Price for Electric Motors; AC Motors, Single-Phase in Vietnam - 2021
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Vietnam (FOB) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Vietnam (CIF) - 2022
- Exports of Electric Motors; AC Motors, Single-Phase in Vietnam
- Imports of Electric Motors; AC Motors, Single-Phase in Vietnam
Price for Electric Motors; AC Motors, Single-Phase in Vietnam (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $63 per unit, growing by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2017 an increase of 45% against the previous year. Over the period under review, the average export prices attained the maximum at $79 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.1% per year.
Price for Electric Motors; AC Motors, Single-Phase in Vietnam (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, single-phases amounted to $7.6 per unit, declining by -15.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. The import price peaked at $14 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($108 per unit), while the price for China amounted to $6.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%).
Exports of Electric Motors; AC Motors, Single-Phase in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of electric motors; AC motors, single-phases, when their volume decreased by -20% to 5M units. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports reached the peak of 6.3M units, and then reduced markedly in the following year.
In value terms, electric motors; AC motors, single-phase exports shrank to $317M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 90% against the previous year. The exports peaked at $356M in 2021, and then contracted in the following year.
| Export of Electric Motors; AC Motors, Single-Phase in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.1 | 0.5 | 317 | 5530.3% |
| South Korea | 10.3 | 9.7 | 11.8 | N/A | 7.0% |
| Thailand | 11.2 | 12.2 | 14.4 | N/A | 13.4% |
| Malaysia | 14.2 | 15.4 | 14.1 | N/A | -0.4% |
| United States | 55.0 | 178 | 260 | N/A | 117.4% |
| India | 6.7 | 5.8 | 4.3 | N/A | -19.9% |
| Philippines | 10.5 | 8.0 | 6.2 | N/A | -23.2% |
| Mexico | 7.4 | 12.1 | 11.4 | N/A | 24.1% |
| Others | 30.8 | 36.3 | 33.0 | N/A | 3.5% |
| Total | 146 | 277 | 356 | 317 | 29.5% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Vietnam in 2022:
- United Arab Emirates (5.0M units)
Imports of Electric Motors; AC Motors, Single-Phase in Vietnam
In 2022, the amount of electric motors; AC motors, single-phases imported into Vietnam rose rapidly to 14M units, with an increase of 11% against 2021 figures. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.5% 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 +102.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, electric motors; AC motors, single-phase imports reduced to $102M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +55.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 47%. Imports peaked at $108M in 2021, and then shrank in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.5 | 69.1 | 80.3 | 84.2 | 19.4% |
| South Korea | 9.5 | 18.2 | 17.1 | 12.4 | 9.3% |
| Others | 6.7 | 9.2 | 11.1 | 5.9 | -4.1% |
| Total | 65.8 | 96.5 | 108 | 102 | 15.7% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Vietnam in 2022:
- China (13.4M units)
- South Korea (0.1M units)
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