Price for Electric Motors; of an Output Not Exceeding 37.5W in Ireland - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ireland (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ireland (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ireland
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ireland
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ireland (FOB) - 2022
The average export price for electric motors stood at $12 per unit in 2022, with an increase of 25% against the previous year. Over the period under review, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 32%. The export price peaked at $30 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($84 per unit), while the average price for exports to China ($6 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 the United Arab Emirates (+8.3%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ireland (CIF) - 2022
The average import price for electric motors stood at $16 per unit in 2022, growing by 20% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 471% against the previous year. Over the period under review, average import prices attained the peak figure at $32 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($29 per unit), while the price for Germany ($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 Vietnam (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ireland
In 2022, the amount of electric motors exported from Ireland expanded modestly to 5.5M units, picking up by 1.5% compared with 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 186% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of electric motors skyrocketed to $64M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.1 | 6.0 | 12.3 | 25.6 | 36.3% |
| South Korea | 6.0 | 6.9 | 9.9 | 11.6 | 24.6% |
| United Kingdom | 1.1 | 0.9 | 12.0 | 10.9 | 114.8% |
| China | 1.0 | 5.6 | 8.2 | 9.2 | 109.5% |
| Brazil | 0.2 | 0.6 | 1.4 | 1.2 | 81.7% |
| Others | 6.1 | 6.0 | 6.5 | 5.5 | -3.4% |
| Total | 24.5 | 26.1 | 50.4 | 63.9 | 37.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Ireland in 2022:
- United States (1662.2K units)
- China (1536.9K units)
- United Kingdom (1186.3K units)
- South Korea (844.4K units)
- Brazil (186.8K units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ireland
For the third consecutive year, Ireland recorded decline in overseas purchases of electric motors, which decreased by -6.7% to 2.7M units in 2022. In general, imports continue to indicate a precipitous decrease. The smallest decline of -6.1% was in 2021. Imports peaked at 26M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors rose rapidly to $42M in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.5% 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 +56.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.2 | 11.5 | 11.9 | 15.2 | 68.1% |
| China | 6.2 | 7.0 | 12.9 | 10.9 | 20.7% |
| United Kingdom | 4.4 | 3.2 | 3.8 | 5.5 | 7.7% |
| United States | 2.1 | 1.7 | 2.6 | 2.8 | 10.1% |
| Germany | 20.3 | 0.8 | 1.2 | 1.6 | -57.1% |
| Switzerland | 0.5 | 0.1 | 1.1 | 1.5 | 44.2% |
| Netherlands | 0.2 | 0.4 | 0.9 | 1.1 | 76.5% |
| Japan | 0.7 | 0.6 | 1.0 | 0.6 | -5.0% |
| France | 0.1 | N/A | 0.2 | 0.6 | 81.7% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Hong Kong SAR | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Others | 1.1 | 1.3 | 1.5 | 1.7 | 15.6% |
| Total | 39.3 | 27.1 | 37.8 | 42.3 | 2.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Ireland in 2022:
- Vietnam (714.0K units)
- China (507.9K units)
- Germany (376.9K units)
- United States (290.0K units)
- United Kingdom (258.8K units)
- Netherlands (115.1K units)
- Japan (90.4K units)
- Hong Kong SAR (68.6K units)
- France (62.6K units)
- Taiwan (Chinese) (62.2K units)
- Switzerland (52.0K units)
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