Price for Electric Motors; AC Motors, Single-Phase in the UK - 2023

Price for Electric Motors; AC Motors, Single-Phase in the UK (CIF) - 2022

The average import price for electric motors; AC motors, single-phases stood at $22 per unit in 2022, increasing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,678 per unit), while the price for Vietnam ($7.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+67.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Single-Phase in the UK (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, single-phases amounted to $109 per unit, increasing by 146% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the maximum at $113 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($288 per unit), while the average price for exports to Poland ($27 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 Australia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors; AC Motors, Single-Phase in the UK

In 2022, overseas purchases of electric motors; AC motors, single-phases decreased by -20.9% to 3.6M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, imports reached the peak figure at 4.6M units in 2021, and then fell remarkably in the following year.

In value terms, electric motors; AC motors, single-phase imports dropped dramatically to $81M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $95M, and then shrank rapidly in the following year.

Import of Electric Motors; AC Motors, Single-Phase in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.0	17.0	24.8	25.3	21.8%
Czech Republic	4.8	4.3	1.2	11.5	33.8%
Italy	17.8	23.9	27.9	11.0	-14.8%
Slovenia	4.1	3.4	8.2	4.3	1.6%
Germany	5.0	3.6	8.2	4.2	-5.6%
South Korea	0.2	0.9	1.5	1.9	111.8%
Vietnam	N/A	0.3	0.7	1.1	91.5%
Romania	6.0	3.1	1.5	0.7	-51.1%
Netherlands	6.0	6.1	7.5	0.2	-67.8%
Others	14.3	13.4	13.8	20.4	12.6%
Total	72.3	76.2	95.2	80.6	3.7%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to the UK in 2022:

China (1454.8K units)
Italy (783.3K units)
Czech Republic (777.2K units)
Vietnam (144.4K units)
Slovenia (94.3K units)
South Korea (64.9K units)
Germany (28.8K units)
Romania (20.3K units)
Netherlands (1.9K units)

Exports of Electric Motors; AC Motors, Single-Phase in the UK

In 2022, overseas shipments of electric motors; AC motors, single-phases decreased by -79.2% to 181K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 272% against the previous year. As a result, the exports reached the peak of 870K units, and then reduced remarkably in the following year.

In value terms, electric motors; AC motors, single-phase exports plummeted to $20M in 2022. In general, exports, however, recorded noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. As a result, the exports reached the peak of $39M, and then reduced markedly in the following year.

Export of Electric Motors; AC Motors, Single-Phase in the UK (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Israel	31.7	1.2	14.7	3,362	373.3%
United States	3,584	2,978	2,050	2,028	-17.3%
Italy	80.6	866	1,217	1,355	156.2%
Germany	1,469	745	1,529	1,353	-2.7%
Australia	179	261	2,266	1,256	91.4%
Ireland	1,394	1,246	1,261	995	-10.6%
Netherlands	521	503	740	926	21.1%
Malaysia	124	90.2	153	881	92.2%
Poland	256	323	617	655	36.8%
Sweden	977	1,651	399	416	-24.8%
Malta	2.6	15.5	0.2	413	441.6%
Canada	215	73.6	189	281	9.3%
Oman	389	148	14.0	184	-22.1%
Others	9,325	8,631	28,169	5,634	-15.5%
Total	18,549	17,534	38,619	19,739	2.1%