Price for Electric Motors; of an Output Not Exceeding 37.5W in Sweden - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Sweden (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Sweden (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Sweden
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Sweden
Price for Electric Motors; of an Output Not Exceeding 37.5W in Sweden (CIF) - 2023
The average import price for electric motors stood at $18.9 per unit in November 2023, increasing by 3.4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 58% m-o-m. As a result, import price reached the peak level of $24.5 per unit. From August 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($51.1 per unit), while the price for Thailand ($4.2 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), 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 Sweden (FOB) - 2022
In 2022, the average export price for electric motors amounted to $47 per unit, flattening at the previous year. Over the period under review, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 12%. Over the period under review, the average export prices hit record highs at $57 per unit in 2013; however, from 2014 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 Finland ($88 per unit), while the average price for exports to Thailand ($8.8 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 Italy (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Sweden
In 2022, supplies from abroad of electric motors decreased by -5.3% to 4.7M units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 7.9% against the previous year. As a result, imports attained the peak of 5M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors expanded sharply to $78M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.1 | 25.7 | 27.0 | 24.5 | 5.1% |
| China | 10.1 | 9.1 | 11.2 | 13.6 | 10.4% |
| Italy | 3.0 | 3.4 | 2.3 | 6.1 | 26.7% |
| France | 5.9 | 5.7 | 6.9 | 5.8 | -0.6% |
| Switzerland | 4.2 | 4.3 | 5.0 | 3.6 | -5.0% |
| Slovenia | 1.3 | 2.3 | 2.2 | 3.2 | 35.0% |
| Thailand | 0.3 | 1.0 | 0.8 | 0.5 | 18.6% |
| Others | 18.4 | 17.6 | 17.5 | 20.7 | 4.0% |
| Total | 64.3 | 69.0 | 73.0 | 78.0 | 6.7% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Sweden in 2022:
- China (1163.0K units)
- France (1004.3K units)
- Germany (775.6K units)
- Italy (475.2K units)
- Switzerland (457.0K units)
- Slovenia (182.7K units)
- Thailand (124.5K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Sweden
In 2022, approx. 1.2M units of electric motors were exported from Sweden; increasing by 14% on the previous year. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of electric motors skyrocketed to $57M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.6 | 8.1 | 10.3 | 14.1 | 22.9% |
| Denmark | 4.2 | 4.2 | 5.1 | 6.5 | 15.7% |
| Norway | 3.4 | 2.7 | 3.5 | 3.7 | 2.9% |
| Finland | 3.2 | 3.2 | 2.9 | 3.0 | -2.1% |
| United Kingdom | 4.1 | 3.7 | 3.1 | 2.4 | -16.3% |
| Spain | 0.8 | 0.8 | 1.1 | 2.0 | 35.7% |
| Italy | 0.9 | 0.9 | 1.3 | 1.9 | 28.3% |
| Poland | 1.3 | 0.9 | 1.0 | 1.6 | 7.2% |
| Austria | 0.4 | 0.5 | 1.1 | 1.6 | 58.7% |
| France | 1.4 | 1.1 | 1.5 | 1.5 | 2.3% |
| Belgium | 0.8 | 0.8 | 0.9 | 1.1 | 11.2% |
| Slovakia | 0.1 | 0.2 | 0.5 | 0.5 | 71.0% |
| Thailand | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| Others | 14.3 | 13.7 | 16.2 | 16.3 | 4.5% |
| Total | 43.0 | 41.3 | 49.0 | 56.5 | 9.5% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Sweden in 2022:
- Germany (327.9K units)
- Denmark (118.2K units)
- Poland (86.4K units)
- Italy (65.1K units)
- Norway (47.8K units)
- Spain (47.7K units)
- Thailand (47.3K units)
- Belgium (42.7K units)
- Austria (37.3K units)
- United Kingdom (37.1K units)
- Finland (34.0K units)
- Slovakia (30.1K units)
- France (24.8K units)
531
This report provides an in-depth analysis of the dc motor market in Sweden.
513
This report provides an in-depth analysis of the ac/dc motor market in Sweden.
1146
This report provides an in-depth analysis of the global dc motor market.
1525
This report provides an in-depth analysis of the global ac/dc motor market.
531
This report provides an in-depth analysis of the dc motor market in Sweden.
513
This report provides an in-depth analysis of the ac/dc motor market in Sweden.
1146
This report provides an in-depth analysis of the global dc motor market.
1525
This report provides an in-depth analysis of the global ac/dc motor market.
237
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
237
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
