam (3.5K units)
Australia (2.2K units)
Lithuania (2.1K units)
South Korea (0.6K units)

Exports of Electric Motors; AC Motors, Single-Phase in New Zealand

In 2022, after two years of decline, there was significant growth in shipments abroad of electric motors; AC motors, single-phases, when their volume increased by 8.8% to 12K units. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at 12K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric motors; AC motors, single-phase exports declined modestly to $1.3M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of $1.3M, leveling off in the following year.