Price for Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands
Price for Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (CIF) - 2023
The average import price for electric motors stood at $2.8 per unit in December 2023, with a decrease of -4.2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 21% m-o-m. Over the period under review, average import prices hit record highs at $3.0 per unit in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($3.3 per unit), while the price for Vietnam ($525 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 India (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (FOB) - 2022
In 2022, the average export price for electric motors amounted to $53 per unit, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($99 per unit), while the average price for exports to Italy ($19 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 the Czech Republic (+14.0%), 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 Netherlands
For the fourth consecutive year, the Netherlands recorded growth in supplies from abroad of electric motors, which increased by 3.3% to 22M units in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 178%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of electric motors expanded remarkably to $336M in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 83% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.6 | 130 | 115 | 159 | 88.9% |
| Germany | 30.4 | 30.6 | 36.2 | 31.7 | 1.4% |
| United States | 15.8 | 18.0 | 18.3 | 21.6 | 11.0% |
| Switzerland | 16.2 | 19.5 | 23.4 | 20.3 | 7.8% |
| Vietnam | 2.6 | 15.4 | 15.7 | 15.6 | 81.7% |
| Japan | 15.1 | 16.2 | 17.5 | 12.9 | -5.1% |
| Italy | 2.1 | 6.5 | 14.5 | 12.7 | 82.2% |
| United Kingdom | 1.6 | 1.4 | 4.5 | 10.8 | 89.0% |
| France | 3.2 | 3.8 | 4.8 | 5.7 | 21.2% |
| Thailand | 10.9 | 7.0 | 7.9 | 5.1 | -22.4% |
| Others | 33.2 | 34.7 | 55.1 | 40.9 | 7.2% |
| Total | 155 | 283 | 313 | 336 | 29.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to the Netherlands in 2022:
- China (9.7M units)
- Vietnam (3.7M units)
- United States (1.8M units)
- Germany (1.4M units)
- Italy (1.0M units)
- Thailand (0.8M units)
- Japan (0.6M units)
- United Kingdom (0.4M units)
- Switzerland (0.4M units)
- France (0.3M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands
In 2022, shipments abroad of electric motors decreased by -8.9% to 5.5M units, falling for the second year in a row after two years of growth. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports attained the peak of 6.5M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of electric motors expanded sharply to $291M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 111%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.9 | 139 | 126 | 119 | 75.8% |
| United States | 17.2 | 15.1 | 19.0 | 24.9 | 13.1% |
| France | 5.2 | 9.2 | 16.8 | 19.4 | 55.1% |
| Italy | 12.4 | 12.1 | 15.7 | 15.6 | 8.0% |
| Czech Republic | 1.1 | 1.5 | 2.6 | 11.3 | 117.4% |
| China | 3.5 | 3.8 | 8.2 | 9.6 | 40.0% |
| Switzerland | 6.1 | 5.8 | 8.2 | 8.6 | 12.1% |
| Poland | 4.3 | 3.9 | 5.3 | 8.1 | 23.5% |
| United Kingdom | 8.3 | 13.1 | 6.8 | 6.5 | -7.8% |
| Belgium | 4.3 | 9.2 | 8.4 | 4.8 | 3.7% |
| Romania | 0.2 | 2.2 | 3.0 | 4.5 | 182.3% |
| Austria | 1.0 | 2.4 | 2.2 | 4.1 | 60.1% |
| Denmark | 1.4 | 2.0 | 5.1 | 3.7 | 38.3% |
| Others | 35.2 | 37.5 | 40.5 | 50.9 | 13.1% |
| Total | 122 | 257 | 268 | 291 | 33.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from the Netherlands in 2022:
- Germany (1922.7K units)
- France (810.9K units)
- Italy (808.5K units)
- United States (372.9K units)
- China (169.3K units)
- Romania (151.2K units)
- Switzerland (139.2K units)
- Czech Republic (114.3K units)
- United Kingdom (112.0K units)
- Poland (107.6K units)
- Denmark (90.3K units)
- Austria (90.3K units)
- Belgium (51.6K units)
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