Asia: Dc Motor Market 2024

Dc Motor Market Size in Asia

For the sixth consecutive year, the Asian DC motor market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Dc Motor Production in Asia

In value terms, DC motor production reached $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Dc Motor Exports

Exports in Asia

DC motor exports declined modestly to X units in 2023, dropping by X% against the year before. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, DC motor exports contracted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X units) and Thailand (X units), together creating a X% share of total exports. The following exporters - South Korea (X units), Singapore (X units), Japan (X units) and Taiwan (Chinese) (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to DC motor exports from China stood at X%. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (X%), Singapore (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest DC motor supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, DC motor exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Dc Motor Imports

Imports in Asia

In 2023, purchases abroad of DC motors decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports saw a perceptible descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, DC motor imports shrank to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X units) and Hong Kong SAR (X units) represented the key importers of DC motors in Asia, together amounting to approx. X% of total imports. India (X units) ranks next in terms of the total imports with a X% share, followed by Thailand (X%), South Korea (X%) and Vietnam (X%). Malaysia (X units), Singapore (X units), Turkey (X units), Indonesia (X units), the Philippines (X units), Taiwan (Chinese) (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Thailand, India, Vietnam, Hong Kong SAR, Malaysia, Turkey, Taiwan (Chinese), Singapore, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. Import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, DC motor import price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 an increase of X%. The level of import peaked at $X per unit in 2022, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform