Price for Electric Motors; AC Motors, Single-Phase in Sweden - 2023

Price for Electric Motors; AC Motors, Single-Phase in Sweden (CIF) - 2023

The average import price for electric motors; AC motors, single-phases stood at $47.0 per unit in June 2023, increasing by 27% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 31% m-o-m. Over the period under review, average import prices hit record highs at $48.7 per unit in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Denmark ($63.8 per unit), while the price for Brazil ($10.3 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 Denmark (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Single-Phase in Sweden (FOB) - 2023

In June 2023, the average export price for electric motors; AC motors, single-phases amounted to $97.2 per unit, rising by 89% against the previous month. Overall, export price indicated a modest increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. 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 export price increased by +89.1% against May 2023 indices. The export price peaked at $123 per unit in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($439 per unit), while the average price for exports to Bulgaria ($20.5 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors; AC Motors, Single-Phase in Sweden

In 2022, imports of electric motors; AC motors, single-phases into Sweden shrank rapidly to 584K units, falling by -23.7% compared with the year before. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 765K units, and then dropped dramatically in the following year.

In value terms, electric motors; AC motors, single-phase imports contracted slightly to $21M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $22M, and then declined slightly in the following year.

Import of Electric Motors; AC Motors, Single-Phase in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	6.1	6.4	7.7	6.3	1.1%
China	3.5	3.4	4.9	4.4	7.9%
Germany	3.2	2.7	3.1	3.5	3.0%
Italy	1.0	1.2	2.3	2.1	28.1%
South Korea	1.2	0.8	0.8	1.4	5.3%
Taiwan (Chinese)	0.3	0.2	0.3	0.6	26.0%
Others	2.4	2.6	3.1	2.8	5.3%
Total	17.7	17.3	22.0	21.1	6.0%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to Sweden in 2022:

China (362.9K units)
Germany (67.1K units)
Netherlands (51.4K units)
Italy (39.8K units)
South Korea (22.2K units)
Taiwan (Chinese) (11.8K units)

Exports of Electric Motors; AC Motors, Single-Phase in Sweden

After three years of growth, shipments abroad of electric motors; AC motors, single-phases decreased by -25.3% to 45K units in 2022. Overall, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports reached the peak of 61K units, and then dropped rapidly in the following year.

In value terms, electric motors; AC motors, single-phase exports declined to $6.6M in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $7.1M, and then dropped in the following year.

Export of Electric Motors; AC Motors, Single-Phase in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,662	1,718	1,949	1,913	4.8%
Norway	949	1,178	1,491	1,087	4.6%
Denmark	459	583	1,234	809	20.8%
Finland	175	623	408	545	46.0%
United States	100	106	195	336	49.8%
Estonia	69.6	35.5	177	252	53.6%
Poland	296	337	368	198	-12.5%
Spain	34.6	66.4	90.3	173	71.0%
United Kingdom	142	135	206	166	5.3%
China	141	141	182	164	5.2%
Lithuania	8.4	12.0	33.4	138	154.2%
Italy	45.2	27.0	72.8	134	43.7%
France	47.8	49.6	50.7	55.7	5.2%
Others	731	536	595	610	-5.9%
Total	4,862	5,548	7,052	6,578	10.6%