Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway (CIF) - 2022
The average import price for electric motors and generators stood at $130 per unit in 2022, surging by 13% against the previous year. Overall, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $195 per unit. From 2015 to 2022, the average import prices remained 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 the United States ($476 per unit), while the price for China ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.2%), 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 Norway (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $455 per unit, dropping by -17% against the previous year. Overall, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2013 an increase of 335% against the previous year. Over the period under review, the average export prices attained the maximum at $548 per unit in 2021, and then reduced remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($1,662 per unit), while the average price for exports to Poland ($86 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 Faroe Islands (+41.1%), 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 Norway
In 2022, the amount of electric motors and generators imported into Norway shrank to 137K units, waning by -14.9% against 2021. In general, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 161K units, and then reduced in the following year.
In value terms, imports of electric motors and generators fell modestly to $18M in 2022. Overall, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.9 | 5.2 | 5.8 | 3.8 | -18.0% |
| China | 2.3 | 2.0 | 3.0 | 2.8 | 6.8% |
| United States | 1.4 | 1.0 | 1.4 | 2.4 | 19.7% |
| Canada | 0.1 | 0.2 | 0.3 | 1.1 | 122.4% |
| Sweden | 0.6 | 0.6 | 0.9 | 1.0 | 18.6% |
| Slovakia | 0.3 | 0.4 | 0.7 | 0.8 | 38.7% |
| Denmark | 1.8 | 1.3 | 1.1 | 0.7 | -27.0% |
| Italy | 0.3 | 0.4 | 0.3 | 0.6 | 26.0% |
| Poland | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| United Kingdom | 1.0 | 0.6 | 0.9 | 0.2 | -41.5% |
| Taiwan (Chinese) | 0.3 | 0.5 | 0.1 | 0.1 | -30.7% |
| Brazil | 0.6 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 3.6 | 3.6 | 3.7 | 8.5% |
| Total | 18.9 | 15.9 | 18.5 | 17.7 | -2.2% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Norway in 2022:
- China (62.9K units)
- Germany (16.5K units)
- Slovakia (12.2K units)
- Denmark (7.5K units)
- United States (5.1K units)
- Sweden (4.5K units)
- Canada (3.6K units)
- Poland (3.1K units)
- Italy (2.9K units)
- Taiwan (Chinese) (0.7K units)
- Brazil (0.6K units)
- United Kingdom (0.6K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway
After three years of growth, overseas shipments of electric motors and generators decreased by -22.9% to 25K units in 2022. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, 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% against the previous year. As a result, the exports attained the peak of 32K units, and then dropped sharply in the following year.
In value terms, exports of electric motors and generators fell significantly to $11M in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 93% against the previous year. The exports peaked at $18M in 2021, and then contracted dramatically in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,147 | 1,342 | 1,416 | 1,697 | 13.9% |
| Vietnam | 236 | 155 | 194 | 1,067 | 65.4% |
| Turkey | 822 | 1,413 | 1,625 | 942 | 4.6% |
| Denmark | 511 | 1,184 | 677 | 776 | 14.9% |
| Netherlands | 311 | 404 | 461 | 586 | 23.5% |
| Sweden | 156 | 280 | 537 | 580 | 54.9% |
| United States | 154 | 962 | 241 | 456 | 43.6% |
| Finland | 70.0 | 49.6 | 83.4 | 227 | 48.0% |
| Spain | 475 | 458 | 3,339 | 177 | -28.0% |
| Poland | 59.8 | 317 | 320 | 168 | 41.1% |
| Luxembourg | 618 | 108 | 62.0 | 146 | -38.2% |
| China | 54.5 | 179 | 200 | 139 | 36.6% |
| Lithuania | 37.1 | 70.2 | 239 | 12.7 | -30.0% |
| Others | 2,261 | 6,428 | 8,209 | 4,292 | 23.8% |
| Total | 6,913 | 13,349 | 17,604 | 11,265 | 17.7% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Norway in 2022:
- Germany (7.1K units)
- Netherlands (2.7K units)
- Vietnam (2.6K units)
- Denmark (2.0K units)
- Poland (2.0K units)
- Sweden (1.9K units)
- Turkey (1.4K units)
- China (0.7K units)
- Finland (0.5K units)
- United States (0.5K units)
- Luxembourg (0.4K units)
- Spain (0.3K units)
- Lithuania (0.1K units)
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