Price for Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic
Price for Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic (CIF) - 2023
The average import price for electric motors stood at $3.3 per unit in December 2023, surging by 1.8% against the previous month. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 37% month-to-month. As a result, import price attained the peak level of $3.8 per unit. From October 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($5.8 per unit), while the price for Poland ($838 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.9%), 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 the Czech Republic (FOB) - 2022
The average export price for electric motors stood at $9.7 per unit in 2022, dropping by -13.1% against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2017 an increase of 7.8% against the previous year. Over the period under review, the average export prices hit record highs at $12 per unit in 2012; however, from 2013 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 Denmark ($26 per unit), while the average price for exports to Slovakia ($3.6 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 (+8.2%), 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 the Czech Republic
In 2022, imports of electric motors into the Czech Republic declined to 149M units, remaining relatively unchanged against the previous year's figure. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 3.6% against the previous year. Over the period under review, imports of hit record highs at 177M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors dropped to $481M in 2022. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $513M, and then reduced in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 112 | 159 | 186 | 170 | 14.9% |
| Switzerland | 55.5 | 53.0 | 58.2 | 56.5 | 0.6% |
| Italy | 53.5 | 46.7 | 50.4 | 47.4 | -4.0% |
| China | 107 | 29.6 | 42.1 | 45.8 | -24.6% |
| France | 34.1 | 26.3 | 29.6 | 32.1 | -2.0% |
| Japan | 16.7 | 17.5 | 22.6 | 26.7 | 16.9% |
| Indonesia | 18.1 | 8.0 | 12.8 | 20.7 | 4.6% |
| Austria | 27.5 | 16.4 | 17.2 | 16.5 | -15.7% |
| Hungary | 22.2 | 36.5 | 36.8 | 14.3 | -13.6% |
| Poland | 4.2 | 5.6 | 8.1 | 11.1 | 38.3% |
| Others | 44.4 | 45.8 | 48.5 | 39.9 | -3.5% |
| Total | 495 | 444 | 513 | 481 | -1.0% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to the Czech Republic in 2022:
- Germany (71.6M units)
- Switzerland (17.4M units)
- China (14.7M units)
- Italy (9.0M units)
- Hungary (6.5M units)
- Austria (6.0M units)
- France (5.7M units)
- Indonesia (4.8M units)
- Japan (4.6M units)
- Poland (3.5M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic
Exports of electric motors from the Czech Republic surged to 19M units in 2022, picking up by 15% compared with the previous year. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 reached $184M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 42.5 | 27.9 | 30.1 | 32.8 | -8.3% |
| Hungary | 8.7 | 9.0 | 16.8 | 26.7 | 45.3% |
| France | 23.6 | 24.4 | 21.2 | 20.3 | -4.9% |
| United States | 12.4 | 13.6 | 19.8 | 18.9 | 15.1% |
| Slovakia | 14.1 | 14.8 | 17.9 | 17.5 | 7.5% |
| Poland | 7.4 | 7.3 | 11.0 | 11.1 | 14.5% |
| United Kingdom | 24.0 | 18.0 | 9.2 | 9.6 | -26.3% |
| China | 2.1 | 7.8 | 10.7 | 7.1 | 50.1% |
| Turkey | 9.4 | 6.5 | 7.1 | 6.1 | -13.4% |
| Romania | 4.8 | 3.6 | 3.5 | 4.5 | -2.1% |
| Others | 32.6 | 35.1 | 36.2 | 29.3 | -3.5% |
| Total | 181 | 168 | 183 | 184 | 0.5% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from the Czech Republic in 2022:
- Slovakia (4.8M units)
- Hungary (3.6M units)
- Germany (2.6M units)
- United States (1.6M units)
- France (1.0M units)
- United Kingdom (0.9M units)
- Romania (0.8M units)
- Poland (0.7M units)
- China (0.7M units)
- Turkey (0.5M units)
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