Price for Electric Motors; of an Output Not Exceeding 37.5W in Egypt - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Egypt (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Egypt (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Egypt
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Egypt
Price for Electric Motors; of an Output Not Exceeding 37.5W in Egypt (CIF) - 2022
In 2022, the average import price for electric motors amounted to $5.7 per unit, growing by 2.9% against the previous year. In general, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 6.9% against the previous year. Over the period under review, average import prices attained the maximum at $50 per unit in 2012; however, from 2013 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 India ($42 per unit), while the price for China ($4.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Egypt (FOB) - 2022
In 2022, the average export price for electric motors amounted to $92 per unit, shrinking by -2.3% against the previous year. Overall, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 11% against the previous year. The export price peaked at $110 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($82 per unit), while the average price for exports to Turkey ($82 per unit) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+16.7%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Egypt
In 2022, the amount of electric motors imported into Egypt rose remarkably to 4.6M units, with an increase of 6.4% against the previous year's figure. The total import volume increased at an average annual rate of +8.4% 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 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors rose markedly to $26M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +46.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.6 | 11.1 | 12.7 | 17.6 | 11.8% |
| Vietnam | 3.1 | 4.9 | 3.4 | 6.1 | 25.3% |
| Others | 3.2 | 1.8 | 7.8 | 2.5 | -7.9% |
| Total | 18.9 | 17.9 | 23.9 | 26.1 | 11.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Egypt in 2022:
- China (4.1M units)
- Vietnam (0.4M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Egypt
For the fourth consecutive year, Egypt recorded growth in overseas shipments of electric motors, which increased by 27% to 5.7K units in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of electric motors soared to $518K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 173 | 0% |
| Italy | 57.3 | 83.0 | 246 | 148 | 37.2% |
| Turkey | 112 | 129 | 139 | 145 | 9.0% |
| Sudan | 22.7 | 0.3 | N/A | N/A | -98.7% |
| Others | 0.5 | 8.3 | 32.8 | 53.1 | 373.6% |
| Total | 192 | 221 | 418 | 518 | 39.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Egypt in 2022:
- Kuwait (2.1K units)
- Turkey (1.8K units)
- Italy (1.8K units)
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