Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (CIF) - 2022
The average import price for electric motors and generators stood at $41 per unit in 2022, picking up by 45% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric motors and generators increased by +60.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($63 per unit), while the price for the Netherlands ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (FOB) - 2022
The average export price for electric motors and generators stood at $67 per unit in 2022, increasing by 2.8% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 5.4% against the previous year. The export price peaked at $102 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($214 per unit), while the average price for exports to Malaysia ($22 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 the Czech Republic (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium
After three years of growth, overseas purchases of electric motors and generators decreased by -31.9% to 2.8M units in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 4M units, and then contracted rapidly in the following year.
In value terms, imports of electric motors and generators shrank slightly to $114M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $116M, and then contracted in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.7 | 25.8 | 31.4 | 25.5 | -9.8% |
| China | 8.8 | 13.0 | 21.6 | 19.3 | 29.9% |
| Slovakia | 9.8 | 2.9 | 8.7 | 14.5 | 13.9% |
| Czech Republic | 6.8 | 6.1 | 7.1 | 8.7 | 8.6% |
| Netherlands | 13.4 | 19.5 | 14.5 | 7.5 | -17.6% |
| Hungary | 1.9 | 2.3 | 3.0 | 4.4 | 32.3% |
| Mexico | 0.1 | 0.4 | 0.5 | 3.4 | 224.0% |
| Others | 16.4 | 27.1 | 28.7 | 30.9 | 23.5% |
| Total | 91.9 | 97.1 | 116 | 114 | 7.4% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Belgium in 2022:
- Netherlands (574.2K units)
- China (559.1K units)
- Germany (524.2K units)
- Slovakia (416.2K units)
- Czech Republic (262.1K units)
- Mexico (72.7K units)
- Hungary (69.1K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium
After three years of growth, overseas shipments of electric motors and generators decreased by -19.7% to 708K units in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year. The exports peaked at 882K units in 2021, and then reduced markedly in the following year.
In value terms, exports of electric motors and generators dropped sharply to $48M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 158% against the previous year. The exports peaked at $58M in 2021, and then reduced markedly in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.0 | 10.3 | 14.0 | 10.2 | 50.4% |
| United Kingdom | 1.3 | 3.2 | 5.2 | 6.3 | 69.2% |
| Germany | 1.1 | 4.4 | 4.8 | 4.2 | 56.3% |
| United States | 0.5 | 1.3 | 3.7 | 3.4 | 89.5% |
| Netherlands | 1.0 | 2.1 | 2.7 | 2.4 | 33.9% |
| Italy | 0.8 | 1.6 | 2.0 | 2.2 | 40.1% |
| Spain | 0.8 | 1.5 | 2.0 | 2.1 | 37.9% |
| Sweden | 0.7 | 2.3 | 2.9 | 1.8 | 37.0% |
| Poland | 0.4 | 1.0 | 1.2 | 1.2 | 44.2% |
| Czech Republic | 0.1 | 0.3 | 0.5 | 1.0 | 115.4% |
| Brazil | 0.5 | 1.1 | 1.2 | 0.9 | 21.6% |
| Malaysia | 0.4 | 0.1 | 0.3 | 0.5 | 7.7% |
| Others | 4.9 | 10.8 | 17.3 | 11.6 | 33.3% |
| Total | 15.5 | 40.0 | 57.7 | 47.6 | 45.4% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Belgium in 2022:
- France (199.6K units)
- United Kingdom (116.5K units)
- Germany (71.0K units)
- Netherlands (42.9K units)
- Italy (40.0K units)
- Spain (28.5K units)
- Malaysia (22.3K units)
- Czech Republic (20.9K units)
- Brazil (18.7K units)
- United States (15.6K units)
- Sweden (14.2K units)
- Poland (14.1K units)
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