Price for Electric Motors; AC Motors, Single-Phase in Pakistan - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Pakistan (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Pakistan (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Pakistan
- Exports of Electric Motors; AC Motors, Single-Phase in Pakistan
Price for Electric Motors; AC Motors, Single-Phase in Pakistan (CIF) - 2023
The average import price for electric motors; AC motors, single-phases stood at $20.2 per unit in February 2023, reducing by -35% against the previous month. In general, the import price saw a deep slump. The growth pace was the most rapid in July 2022 an increase of 19% m-o-m. Over the period under review, average import prices reached the peak figure at $41.2 per unit in March 2022; however, from April 2022 to February 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to -5.5% per month.
Price for Electric Motors; AC Motors, Single-Phase in Pakistan (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $28 per unit, rising by 23% against the previous year. Overall, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices attained the maximum at $53 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($30 per unit), while the average price for exports to the United Arab Emirates ($22 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 the United Arab Emirates (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; AC Motors, Single-Phase in Pakistan
In 2022, the amount of electric motors; AC motors, single-phases imported into Pakistan shrank significantly to 910K units, which is down by -42.3% on the previous year's figure. Overall, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports hit record highs at 2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric motors; AC motors, single-phase imports contracted to $29M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $32M, and then fell in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 23.6 | 30.2 | 26.6 | -0.9% |
| Canada | 0.6 | 1.1 | 1.3 | 1.8 | 44.2% |
| Others | 0.9 | 0.6 | 0.8 | 0.8 | -3.9% |
| Total | 28.8 | 25.4 | 32.3 | 29.3 | 0.6% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Pakistan in 2022:
- China (854.3K units)
- Canada (38.3K units)
Exports of Electric Motors; AC Motors, Single-Phase in Pakistan
In 2022, the amount of electric motors; AC motors, single-phases exported from Pakistan surged to 259 units, increasing by 34% on the previous year's figure. Over the period under review, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 decreased by -19.6% against 2020 indices. The exports peaked at 322 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase exports soared to $7.3K in 2022. Overall, exports, however, saw a deep contraction. The exports peaked at $10K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.3 | 9.1 | 3.9 | 6.6 | -3.3% |
| Bangladesh | 0.5 | 0.6 | 0.2 | 0.3 | -15.7% |
| Poland | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.5 | 0.3 | 0.4 | 10.1% |
| Total | 8.7 | 10.2 | 4.4 | 7.3 | -5.7% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Pakistan in 2022:
- United Kingdom (222.0 units)
- Bangladesh (14.0 units)
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