Price for Electric Motors; of an Output Not Exceeding 37.5W in Pakistan - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Pakistan
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Pakistan
Price for Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (CIF) - 2023
The average import price for electric motors stood at $24.9 per unit in July 2023, with an increase of 41% against the previous month. Over the period from August 2022 to July 2023, it increased at an average monthly rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to July 2023, the rate of growth in terms of prices for China amounted to +1.6% per month.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (FOB) - 2022
In 2022, the average export price for electric motors amounted to $19 per unit, dropping by -18.9% against the previous year. Overall, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 216%. Over the period under review, the average export prices reached the maximum at $67 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($50 per unit), while the average price for exports to Mozambique ($1.7 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 Malawi (+11.3%), 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 Pakistan
Imports of electric motors into Pakistan dropped to 1.4M units in 2022, shrinking by -10.2% on the previous year's figure. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of 1.5M units, and then dropped in the following year.
In value terms, imports of electric motors reduced to $19M 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 +14.2% 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 +48.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports reached the peak of $21M, and then dropped in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 10.2 | 17.3 | 16.6 | 18.4% |
| Australia | 1.3 | 1.7 | 1.3 | 0.9 | -11.5% |
| Japan | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Latvia | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 1.0 | 0.8 | 1.2 | 0.9 | -3.5% |
| Total | 12.8 | 13.1 | 20.7 | 19.1 | 14.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Pakistan in 2022:
- China (1205.9K units)
- Australia (31.4K units)
- Latvia (21.2K units)
- South Korea (19.2K units)
- Japan (18.9K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Pakistan
In 2022, the amount of electric motors exported from Pakistan soared to 9.9K units, picking up by 11,567% compared with 2021. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors soared to $189K in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 0.3 | 1.8 | 1.1 | 137 | 670.1% |
| Malawi | 0.2 | 1.0 | 0.5 | 35.5 | 462.0% |
| Saudi Arabia | N/A | 0.1 | N/A | 2.2 | 369.0% |
| Kuwait | N/A | N/A | N/A | 0.7 | 0% |
| Others | 3.3 | 0.8 | 0.3 | 14.4 | 63.4% |
| Total | 3.9 | 3.7 | 2.0 | 189 | 264.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Pakistan in 2022:
- Bangladesh (8.2K units)
- Malawi (0.7K units)
- Saudi Arabia (0.6K units)
- Kuwait (0.2K units)
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