Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (FOB) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (FOB) - 2022
The average export price for electric motors and generators stood at $80 per unit in 2022, declining by -13.6% against the previous year. Overall, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $93 per unit in 2021, and then declined in the following year.
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 Austria ($328 per unit), while the average price for exports to Ukraine ($4.5 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 Spain (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $11 per unit, with a decrease of -26.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 40% against the previous year. The import price peaked at $23 per unit in 2017; however, from 2018 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 Japan ($122 per unit), while the price for the Netherlands ($5.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary
In 2022, approx. 15M units of electric motors and generators were exported from Hungary; with an increase of 13% on 2021 figures. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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 shrank to $1.2B in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $1.2B, and then shrank slightly in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 326 | 462 | 674 | 644 | 25.5% |
| Netherlands | 92.6 | 119 | 166 | 156 | 19.0% |
| Bulgaria | 31.3 | 34.7 | 52.7 | 86.8 | 40.5% |
| Austria | 46.7 | 65.1 | 86.5 | 77.6 | 18.4% |
| Czech Republic | 39.0 | 44.1 | 43.6 | 61.3 | 16.3% |
| Poland | 64.5 | 27.3 | 40.1 | 46.8 | -10.1% |
| Spain | 8.9 | 11.4 | 15.9 | 17.9 | 26.2% |
| Ukraine | 4.8 | 8.6 | 13.5 | 12.0 | 35.7% |
| Romania | 2.1 | 3.0 | 1.2 | 11.0 | 73.7% |
| China | 18.0 | 27.0 | 13.9 | 6.7 | -28.1% |
| Slovakia | 1.0 | 3.3 | 3.6 | 4.3 | 62.6% |
| South Africa | 1.6 | 1.9 | 2.2 | 2.0 | 7.7% |
| Others | 63.6 | 66.6 | 115 | 72.4 | 4.4% |
| Total | 700 | 874 | 1,228 | 1,199 | 19.6% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Hungary in 2022:
- Germany (5.2M units)
- Ukraine (2.6M units)
- Czech Republic (2.1M units)
- Poland (1.4M units)
- Romania (0.6M units)
- Netherlands (0.6M units)
- Slovakia (0.5M units)
- Bulgaria (0.3M units)
- South Africa (0.2M units)
- Austria (0.2M units)
- China (0.2M units)
- Spain (0.2M units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary
In 2022, approx. 22M units of electric motors and generators were imported into Hungary; with an increase of 29% against 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors and generators dropped slightly to $253M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of $266M, and then contracted slightly in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 129 | 107 | 96.8 | 88.0 | -12.0% |
| China | 18.2 | 26.7 | 41.8 | 49.5 | 39.6% |
| Serbia | 9.3 | 6.6 | 15.3 | 18.1 | 24.9% |
| Slovakia | 10.3 | 10.8 | 19.6 | 17.0 | 18.2% |
| Netherlands | 2.1 | 4.7 | 9.0 | 14.7 | 91.3% |
| Poland | 7.4 | 7.4 | 9.8 | 10.1 | 10.9% |
| Czech Republic | 1.6 | 4.0 | 5.7 | 4.8 | 44.2% |
| Others | 63.2 | 53.3 | 68.4 | 51.0 | -6.9% |
| Total | 241 | 221 | 266 | 253 | 1.6% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Hungary in 2022:
- Germany (9.7M units)
- China (6.0M units)
- Netherlands (2.5M units)
- Poland (1.5M units)
- Serbia (0.7M units)
- Slovakia (0.5M units)
- Czech Republic (0.4M units)
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