Price for Electric Motors; AC Motors, Single-Phase in Slovakia - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Slovakia (FOB) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Slovakia (CIF) - 2023
- Exports of Electric Motors; AC Motors, Single-Phase in Slovakia
- Imports of Electric Motors; AC Motors, Single-Phase in Slovakia
Price for Electric Motors; AC Motors, Single-Phase in Slovakia (FOB) - 2023
In June 2023, the average export price for electric motors; AC motors, single-phases amounted to $12.1 per unit, declining by -4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in May 2023 an increase of 21% month-to-month. As a result, the export price attained the peak level of $12.6 per unit, and then reduced in the following month.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($21.2 per unit), while the average price for exports to Poland ($10.2 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Slovakia (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $7.9 per unit, dropping by -15.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 30% against the previous month. As a result, import price reached the peak level of $10.0 per unit. From September 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($8.7 per unit), while the price for China stood at $6.1 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-0.6%).
Exports of Electric Motors; AC Motors, Single-Phase in Slovakia
For the third year in a row, Slovakia recorded decline in overseas shipments of electric motors; AC motors, single-phases, which decreased by -13.1% to 2.2M units in 2022. In general, exports saw a deep reduction. The smallest decline of -2.3% was in 2021. Over the period under review, the exports hit record highs at 3.2M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase exports shrank to $46M in 2022. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 6.2%. The exports peaked at $56M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; AC Motors, Single-Phase in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 28.0 | 24.3 | 28.1 | 27.7 | -0.4% |
| Algeria | 1.6 | 1.0 | 0.2 | 6.7 | 61.2% |
| Germany | 0.3 | 5.1 | 6.3 | 6.3 | 175.9% |
| Italy | 4.6 | 4.3 | 3.9 | 3.0 | -13.3% |
| Russia | 8.9 | 2.3 | 3.0 | 0.6 | -59.3% |
| Slovenia | 12.0 | 5.8 | 4.1 | 0.2 | -74.5% |
| Others | 1.0 | 1.3 | 1.2 | 1.2 | 6.3% |
| Total | 56.4 | 44.1 | 46.8 | 45.8 | -6.7% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Slovakia in 2022:
- Poland (1398.3K units)
- Germany (354.9K units)
- Algeria (235.9K units)
- Italy (102.1K units)
- Russia (25.6K units)
- Slovenia (7.5K units)
Imports of Electric Motors; AC Motors, Single-Phase in Slovakia
For the fourth consecutive year, Slovakia recorded growth in purchases abroad of electric motors; AC motors, single-phases, which increased by 9.4% to 1.5M units in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 66%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, electric motors; AC motors, single-phase imports soared to $29M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Electric Motors; AC Motors, Single-Phase in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 15.0 | 17.8 | 20.8 | 30.3% |
| Czech Republic | 0.6 | 0.5 | 0.8 | 3.0 | 71.0% |
| Germany | 0.6 | 0.4 | 2.9 | 2.1 | 51.8% |
| Others | 1.4 | 2.1 | 2.2 | 2.8 | 26.0% |
| Total | 12.0 | 18.1 | 23.7 | 28.7 | 33.7% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Slovakia in 2022:
- China (1203.3K units)
- Germany (171.8K units)
- Czech Republic (28.1K units)
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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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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
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