Price for Electric Motors; of an Output Not Exceeding 37.5W in Romania - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Romania (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Romania (FOB) - 2023
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Romania
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Romania
Price for Electric Motors; of an Output Not Exceeding 37.5W in Romania (CIF) - 2022
In 2022, the average import price for electric motors amounted to $3.6 per unit, with a decrease of -14.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the average import price increased by 30% against the previous year. The import price peaked at $4.4 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 France ($16 per unit), while the price for Ireland ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.1%), 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 Romania (FOB) - 2023
In December 2023, the average export price for electric motors amounted to $11.9 per unit, waning by -4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices hit record highs at $12.8 per unit in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($16.3 per unit), while the average price for exports to Mexico ($6.6 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+10.5%), 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 Romania
Imports of electric motors into Romania fell slightly to 40M units in 2022, which is down by -1.6% on the year before. Overall, imports saw a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 11%. Over the period under review, imports of attained the maximum at 46M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric motors dropped dramatically to $144M in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports of reached the maximum at $181M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 18.7 | 21.9 | 31.9 | 30.7 | 18.0% |
| China | 21.4 | 22.5 | 35.7 | 28.2 | 9.6% |
| Germany | 54.8 | 42.7 | 42.2 | 25.0 | -23.0% |
| Austria | 2.1 | 7.6 | 10.3 | 11.8 | 77.8% |
| Slovakia | 5.7 | 6.8 | 9.8 | 11.1 | 24.9% |
| Switzerland | 6.8 | 5.3 | 8.3 | 8.7 | 8.6% |
| Italy | 4.5 | 4.5 | 7.9 | 5.9 | 9.4% |
| Japan | 0.5 | 1.5 | 1.8 | 2.7 | 75.4% |
| Czech Republic | 4.5 | 3.1 | 3.6 | 2.6 | -16.7% |
| Thailand | 2.8 | 1.8 | 2.3 | 1.8 | -13.7% |
| Hungary | 7.5 | 6.6 | 2.3 | 1.1 | -47.3% |
| Poland | 26.0 | 6.7 | 1.1 | 0.8 | -68.7% |
| Others | 25.3 | 9.7 | 13.2 | 13.1 | -19.7% |
| Total | 181 | 141 | 171 | 144 | -7.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Romania in 2022:
- Germany (12.3M units)
- China (11.1M units)
- Austria (6.7M units)
- France (2.0M units)
- Japan (1.5M units)
- Slovakia (1.1M units)
- Italy (0.8M units)
- Thailand (0.8M units)
- Switzerland (0.7M units)
- Czech Republic (0.6M units)
- Hungary (0.3M units)
- Poland (0.1M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Romania
In 2022, after three years of growth, there was significant decline in overseas shipments of electric motors, when their volume decreased by -31.6% to 11M units. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 7.9%. Over the period under review, the exports of attained the maximum at 17M units in 2021, and then reduced remarkably in the following year.
In value terms, exports of electric motors reduced to $108M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of $117M, and then reduced in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.8 | 27.5 | 33.5 | 30.1 | 8.1% |
| Poland | 27.2 | 21.9 | 19.9 | 19.7 | -10.2% |
| Denmark | 3.0 | 4.0 | 7.9 | 15.9 | 74.4% |
| Italy | 9.6 | 12.2 | 10.6 | 7.6 | -7.5% |
| Austria | 2.7 | 6.5 | 5.6 | 6.1 | 31.2% |
| Slovakia | 13.8 | 9.9 | 12.2 | 6.1 | -23.8% |
| China | 3.0 | 4.0 | 5.8 | 5.2 | 20.1% |
| Netherlands | 6.9 | 5.1 | 5.8 | 4.2 | -15.3% |
| United States | 2.8 | 2.5 | 4.5 | 4.0 | 12.6% |
| Others | 14.4 | 11.6 | 11.7 | 9.4 | -13.3% |
| Total | 107 | 105 | 117 | 108 | 0.3% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Romania in 2022:
- Germany (3.5M units)
- Italy (2.2M units)
- Denmark (1.8M units)
- Poland (1.2M units)
- United States (0.5M units)
- Austria (0.4M units)
- China (0.4M units)
- Netherlands (0.3M units)
- Slovakia (0.3M units)
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