Price for Electric Motors; of an Output Not Exceeding 37.5W in Denmark - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Denmark (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Denmark (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Denmark
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Denmark
Price for Electric Motors; of an Output Not Exceeding 37.5W in Denmark (CIF) - 2023
The average import price for electric motors stood at $29.8 per unit in December 2023, dropping by -29.2% against the previous month. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 30% m-o-m. As a result, import price reached the peak level of $46.1 per unit. From August 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($71.1 per unit), while the price for the UK ($1.9 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 Sweden (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Denmark (FOB) - 2022
In 2022, the average export price for electric motors amounted to $61 per unit, increasing by 6.5% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($155 per unit), while the average price for exports to Slovakia ($9.5 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 Italy (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Denmark
In 2022, purchases abroad of electric motors decreased by -36.3% to 2M units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 5.2% against the previous year. As a result, imports reached the peak of 3.9M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors contracted to $82M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, imports reached the peak of $91M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.0 | 18.7 | 21.8 | 21.1 | 3.6% |
| Slovenia | 17.0 | 31.6 | 21.3 | 19.0 | 3.8% |
| China | 4.9 | 5.6 | 7.2 | 7.9 | 17.3% |
| Czech Republic | 7.7 | 8.7 | 7.5 | 7.6 | -0.4% |
| Sweden | 4.5 | 6.3 | 10.2 | 7.3 | 17.5% |
| Italy | 12.0 | 10.0 | 8.8 | 2.3 | -42.3% |
| India | 1.4 | 1.4 | 1.5 | 1.6 | 4.6% |
| United Kingdom | 1.1 | 1.2 | 1.3 | 1.1 | 0.0% |
| Others | 8.7 | 7.9 | 9.0 | 14.0 | 17.2% |
| Total | 76.2 | 91.3 | 88.6 | 81.7 | 2.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Denmark in 2022:
- Germany (407.6K units)
- China (323.2K units)
- Slovenia (285.3K units)
- Czech Republic (269.9K units)
- Sweden (220.9K units)
- India (185.9K units)
- United Kingdom (67.1K units)
- Italy (46.1K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Denmark
In 2022, shipments abroad of electric motors decreased by -7.4% to 868K units, falling for the second year in a row after two years of growth. Overall, exports showed a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 9.6%. As a result, the exports attained the peak of 1.1M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electric motors declined modestly to $53M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 10%. As a result, the exports reached the peak of $54M, and then declined slightly in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.1 | 6.3 | 6.7 | 6.8 | 10.1% |
| France | 2.3 | 4.8 | 5.3 | 4.1 | 21.3% |
| United States | 2.3 | 2.1 | 2.2 | 3.9 | 19.2% |
| China | 8.0 | 4.3 | 3.9 | 3.9 | -21.3% |
| United Kingdom | 2.3 | 2.4 | 3.9 | 3.8 | 18.2% |
| United Arab Emirates | 1.3 | 1.7 | 2.5 | 3.4 | 37.8% |
| Poland | 3.3 | 3.4 | 4.6 | 3.3 | 0.0% |
| Netherlands | 1.7 | 1.5 | 2.0 | 2.3 | 10.6% |
| Italy | 1.2 | 1.2 | 1.6 | 1.9 | 16.6% |
| Sweden | 1.6 | 1.3 | 1.2 | 1.6 | 0.0% |
| Australia | 0.2 | 0.3 | 0.5 | 1.2 | 81.7% |
| Slovakia | 0.2 | 0.7 | 1.1 | 0.9 | 65.1% |
| Turkey | 0.5 | 0.5 | 1.0 | 0.5 | 0.0% |
| Others | 16.3 | 18.4 | 17.3 | 15.5 | -1.7% |
| Total | 46.2 | 48.9 | 53.8 | 53.0 | 4.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Denmark in 2022:
- France (100.0K units)
- United Kingdom (97.3K units)
- Slovakia (93.2K units)
- Germany (79.4K units)
- United Arab Emirates (62.2K units)
- Poland (42.9K units)
- United States (33.6K units)
- Netherlands (31.6K units)
- Australia (26.3K units)
- Italy (25.6K units)
- China (25.4K units)
- Sweden (22.7K units)
- Turkey (19.0K units)
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