Price for Electric Motors; of an Output Not Exceeding 37.5W in Qatar - 2023

Contents:

  1. Price for Electric Motors; of an Output Not Exceeding 37.5W in Qatar (CIF) - 2022
  2. Imports of Electric Motors; of an Output Not Exceeding 37.5W in Qatar

Price for Electric Motors; of an Output Not Exceeding 37.5W in Qatar (CIF) - 2022

The average import price for electric motors stood at $70 per unit in 2022, with an increase of 9.4% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2015 an increase of 45%. Over the period under review, average import prices hit record highs at $379 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 the United States ($146 per unit), while the price for the Czech Republic ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.6%), while the prices for the other major suppliers experienced a decline.

Imports of Electric Motors; of an Output Not Exceeding 37.5W in Qatar

In 2022, the amount of electric motors imported into Qatar expanded markedly to 88K units, picking up by 6.8% on the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of electric motors skyrocketed to $6.1M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19%. 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 Qatar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1683025641,406103.0%
China32443364186838.9%
United States2,381995798809-30.2%
Switzerland5416157356446.0%
Germany4115334065026.9%
Mexico1,246874644398-31.6%
Czech RepublicN/A47.8546298149.7%
South Korea36.066.894.416867.1%
Others8875488101,0275.0%
Total5,9934,4165,2386,1210.7%

Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Qatar in 2022:

  1. India (25.5K units)
  2. China (21.6K units)
  3. Czech Republic (10.0K units)
  4. Switzerland (8.0K units)
  5. United States (5.5K units)
  6. Mexico (4.7K units)
  7. South Korea (4.2K units)
  8. Germany (3.5K units)

Source: IndexBox Market Intelligence Platform

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