Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain (CIF) - 2023
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain (CIF) - 2023
In December 2023, the average import price for electric motors and generators amounted to $31.2 per unit, surging by 13% against the previous month. Over the period under review, the import price, however, saw a noticeable downturn. The growth pace was the most rapid in February 2023 when the average import price increased by 31% against the previous month. Over the period under review, average import prices reached the maximum at $42.9 per unit in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($116 per unit), while the price for Serbia ($9.9 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 South Korea (+2.7%), 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 Spain (FOB) - 2022
The average export price for electric motors and generators stood at $31 per unit in 2022, increasing by 25% against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($111 per unit), while the average price for exports to France ($14 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 Germany (+5.4%), 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 Spain
In 2022, approx. 6.8M units of electric motors and generators were imported into Spain; with an increase of 4.9% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of electric motors and generators surged to $210M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.2 | 28.2 | 40.9 | 43.9 | 31.7% |
| France | 28.0 | 17.0 | 15.7 | 36.0 | 8.7% |
| Germany | 32.7 | 19.2 | 22.4 | 23.1 | -10.9% |
| Slovakia | 3.0 | 18.1 | 16.2 | 15.4 | 72.5% |
| Morocco | 1.4 | 6.6 | 4.8 | 12.4 | 106.9% |
| Hungary | 3.5 | 3.7 | 7.4 | 12.2 | 51.6% |
| Italy | 3.2 | 2.6 | 9.2 | 9.3 | 42.7% |
| Denmark | 11.5 | 11.3 | 13.2 | 9.1 | -7.5% |
| Czech Republic | 6.5 | 5.3 | 6.4 | 7.5 | 4.9% |
| Poland | 0.2 | N/A | 2.6 | 5.5 | 201.8% |
| Romania | 1.6 | 2.0 | 2.2 | 3.0 | 23.3% |
| Vietnam | 2.5 | 2.4 | 2.1 | 2.1 | -5.6% |
| South Korea | 3.2 | 2.2 | 2.0 | 2.1 | -13.1% |
| Others | 24.4 | 15.2 | 22.4 | 28.6 | 5.4% |
| Total | 141 | 134 | 167 | 210 | 14.2% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Spain in 2022:
- China (1547.4K units)
- Germany (1084.5K units)
- Slovakia (721.2K units)
- France (699.3K units)
- Morocco (557.5K units)
- Denmark (480.7K units)
- Czech Republic (298.9K units)
- Italy (291.0K units)
- South Korea (266.4K units)
- Vietnam (187.1K units)
- Poland (170.9K units)
- Romania (140.3K units)
- Hungary (134.5K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain
For the third consecutive year, Spain recorded decline in overseas shipments of electric motors and generators, which decreased by -32.6% to 1.1M units in 2022. In general, exports showed a significant decline. The smallest decline of -27.9% was in 2021. Over the period under review, the exports of hit record highs at 3.6M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors and generators contracted remarkably to $35M in 2022. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.6%. The exports peaked at $96M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 19.2 | 11.2 | 9.7 | 8.3 | -24.4% |
| Portugal | 8.9 | 10.8 | 11.6 | 8.1 | -3.1% |
| Netherlands | 0.3 | 1.7 | 1.3 | 2.4 | 100.0% |
| Germany | 3.9 | 1.2 | 2.8 | 2.3 | -16.1% |
| Italy | 1.8 | 0.6 | 1.3 | 1.5 | -5.9% |
| Mexico | 37.3 | 0.7 | 1.3 | 1.3 | -67.3% |
| Brazil | 2.0 | 0.8 | 1.1 | 1.1 | -18.1% |
| Denmark | N/A | N/A | N/A | 1.1 | 0% |
| Turkey | 2.5 | 1.7 | 0.7 | 0.1 | -65.8% |
| Others | 19.8 | 10.6 | 12.2 | 9.3 | -22.3% |
| Total | 95.8 | 39.3 | 41.9 | 35.4 | -28.2% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Spain in 2022:
- France (588.6K units)
- Portugal (231.9K units)
- Brazil (54.8K units)
- Germany (39.5K units)
- Denmark (30.9K units)
- Mexico (29.4K units)
- Italy (22.5K units)
- Netherlands (21.2K units)
- Turkey (5.5K units)
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1222
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