Price for Electric Motors; of an Output Not Exceeding 37.5W in New Zealand - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in New Zealand (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in New Zealand (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in New Zealand
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in New Zealand
Price for Electric Motors; of an Output Not Exceeding 37.5W in New Zealand (CIF) - 2022
The average import price for electric motors stood at $74 per unit in 2022, jumping by 28% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric motors increased by +111.1% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($666 per unit), while the price for Thailand ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.1%), 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 New Zealand (FOB) - 2022
In 2022, the average export price for electric motors amounted to $121 per unit, increasing by 11% against the previous year. In general, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $152 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($476 per unit), while the average price for exports to Australia ($36 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 Canada (+9.5%), 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 New Zealand
In 2022, the amount of electric motors imported into New Zealand amounted to 166K units, therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of electric motors skyrocketed to $12M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,386 | 1,458 | 2,172 | 2,768 | 25.9% |
| Vietnam | 233 | 164 | 161 | 2,010 | 105.1% |
| United States | 1,027 | 607 | 1,590 | 1,902 | 22.8% |
| Australia | 334 | 752 | 1,094 | 947 | 41.5% |
| Brazil | 114 | 405 | 671 | 815 | 92.6% |
| Switzerland | 679 | 437 | 547 | 610 | -3.5% |
| Germany | 805 | 839 | 616 | 558 | -11.5% |
| Austria | 271 | 129 | 443 | 476 | 20.7% |
| Italy | 169 | 347 | 249 | 365 | 29.3% |
| Taiwan (Chinese) | 264 | 258 | 377 | 296 | 3.9% |
| Japan | 318 | 196 | 340 | 287 | -3.4% |
| South Korea | 166 | 97.7 | 109 | 176 | 2.0% |
| Czech Republic | 23.9 | 1,255 | 38.4 | 14.7 | -15.0% |
| Others | 1,035 | 894 | 1,045 | 967 | -2.2% |
| Total | 6,824 | 7,838 | 9,454 | 12,192 | 21.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to New Zealand in 2022:
- China (83.9K units)
- Vietnam (19.4K units)
- Taiwan (Chinese) (10.9K units)
- Australia (8.2K units)
- Switzerland (7.5K units)
- Austria (5.7K units)
- Italy (5.5K units)
- Germany (4.8K units)
- Japan (3.3K units)
- United States (2.9K units)
- South Korea (2.7K units)
- Brazil (2.6K units)
- Czech Republic (0.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in New Zealand
In 2022, approx. 9.1K units of electric motors were exported from New Zealand; dropping by -14.9% on the previous year's figure. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 262%. As a result, the exports reached the peak of 11K units, and then fell in the following year.
In value terms, exports of electric motors declined to $1.1M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 161% against the previous year. As a result, the exports attained the peak of $1.2M, and then contracted in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.0 | 21.8 | 258 | 423 | 313.1% |
| Australia | 140 | 165 | 545 | 172 | 7.1% |
| United States | 56.2 | 81.5 | 87.5 | 139 | 35.2% |
| Hong Kong SAR | 0.1 | 0.3 | 0.3 | 115 | 947.7% |
| Fiji | 80.5 | 60.0 | 73.9 | 60.9 | -8.9% |
| United Kingdom | 22.4 | 20.6 | 40.5 | 44.0 | 25.2% |
| Canada | 18.6 | 28.7 | 8.0 | 39.3 | 28.3% |
| Others | 198 | 67.2 | 147 | 104 | -19.3% |
| Total | 521 | 445 | 1,160 | 1,097 | 28.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from New Zealand in 2022:
- Australia (4.8K units)
- Hong Kong SAR (1.0K units)
- Singapore (0.9K units)
- United Kingdom (0.8K units)
- United States (0.6K units)
- Canada (0.3K units)
- Fiji (0.2K units)
248
This report provides an in-depth analysis of the dc motor market in New Zealand.
320
This report provides an in-depth analysis of the ac/dc motor market in New Zealand.
1146
This report provides an in-depth analysis of the global dc motor market.
1524
This report provides an in-depth analysis of the global ac/dc motor market.
248
This report provides an in-depth analysis of the dc motor market in New Zealand.
320
This report provides an in-depth analysis of the ac/dc motor market in New Zealand.
1146
This report provides an in-depth analysis of the global dc motor market.
1524
This report provides an in-depth analysis of the global ac/dc motor market.
236
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
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
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
236
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
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
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
