Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia - 2024

Contents:

1. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia (CIF) - 2022
2. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia (FOB) - 2022
3. Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia
4. Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia (CIF) - 2022

In 2022, the average import price for electric motors and generators amounted to $3,214 per unit, waning by -66.9% against the previous year. In general, the import price showed a significant contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53%. The import price peaked at $40,246 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($35,601 per unit), while the price for Vietnam ($325 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia (FOB) - 2022

The average export price for electric motors and generators stood at $1,830 per unit in 2022, surging by 12% against the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 382% against the previous year. As a result, the export price attained the peak level of $7,374 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($7,346 per unit), while the average price for exports to the Czech Republic ($155 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 China (+50.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia

For the fourth year in a row, Australia recorded growth in overseas purchases of electric motors and generators, which increased by 296% to 2.6K units in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric motors and generators skyrocketed to $8.5M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Australia in 2022:

1. China (1256.0 units)
2. Taiwan (Chinese) (579.0 units)
3. Italy (316.0 units)
4. Brazil (165.0 units)
5. United States (136.0 units)
6. Japan (44.0 units)
7. Vietnam (41.0 units)
8. Germany (36.0 units)
9. Netherlands (1.0 units)

Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Australia

Exports of electric motors and generators from Australia declined rapidly to 130 units in 2022, dropping by -75.2% compared with the previous year's figure. In general, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 122%. As a result, the exports attained the peak of 524 units, and then declined rapidly in the following year.

In value terms, exports of electric motors and generators declined markedly to $238K in 2022. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 105% against the previous year. Over the period under review, the exports of attained the peak figure at $1.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Australia in 2022:

1. Papua New Guinea (24.0 units)
2. Indonesia (23.0 units)
3. Cote d'Ivoire (23.0 units)
4. Czech Republic (10.0 units)
5. New Zealand (9.0 units)
6. Mali (8.0 units)
7. Poland (8.0 units)
8. Colombia (8.0 units)
9. Thailand (8.0 units)
10. United States (2.0 units)

Source: IndexBox Market Intelligence Platform