Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (CIF) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (CIF) - 2023
In October 2023, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $86.8 per unit, which is down by -63.6% against the previous month. Over the period under review, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in June 2023 an increase of 689% m-o-m. As a result, import price reached the peak level of $399 per unit. From July 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($180 per unit), while the price for China amounted to $16.6 per unit.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.3%).
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $2,290 per unit, increasing by 6.9% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -29.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $3,238 per unit. From 2020 to 2022, the average export prices remained 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 the United States ($3,660 per unit), while the average price for exports to Sudan ($239 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 Romania (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India
For the fourth year in a row, India recorded growth in supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 103% to 10M units in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 163% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $118M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +51.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 18.9 | 44.4 | 77.9 | 58.7% |
| Others | 65.7 | 59.1 | 58.0 | 40.6 | -14.8% |
| Total | 85.1 | 78.0 | 102 | 118 | 11.5% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to India in 2022:
- China (10.2M units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India
For the fourth consecutive year, India recorded growth in shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 16% to 27K units in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +43.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $63M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 2.9 | 4.7 | 13.4 | 79.9% |
| Saudi Arabia | 0.6 | 0.9 | 2.1 | 4.1 | 89.8% |
| United Arab Emirates | 0.6 | 4.3 | 4.5 | 3.5 | 80.0% |
| Japan | 3.8 | 2.0 | 5.2 | 2.3 | -15.4% |
| Bangladesh | 4.7 | 2.3 | 0.9 | 1.9 | -26.1% |
| Egypt | 0.1 | 0.2 | 0.2 | 1.6 | 152.0% |
| Kenya | 1.1 | 1.1 | 1.4 | 1.4 | 8.4% |
| Romania | N/A | N/A | N/A | 1.0 | 0% |
| France | 0.3 | 0.4 | 0.1 | 0.9 | 44.2% |
| Taiwan (Chinese) | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
| Nepal | 0.5 | 0.2 | 0.6 | 0.5 | 0.0% |
| United Kingdom | 0.4 | 0.3 | N/A | 0.4 | 0.0% |
| Sudan | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 47.9 | 35.4 | 30.6 | 30.8 | -13.7% |
| Total | 62.1 | 50.2 | 50.7 | 63.0 | 0.5% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from India in 2022:
- United States (3.7K units)
- Saudi Arabia (3.0K units)
- Nepal (2.2K units)
- United Kingdom (1.5K units)
- Taiwan (Chinese) (1.4K units)
- United Arab Emirates (1.2K units)
- Sudan (1.2K units)
- Bangladesh (1.0K units)
- Romania (0.9K units)
- Japan (0.8K units)
- Kenya (0.7K units)
- Egypt (0.6K units)
- France (0.6K units)
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This report provides an in-depth analysis of the ac/dc motor market in India.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
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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
1290
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
128
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
833
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1210
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
