Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (FOB) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (FOB) - 2022
The average export price for electric motors and generators stood at $1,291 per unit in 2022, reducing by -20.4% against the previous year. Overall, the export price continues to indicate a significant contraction. The growth pace was the most rapid in 2020 when the average export price increased by 1,914%. As a result, the export price reached the peak level of $57,154 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2,359 per unit), while the average price for exports to Vietnam ($13 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 Saudi Arabia (+13.0%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (CIF) - 2022
The average import price for electric motors and generators stood at $534 per unit in 2022, shrinking by -91.6% against the previous year. Overall, the import price recorded a sharp decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 279%. The import price peaked at $45,771 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,618 per unit), while the price for India ($298 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+69.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium
In 2022, the amount of electric motors and generators exported from Belgium totaled 367 units, increasing by 8.3% on the previous year. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 425% against the previous year. As a result, the exports reached the peak of 383 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of electric motors and generators declined to $474K in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 10,468%. As a result, the exports attained the peak of $22M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 0.5 | 29.0 | 5700.0% |
| United Kingdom | 0.1 | N/A | 53.2 | 26.0 | 538.3% |
| United States | 38.5 | 291 | N/A | 13.7 | -29.1% |
| Turkey | 11.2 | N/A | N/A | 10.1 | -3.4% |
| Saudi Arabia | N/A | N/A | N/A | 5.2 | 0% |
| South Korea | N/A | N/A | N/A | 3.5 | 0% |
| Kazakhstan | N/A | N/A | N/A | 3.5 | 0% |
| Italy | 0.1 | N/A | 1.4 | 2.2 | 180.2% |
| Hong Kong SAR | N/A | N/A | N/A | 2.2 | 0% |
| Peru | N/A | N/A | N/A | 1.2 | 0% |
| Vietnam | N/A | N/A | N/A | 0.9 | 0% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 0.8 | 0% |
| Armenia | N/A | N/A | N/A | 0.7 | 0% |
| Others | 157 | 21,599 | 495 | 375 | 33.7% |
| Total | 207 | 21,890 | 550 | 474 | 31.8% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Belgium in 2022:
- Sweden (92.0 units)
- Vietnam (69.0 units)
- Turkey (18.0 units)
- Peru (16.0 units)
- Hong Kong SAR (16.0 units)
- Armenia (13.0 units)
- Bosnia and Herzegovina (13.0 units)
- United Kingdom (11.0 units)
- Kazakhstan (11.0 units)
- United States (10.0 units)
- Saudi Arabia (10.0 units)
- South Korea (9.0 units)
- Italy (8.0 units)
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium
After three years of growth, purchases abroad of electric motors and generators decreased by -8.3% to 599 units in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 282%. Imports peaked at 653 units in 2021, and then dropped in the following year.
In value terms, imports of electric motors and generators reduced notably to $320K in 2022. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 227% against the previous year. As a result, imports reached the peak of $4.1M, and then dropped notably in the following year.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 0.3 | 117 | 140 | 2060.2% |
| United States | 7.2 | 916 | 2,969 | 63.7 | 106.8% |
| Switzerland | 4.5 | 1.8 | 71.5 | 37.1 | 102.0% |
| Sweden | N/A | N/A | N/A | 31.3 | 0% |
| United Kingdom | N/A | 0.1 | 124 | 24.2 | 1455.6% |
| China | 5.0 | 12.0 | 15.9 | 12.5 | 35.7% |
| Singapore | N/A | 122 | 49.2 | N/A | -59.7% |
| Others | 1,485 | 211 | 787 | 11.5 | -80.2% |
| Total | 1,502 | 1,263 | 4,134 | 320 | -40.3% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Belgium in 2022:
- India (468.0 units)
- Switzerland (43.0 units)
- Sweden (35.0 units)
- China (31.0 units)
- United States (6.0 units)
- United Kingdom (5.0 units)
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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...
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