Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia (CIF) - 2022
The average import price for electric motors and generators stood at $39 per unit in 2022, falling by -16.4% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 66%. As a result, import price attained the peak level of $46 per unit, and then declined dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($319 per unit), while the price for Italy ($8.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+24.2%), 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 Slovakia (FOB) - 2022
The average export price for electric motors and generators stood at $16 per unit in 2022, reducing by -14.5% against the previous year. Overall, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of 43%. As a result, the export price reached the peak level of $32 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($20 per unit), while the average price for exports to Slovenia ($5.1 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 Brazil (+1.8%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia
In 2022, the amount of electric motors and generators imported into Slovakia expanded markedly to 11M units, surging by 5.4% against 2021 figures. The total import volume increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors and generators shrank to $439M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 91% against the previous year. Imports peaked at $498M in 2021, and then declined in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1.2 | 66.7 | 212 | 227 | 474.0% |
| Germany | 63.2 | 156 | 182 | 98.8 | 16.1% |
| Czech Republic | 2.6 | 8.3 | 27.6 | 19.6 | 96.1% |
| China | 12.0 | 5.9 | 12.8 | 15.3 | 8.4% |
| Italy | 4.1 | 4.3 | 5.5 | 10.9 | 38.5% |
| France | 4.4 | 7.7 | 9.4 | 8.8 | 26.0% |
| South Korea | 24.6 | 21.7 | 11.7 | 7.6 | -32.4% |
| Others | 47.6 | 34.4 | 37.8 | 50.2 | 1.8% |
| Total | 160 | 305 | 498 | 439 | 40.0% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Slovakia in 2022:
- Germany (4.5M units)
- Czech Republic (1.5M units)
- Italy (1.3M units)
- France (1.0M units)
- Hungary (0.7M units)
- South Korea (0.7M units)
- China (0.6M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia
In 2022, approx. 9M units of electric motors and generators were exported from Slovakia; surging by 11% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of electric motors and generators contracted to $143M in 2022. The total export value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 34% against the previous year. The exports peaked at $150M in 2021, and then reduced in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 43.9 | 43.8 | 51.3 | 52.2 | 5.9% |
| Denmark | 33.1 | 36.1 | 37.2 | 33.2 | 0.1% |
| Turkey | 0.1 | 17.2 | 23.0 | 23.4 | 516.2% |
| Germany | 6.0 | 10.3 | 10.6 | 11.5 | 24.2% |
| Spain | 7.5 | 11.6 | 11.1 | 8.1 | 2.6% |
| Slovenia | N/A | 5.7 | 6.2 | 5.5 | -1.8% |
| India | N/A | 1.1 | 3.4 | 2.5 | 50.8% |
| Others | 11.5 | 11.4 | 7.3 | 6.2 | -18.6% |
| Total | 102 | 137 | 150 | 143 | 11.9% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Slovakia in 2022:
- Poland (3.2M units)
- Denmark (1.7M units)
- Turkey (1.4M units)
- Slovenia (1.1M units)
- Germany (0.6M units)
- Spain (0.5M units)
- India (0.2M units)
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