Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany (CIF) - 2023
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany (FOB) - 2023
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany (CIF) - 2023
In December 2023, the average import price for electric motors and generators amounted to $25.6 per unit, rising by 4.8% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in January 2023 an increase of 60% month-to-month. As a result, import price reached the peak level of $33.7 per unit. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($123 per unit), while the price for Malaysia ($3.7 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), 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 Germany (FOB) - 2023
The average export price for electric motors and generators stood at $33.3 per unit in December 2023, with an increase of 20% against the previous month. Overall, the export price, however, showed a mild decrease. Over the period under review, the average export prices attained the maximum at $40.9 per unit in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($58.2 per unit), while the average price for exports to Serbia ($7.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), 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 Germany
In 2022, the amount of electric motors and generators imported into Germany shrank to 89M units, reducing by -11.5% against the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of 101M units, and then fell in the following year.
In value terms, imports of electric motors and generators shrank to $1.8B in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $1.9B, and then fell in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 331 | 511 | 632 | 581 | 20.6% |
| China | 269 | 276 | 381 | 361 | 10.3% |
| Switzerland | 159 | 142 | 161 | 154 | -1.1% |
| Serbia | 58.0 | 44.3 | 49.5 | 86.6 | 14.3% |
| Netherlands | 69.2 | 76.2 | 73.6 | 83.3 | 6.4% |
| Poland | 77.4 | 71.8 | 78.7 | 82.7 | 2.2% |
| Romania | 47.2 | 62.9 | 74.1 | 68.6 | 13.3% |
| Italy | 34.5 | 35.9 | 50.5 | 42.3 | 7.0% |
| France | 31.3 | 26.6 | 32.7 | 35.8 | 4.6% |
| Czech Republic | 42.9 | 27.3 | 33.8 | 29.6 | -11.6% |
| Slovakia | 14.7 | 29.5 | 30.3 | 28.2 | 24.3% |
| Austria | 19.6 | 24.9 | 30.3 | 22.1 | 4.1% |
| Thailand | 18.9 | 16.0 | 21.1 | 15.6 | -6.2% |
| Others | 207 | 178 | 216 | 234 | 4.2% |
| Total | 1,380 | 1,522 | 1,863 | 1,824 | 9.7% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Germany in 2022:
- China (36.4M units)
- Hungary (8.9M units)
- Netherlands (8.4M units)
- Poland (6.7M units)
- Serbia (3.9M units)
- Italy (3.4M units)
- Romania (3.1M units)
- Switzerland (2.4M units)
- Czech Republic (2.2M units)
- Austria (2.2M units)
- Thailand (2.2M units)
- France (1.8M units)
- Slovakia (1.5M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany
In 2022, approx. 72M units of electric motors and generators were exported from Germany; which is down by -6.8% compared with the year before. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 77M units, and then fell in the following year.
In value terms, exports of electric motors and generators declined to $1.7B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $1.9B, and then contracted in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 195 | 210 | 226 | 174 | -3.7% |
| Czech Republic | 133 | 125 | 152 | 156 | 5.5% |
| United States | 148 | 134 | 139 | 140 | -1.8% |
| France | 121 | 105 | 135 | 120 | -0.3% |
| Hungary | 135 | 120 | 99.1 | 92.2 | -11.9% |
| Poland | 74.9 | 88.0 | 87.7 | 89.5 | 6.1% |
| Austria | 90.3 | 81.4 | 110 | 85.5 | -1.8% |
| Italy | 64.8 | 59.2 | 74.9 | 76.7 | 5.8% |
| Mexico | 51.6 | 52.9 | 62.7 | 56.6 | 3.1% |
| Slovakia | 36.2 | 48.6 | 68.1 | 53.0 | 13.6% |
| Spain | 72.5 | 43.2 | 48.6 | 41.9 | -16.7% |
| Romania | 17.7 | 18.3 | 19.8 | 20.1 | 4.3% |
| Others | 509 | 517 | 646 | 634 | 7.6% |
| Total | 1,649 | 1,603 | 1,870 | 1,738 | 1.8% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Germany in 2022:
- Czech Republic (12.8M units)
- France (8.7M units)
- Hungary (7.3M units)
- Italy (6.9M units)
- Slovakia (5.3M units)
- China (4.1M units)
- Poland (3.7M units)
- Spain (2.9M units)
- Mexico (2.7M units)
- United States (2.7M units)
- Romania (2.3M units)
- Austria (2.2M units)
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