Price for Electric Motors; of an Output Not Exceeding 37.5W in Ukraine - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (CIF) - 2023
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ukraine
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ukraine
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (CIF) - 2023
The average import price for electric motors stood at $4.4 per unit in December 2023, declining by -35% against the previous month. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 131% m-o-m. The import price peaked at $7.7 per unit in December 2022; however, from January 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 the Czech Republic ($6.0 per unit), while the price for China ($3.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ireland (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (FOB) - 2022
In 2022, the average export price for electric motors amounted to $5.6 per unit, waning by -34% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 72% against the previous year. As a result, the export price reached the peak level of $29 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($23 per unit), while the average price for exports to Hungary ($2.7 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 Russia (+20.3%), 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 Ukraine
In 2022, approx. 6.3M units of electric motors were imported into Ukraine; declining by -2.8% on 2021. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 245%. As a result, imports attained the peak of 6.5M units, and then reduced modestly in the following year.
In value terms, imports of electric motors reduced dramatically to $22M in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 90%. As a result, imports reached the peak of $32M, and then contracted dramatically in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.5 | 14.8 | 13.1 | 45.0% |
| Switzerland | 5.1 | 6.6 | 8.2 | 4.3 | -5.5% |
| Ireland | 0.3 | 1.1 | 1.6 | 1.4 | 67.1% |
| Germany | 1.6 | 1.2 | 1.2 | 0.6 | -27.9% |
| Thailand | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
| Others | 3.8 | 4.1 | 5.4 | 2.4 | -14.2% |
| Total | 15.4 | 16.8 | 32.0 | 22.4 | 13.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Ukraine in 2022:
- China (5.7M units)
- Ireland (0.2M units)
- Thailand (0.1M units)
- Switzerland (0.1M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ukraine
For the fourth year in a row, Ukraine recorded growth in shipments abroad of electric motors, which increased by 114% to 229K units in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 204% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of electric motors skyrocketed to $1.3M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 193%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 89.1 | 27.6 | 165 | 570 | 85.6% |
| Hungary | 16.3 | 96.3 | 419 | 519 | 217.0% |
| Moldova | 10.8 | 19.4 | 18.1 | 22.7 | 28.1% |
| Belarus | 74.7 | 6.6 | 8.1 | 0.2 | -86.1% |
| Slovakia | 18.3 | 0.3 | 0.7 | 0.1 | -82.4% |
| Others | 340 | 157 | 292 | 161 | -22.1% |
| Total | 549 | 308 | 903 | 1,274 | 32.4% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Ukraine in 2022:
- Hungary (194.4K units)
- Poland (24.3K units)
- Moldova (4.3K units)
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