Price for Electric Motors; of an Output Not Exceeding 37.5W in Portugal - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Portugal (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Portugal (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Portugal
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Portugal
Price for Electric Motors; of an Output Not Exceeding 37.5W in Portugal (CIF) - 2022
The average import price for electric motors stood at $5.7 per unit in 2022, growing by 9.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
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 Spain ($16 per unit), while the price for Germany ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Portugal (FOB) - 2022
In 2022, the average export price for electric motors amounted to $18 per unit, shrinking by -33.6% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $121 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($110 per unit), while the average price for exports to Switzerland ($8.3 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 Spain (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas purchases of electric motors, which increased by 16% to 15M units in 2022. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors skyrocketed to $87M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 14.9 | 21.3 | 27.6 | 39.3 | 38.2% |
| China | 11.2 | 13.8 | 11.6 | 12.4 | 3.5% |
| Germany | 7.9 | 10.0 | 11.5 | 11.3 | 12.7% |
| Spain | 6.3 | 6.2 | 7.4 | 7.2 | 4.6% |
| Slovakia | 1.8 | 1.0 | 2.4 | 5.6 | 46.0% |
| Poland | 2.1 | 1.7 | 2.1 | 2.2 | 1.6% |
| Others | 6.5 | 6.6 | 5.9 | 9.5 | 13.5% |
| Total | 50.6 | 60.5 | 68.5 | 87.3 | 19.9% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Portugal in 2022:
- Germany (5.7M units)
- China (4.2M units)
- Switzerland (3.1M units)
- Slovakia (0.9M units)
- Spain (0.5M units)
- Poland (0.3M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Portugal
In 2022, approx. 619K units of electric motors were exported from Portugal; increasing by 69% compared with the year before. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors rose significantly to $11M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.9 | 4.5 | 6.1 | 6.9 | 33.5% |
| Switzerland | 1.7 | 1.9 | 1.9 | 2.0 | 5.6% |
| Germany | 0.5 | 0.3 | 0.6 | 0.6 | 6.3% |
| Italy | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 1.7 | 1.2 | 1.3 | 1.6 | -2.0% |
| Total | 7.2 | 8.2 | 9.9 | 11.1 | 15.5% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Portugal in 2022:
- Netherlands (344.3K units)
- Switzerland (235.9K units)
- Germany (26.8K units)
- Italy (0.4K units)
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