Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (CIF) - 2022
The average import price for electric motors and generators stood at $9.1 per unit in 2022, with an increase of 11% against the previous year. In general, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the peak figure at $21 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($107 per unit), while the price for China ($5.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (FOB) - 2022
The average export price for electric motors and generators stood at $307 per unit in 2022, rising by 22% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 39%. As a result, the export price attained the peak level of $362 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($708 per unit), while the average price for exports to France ($60 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 China (+16.7%), 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 Vietnam
After three years of growth, overseas purchases of electric motors and generators decreased by -14.6% to 26M units in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +37.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports of hit record highs at 31M units in 2021, and then shrank in the following year.
In value terms, imports of electric motors and generators reduced to $238M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of $252M, and then reduced in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.6 | 119 | 162 | 139 | 29.1% |
| Hungary | 68.9 | 51.2 | 71.1 | 66.0 | -1.4% |
| Germany | 16.0 | 3.3 | 2.5 | 15.8 | -0.4% |
| Others | 24.2 | 14.3 | 15.8 | 17.3 | -10.6% |
| Total | 174 | 187 | 252 | 238 | 11.0% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Vietnam in 2022:
- China (25.1M units)
- Hungary (0.6M units)
- Germany (0.2M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam
Exports of electric motors and generators from Vietnam shrank remarkably to 431K units in 2022, falling by -24.3% against 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 113% against the previous year. As a result, the exports attained the peak of 569K units, and then reduced dramatically in the following year.
In value terms, exports of electric motors and generators shrank to $132M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% 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 +65.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports attained the peak of $143M, and then declined in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.5 | 4.9 | 30.0 | 29.1 | 32.5% |
| Japan | 5.9 | 14.6 | 25.8 | 25.0 | 61.8% |
| China | 21.3 | 28.2 | 30.0 | 18.6 | -4.4% |
| South Korea | 8.6 | 15.0 | 14.7 | 17.1 | 25.7% |
| Mexico | 2.1 | 4.4 | 9.3 | 11.4 | 75.7% |
| France | 5.8 | 6.7 | 7.2 | 5.8 | 0.0% |
| Thailand | 2.1 | 7.2 | 10.1 | 2.5 | 6.0% |
| Malaysia | N/A | 0.1 | 0.7 | 2.1 | 358.3% |
| Others | 21.5 | 15.6 | 15.2 | 20.5 | -1.6% |
| Total | 79.8 | 96.6 | 143 | 132 | 18.3% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Vietnam in 2022:
- United States (132.0K units)
- France (97.0K units)
- China (62.2K units)
- Japan (35.4K units)
- Malaysia (27.5K units)
- South Korea (24.1K units)
- Mexico (16.1K units)
- Thailand (7.1K units)
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