Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (FOB) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (FOB) - 2023
In September 2023, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $6,620 per unit, reducing by -3% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 6.8% m-o-m. As a result, the export price attained the peak level of $7,385 per unit; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was China ($11,927 per unit), while the average price for exports to South Korea ($4,064 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $1,565 per unit, reducing by -24.1% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 37% against the previous year. The import price peaked at $4,056 per unit in 2013; however, from 2014 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 Germany ($6,053 per unit), while the price for France ($582 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), 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 the Philippines
In 2022, overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -15.8% to 69K units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. The exports peaked at 82K units in 2021, and then dropped rapidly in the following year.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs rose rapidly to $45M in 2022. Over the period under review, exports continue to indicate a abrupt descent. The exports peaked at $57M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.8 | 13.1 | 12.5 | 19.0 | -7.2% |
| United States | 24.4 | 19.4 | 17.3 | 16.3 | -12.6% |
| Japan | 8.7 | 8.6 | 6.4 | 4.0 | -22.8% |
| South Korea | N/A | 0.2 | 3.5 | 3.5 | 318.3% |
| India | N/A | N/A | N/A | 1.6 | 0% |
| Others | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Total | 57.3 | 41.7 | 39.8 | 44.6 | -8.0% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from the Philippines in 2022:
- United States (49.6K units)
- Japan (13.9K units)
- India (2.7K units)
- China (2.0K units)
- South Korea (0.7K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines
In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs imported into the Philippines surged to 9.6K units, with an increase of 61% on the year before. Over the period under review, imports recorded a strong 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 soared to $15M in 2022. In general, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.3 | 1.8 | 5.0 | 24.4% |
| Taiwan (Chinese) | 2.2 | 1.7 | 7.0 | 3.6 | 17.8% |
| Japan | 3.8 | 1.5 | 0.5 | 1.6 | -25.0% |
| South Korea | 0.8 | 0.4 | 1.0 | 1.5 | 23.3% |
| India | 0.7 | N/A | N/A | 0.6 | -5.0% |
| Finland | 0.4 | 0.1 | 0.3 | 0.4 | 0.0% |
| United States | 0.8 | 0.5 | 0.4 | 0.4 | -20.6% |
| Germany | 1.4 | 0.8 | 0.3 | 0.4 | -34.1% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.5 | 1.1 | 1.1 | 1.4 | 40.9% |
| Total | 13.3 | 8.5 | 12.4 | 15.1 | 4.3% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to the Philippines in 2022:
- China (6529.0 units)
- Taiwan (Chinese) (1174.0 units)
- South Korea (455.0 units)
- India (346.0 units)
- France (278.0 units)
- Finland (246.0 units)
- Japan (120.0 units)
- Germany (73.0 units)
- United States (34.0 units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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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
