Price for Electric Motors; AC Motors, Single-Phase in Turkey - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Turkey (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Turkey (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Turkey
- Exports of Electric Motors; AC Motors, Single-Phase in Turkey
Price for Electric Motors; AC Motors, Single-Phase in Turkey (CIF) - 2023
The average import price for electric motors; AC motors, single-phases stood at $9.3 per unit in July 2023, picking up by 2.8% against the previous month. Overall, the import price continues to indicate mild growth. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 23% against the previous month. The import price peaked at $10.8 per unit in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +0.2% per month.
Price for Electric Motors; AC Motors, Single-Phase in Turkey (FOB) - 2022
The average export price for electric motors; AC motors, single-phases stood at $20 per unit in 2022, with a decrease of -26.1% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 30%. The export price peaked at $35 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($105 per unit), while the average price for exports to Romania ($7.9 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 Italy (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Turkey
In 2022, electric motors; ac motors, single-phase imports into Turkey was estimated at 19M units, growing by 3.9% compared with the year before. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 +73.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electric motors; AC motors, single-phase imports totaled $162M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Electric Motors; AC Motors, Single-Phase in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.2 | 82.8 | 126 | 131 | 25.5% |
| Italy | 5.7 | 6.1 | 5.1 | 6.6 | 5.0% |
| Poland | 3.3 | 6.2 | 6.3 | 4.6 | 11.7% |
| Albania | 2.7 | 3.0 | 3.6 | 3.4 | 8.0% |
| Others | 17.0 | 15.5 | 15.8 | 16.8 | -0.4% |
| Total | 94.9 | 114 | 157 | 162 | 19.5% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Turkey in 2022:
- China (17.2M units)
- Italy (0.4M units)
- Poland (0.3M units)
- Albania (0.3M units)
Exports of Electric Motors; AC Motors, Single-Phase in Turkey
In 2022, electric motors; ac motors, single-phase exports from Turkey surged to 1.2M units, rising by 63% against the previous year. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electric motors; AC motors, single-phase exports soared to $24M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Electric Motors; AC Motors, Single-Phase in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.6 | 2.2 | 3.3 | 5.0 | 102.7% |
| Egypt | 1.6 | 2.6 | 3.3 | 3.5 | 29.8% |
| Italy | 3.5 | 3.1 | 3.2 | 3.3 | -1.9% |
| Russia | 0.7 | 0.3 | 0.7 | 2.9 | 60.6% |
| Ukraine | 0.4 | 0.6 | 0.4 | 0.6 | 14.5% |
| China | 1.8 | 0.4 | 0.9 | 0.6 | -30.7% |
| Uzbekistan | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 7.3 | 7.4 | 8.3 | 8.0 | 3.1% |
| Total | 16.1 | 16.6 | 20.2 | 24.3 | 14.7% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Turkey in 2022:
- Romania (632.6K units)
- Russia (267.4K units)
- Italy (64.1K units)
- Uzbekistan (48.2K units)
- China (43.2K units)
- Ukraine (42.5K units)
- Egypt (33.4K units)
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This report provides an in-depth analysis of the ac/dc motor market in Turkey.
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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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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
