Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia - 2023

Contents:

  1. Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia (CIF) - 2022
  2. Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia (FOB) - 2022
  3. Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia
  4. Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia

Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia (CIF) - 2022

In 2022, the average import price for electric motors and generators amounted to $67 per unit, which is down by -14.3% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2019 an increase of 78%. Over the period under review, average import prices attained the maximum at $78 per unit in 2021, and then declined in the following year.

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 ($125 per unit), while the price for Taiwan (Chinese) ($36 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+35.2%), 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 Estonia (FOB) - 2022

In 2022, the average export price for electric motors and generators amounted to $126 per unit, rising by 6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 when the average export price increased by 54%. Over the period under review, the average export prices reached the maximum at $212 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($136 per unit), while the average price for exports to Finland ($46 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 UK (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia

In 2022, purchases abroad of electric motors and generators decreased by -24.8% to 54K units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 187%. As a result, imports attained the peak of 126K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electric motors and generators dropped dramatically to $3.6M in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 230%. As a result, imports reached the peak of $8.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China27480897299453.7%
Germany1,0075,1851,584739-9.8%
Sweden19281482848536.2%
Finland87.129146135159.1%
Netherlands16.760636.413299.2%
Latvia67.212993.181.56.6%
Mexico2.9N/A34980.0202.2%
United States11199.862279.5-10.5%
Poland19.870.785.978.458.2%
Taiwan (Chinese)2.20.42.855.1192.6%
Others796501533513-13.6%
Total2,5758,5065,5663,58811.7%

Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Estonia in 2022:

  1. China (23.9K units)
  2. Sweden (9.4K units)
  3. Germany (8.1K units)
  4. Finland (3.6K units)
  5. Taiwan (Chinese) (1.5K units)
  6. Mexico (0.9K units)
  7. Poland (0.9K units)
  8. Latvia (0.9K units)
  9. United States (0.6K units)
  10. Netherlands (0.2K units)

Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia

In 2022, exports of electric motors and generators from Estonia declined to 6.8K units, with a decrease of -14.8% on the previous year. Overall, exports saw a deep slump. The smallest decline of -4.3% was in 2021. The exports peaked at 9.4K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric motors and generators reduced to $854K in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 8.8% against the previous year. Over the period under review, the exports of hit record highs at $1.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden671495570553-6.2%
Russia27227025183.8-32.5%
Latvia17.66.316.618.41.5%
Egypt7.617.217.216.128.4%
United Kingdom6.74.72.99.512.3%
Finland13.131.145.06.4-21.2%
Germany1200.63.10.9-80.4%
Others57.042.938.216642.8%
Total1,165868944854-9.8%

Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Estonia in 2022:

  1. Sweden (4588.0 units)
  2. Russia (1169.0 units)
  3. United Kingdom (141.0 units)
  4. Latvia (138.0 units)
  5. Finland (137.0 units)
  6. Egypt (118.0 units)
  7. Germany (3.0 units)

Source: IndexBox Market Intelligence Platform

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