Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (CIF) - 2022
The average import price for electric motors and generators stood at $75 per unit in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($551 per unit), while the price for the Czech Republic ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (FOB) - 2022
The average export price for electric motors and generators stood at $104 per unit in 2022, shrinking by -47.1% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked at $234 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($621 per unit), while the average price for exports to Lithuania ($32 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 Norway (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland
In 2022, imports of electric motors and generators into Finland dropped to 185K units, which is down by -5.3% on 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 196K units, and then contracted in the following year.
In value terms, imports of electric motors and generators totaled $14M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 1.8 | 3.1 | 2.9 | 13.2% |
| Germany | 2.8 | 1.5 | 1.9 | 2.0 | -10.6% |
| Netherlands | N/A | 0.4 | 0.8 | 1.6 | 100.0% |
| Sweden | 0.9 | 1.2 | 1.5 | 1.4 | 15.9% |
| China | 1.3 | 1.3 | 2.5 | 1.0 | -8.4% |
| Czech Republic | 0.7 | 0.7 | 0.8 | 0.6 | -5.0% |
| Belgium | 0.6 | 1.1 | 0.5 | 0.6 | 0.0% |
| Canada | N/A | N/A | N/A | 0.2 | 0% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 2.5 | 1.7 | 1.5 | 3.4 | 10.8% |
| Total | 10.8 | 9.8 | 12.9 | 13.9 | 8.8% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Finland in 2022:
- Czech Republic (40.4K units)
- China (29.8K units)
- Germany (29.3K units)
- Netherlands (18.7K units)
- Sweden (13.9K units)
- Japan (10.0K units)
- Canada (8.6K units)
- Belgium (3.9K units)
- Taiwan (Chinese) (1.6K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland
Exports of electric motors and generators from Finland declined significantly to 14K units in 2022, which is down by -28% compared with 2021 figures. Overall, exports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports attained the peak of 19K units, and then dropped dramatically in the following year.
In value terms, exports of electric motors and generators fell rapidly to $1.4M in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $3.7M, and then dropped markedly in the following year.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 481 | 301 | 354 | 325 | -12.3% |
| Russia | 337 | 227 | 542 | 254 | -9.0% |
| Belgium | 39.6 | 134 | 566 | 94.3 | 33.5% |
| Poland | 72.6 | 61.0 | 60.2 | 81.8 | 4.1% |
| Germany | 121 | 141 | 86.4 | 80.7 | -12.6% |
| United States | 64.5 | 200 | 178 | 73.9 | 4.6% |
| Latvia | 46.0 | 32.2 | 40.2 | 48.6 | 1.8% |
| Norway | 29.7 | 46.9 | 196 | 39.7 | 10.2% |
| Lithuania | 39.4 | 44.2 | 31.6 | 32.4 | -6.3% |
| Israel | N/A | 55.7 | 71.3 | 6.5 | -65.8% |
| Singapore | N/A | 357 | 313 | 4.3 | -89.0% |
| Others | 494 | 779 | 1,276 | 376 | -8.7% |
| Total | 1,724 | 2,378 | 3,715 | 1,417 | -6.3% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Finland in 2022:
- Estonia (5.8K units)
- Russia (1.8K units)
- Poland (1.7K units)
- Lithuania (1.0K units)
- Latvia (1.0K units)
- Belgium (0.6K units)
- Germany (0.3K units)
- Norway (0.2K units)
- Israel (0.1K units)
- United States (0.1K units)
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1201
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