Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania - 2023

Contents:

1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania (FOB) - 2022
2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania (CIF) - 2022
3. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania
4. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania (FOB) - 2022

The average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $11,644 per unit in 2022, jumping by 21% against the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 51%. As a result, the export price attained the peak level of $21,502 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($33,529 per unit), while the average price for exports to Georgia ($594 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 Iran (+122.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania (CIF) - 2022

The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $3,540 per unit in 2022, reducing by -74.2% against the previous year. Over the period under review, the import price saw a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by 68%. The import price peaked at $21,911 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Finland ($31,565 per unit), while the price for Iceland ($59 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania

In 2022, shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -0.9% to 335 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 152% against the previous year. As a result, the exports attained the peak of 338 units, leveling off in the following year.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $3.9M in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Lithuania in 2022:

1. United Kingdom (143.0 units)
2. Georgia (50.0 units)
3. Russia (34.0 units)
4. Ukraine (19.0 units)
5. Germany (17.0 units)
6. Kyrgyzstan (16.0 units)
7. Kazakhstan (16.0 units)
8. Belarus (5.0 units)

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Lithuania

In 2022, imports of electric motors; ac motors, multi-phase, of an output exceeding 75kws into Lithuania surged to 624 units, increasing by 117% compared with 2021 figures. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs contracted markedly to $2.2M in 2022. Overall, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $4M, and then dropped sharply in the following year.

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Lithuania in 2022:

1. Norway (211.0 units)
2. Austria (158.0 units)
3. Czech Republic (70.0 units)
4. Germany (33.0 units)
5. Iceland (26.0 units)
6. Netherlands (22.0 units)
7. Brazil (18.0 units)
8. Italy (18.0 units)
9. Finland (13.0 units)
10. Denmark (12.0 units)

Source: IndexBox Market Intelligence Platform