Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines (CIF) - 2022
The average import price for electric motors and generators stood at $1,352 per unit in 2022, with an increase of 50% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 270%. The import price peaked at $3,082 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,778 per unit), while the price for Hong Kong SAR ($364 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+49.4%), 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 the Philippines (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $1,198 per unit, which is down by -25.7% against the previous year. Overall, the export price continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43,090% against the previous year. As a result, the export price attained the peak level of $673,193 per unit. From 2017 to 2022, the average export prices remained at a somewhat 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 the Netherlands ($1,255 per unit), while the average price for exports to Indonesia amounted to $288 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+59.0%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines
In 2022, the amount of electric motors and generators imported into the Philippines dropped markedly to 132 units, declining by -90.3% on the year before. Over the period under review, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 935%. As a result, imports attained the peak of 1.4K units, and then fell notably in the following year.
In value terms, imports of electric motors and generators dropped notably to $178K in 2022. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 203%. As a result, imports reached the peak of $1.2M, and then reduced dramatically in the following year.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 103 | 3.7 | 59.2 | 93.8 | -3.1% |
| South Korea | 0.7 | 0.1 | 283 | 55.6 | 329.9% |
| China | 303 | 0.4 | 861 | 25.2 | -56.3% |
| Japan | 145 | 121 | 9.1 | 2.7 | -73.5% |
| Hong Kong SAR | N/A | N/A | 0.8 | 0.7 | -12.5% |
| India | N/A | 214 | 17.9 | N/A | -91.6% |
| Others | 2.6 | 68.2 | 3.3 | 0.3 | -51.3% |
| Total | 555 | 407 | 1,234 | 178 | -31.5% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to the Philippines in 2022:
- Taiwan (Chinese) (55.0 units)
- China (52.0 units)
- South Korea (20.0 units)
- Japan (2.0 units)
- Hong Kong SAR (2.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines
In 2022, exports of electric motors and generators from the Philippines soared to 17 units, rising by 325% compared with the previous year. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators skyrocketed to $20K in 2022. Overall, exports, however, saw a sharp descent. Over the period under review, the exports of hit record highs at $187K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 20.1 | 0% |
| Indonesia | 1.9 | 1.1 | 1.2 | 0.3 | -46.0% |
| South Korea | 0.6 | N/A | N/A | N/A | 0% |
| Thailand | 4.3 | N/A | N/A | N/A | 0% |
| China | N/A | 167 | N/A | N/A | 0% |
| United States | N/A | N/A | 5.2 | N/A | 0% |
| Singapore | 180 | 15.9 | N/A | N/A | -91.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 187 | 184 | 6.4 | 20.4 | -52.2% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from the Philippines in 2022:
- Netherlands (16.0 units)
- Indonesia (1.0 units)
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