Price for Electric Motors; AC Motors, Single-Phase in Spain - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Spain (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Spain (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Spain
- Exports of Electric Motors; AC Motors, Single-Phase in Spain
Price for Electric Motors; AC Motors, Single-Phase in Spain (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $25.9 per unit, waning by -5% against the previous month. Overall, import price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, electric motors; AC motors, single-phase import price increased by +24.1% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 31% m-o-m. As a result, import price attained the peak level of $27.3 per unit, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Tunisia ($32.0 per unit), while the price for China ($13.4 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Single-Phase in Spain (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $43 per unit, declining by -18.2% against the previous year. In general, the export price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 81%. As a result, the export price attained the peak level of $73 per unit. From 2017 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 ($104 per unit), while the average price for exports to Australia ($12 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 Poland (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Spain
In 2022, electric motors; ac motors, single-phase imports into Spain reached 2.9M units, approximately reflecting the year before. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 3.1M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase imports fell to $75M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 47%. Over the period under review, imports attained the peak figure at $83M in 2021, and then shrank in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.3 | 21.0 | 33.9 | 30.4 | 16.4% |
| Italy | 9.8 | 9.6 | 11.2 | 11.7 | 6.1% |
| France | 10.2 | 26.5 | 13.8 | 10.5 | 1.0% |
| Tunisia | 5.4 | 6.7 | 9.2 | 6.2 | 4.7% |
| Thailand | 0.1 | 2.7 | 4.1 | 6.0 | 291.5% |
| Germany | 3.6 | 2.6 | 3.0 | 3.6 | 0.0% |
| Vietnam | 1.5 | 1.7 | 1.8 | 2.3 | 15.3% |
| Others | 5.0 | 9.9 | 5.9 | 4.6 | -2.7% |
| Total | 54.9 | 80.6 | 82.9 | 75.3 | 11.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Spain in 2022:
- China (1332.4K units)
- France (443.4K units)
- Thailand (404.1K units)
- Italy (290.2K units)
- Tunisia (153.6K units)
- Vietnam (118.2K units)
- Germany (73.1K units)
Exports of Electric Motors; AC Motors, Single-Phase in Spain
In 2022, electric motors; ac motors, single-phase exports from Spain skyrocketed to 404K units, rising by 43% against the year before. In general, exports, however, showed a dramatic decrease. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase exports soared to $18M in 2022. Overall, exports, however, continue to indicate a precipitous decrease. Over the period under review, the exports hit record highs at $67M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.1 | 0.9 | 2.5 | 3.7 | 49.8% |
| Portugal | 2.6 | 3.2 | 3.0 | 2.8 | 2.5% |
| France | 0.8 | 1.7 | 1.4 | 1.2 | 14.5% |
| Poland | 0.7 | 0.9 | 1.0 | 1.1 | 16.3% |
| Australia | 1.5 | 1.6 | 0.7 | 1.0 | -12.6% |
| United States | 0.1 | 0.3 | 0.3 | 0.8 | 100.0% |
| Germany | 1.0 | 0.7 | 0.8 | 0.8 | -7.2% |
| Morocco | 0.1 | 0.4 | 0.5 | 0.7 | 91.3% |
| Chile | 26.8 | 0.2 | 0.3 | 0.3 | -77.6% |
| Serbia | 0.2 | 0.3 | 0.5 | 0.2 | 0.0% |
| Kazakhstan | 9.9 | N/A | N/A | N/A | 0% |
| Peru | 4.6 | N/A | N/A | N/A | 0% |
| Others | 18.0 | 4.9 | 3.9 | 4.9 | -35.2% |
| Total | 67.3 | 15.0 | 15.0 | 17.5 | -36.2% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Spain in 2022:
- Portugal (112.4K units)
- Australia (85.0K units)
- Italy (68.8K units)
- France (31.6K units)
- Germany (15.3K units)
- Morocco (12.1K units)
- Serbia (10.9K units)
- Poland (10.7K units)
- United States (10.7K units)
- Chile (3.3K units)
- Peru (0.1K units)
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This report provides an in-depth analysis of the ac/dc motor market in Spain.
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This report provides an in-depth analysis of the global ac/dc motor market.
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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
80
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
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...
1201
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
