Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (FOB) - 2023
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (CIF) - 2022
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (FOB) - 2023
The average export price for electric motors and generators stood at $6,824 per unit in December 2022, jumping by 622% against the previous month. Overall, the export price, however, recorded a deep reduction. The export price peaked at $9,069 per unit in September 2022; afterwards, it flattened through to December 2022.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From September 2022 to December 2022, the rate of growth in terms of prices for Ukraine amounted to +621.7% per month.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (CIF) - 2022
The average import price for electric motors and generators stood at $1,355 per unit in 2022, falling by -9.7% against the previous year. In general, the import price recorded a dramatic setback. The most prominent rate of growth was recorded in 2015 an increase of 756%. The import price peaked at $15,448 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 the United States ($4,376 per unit), while the price for Belgium ($168 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+27.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary
After two years of decline, shipments abroad of electric motors and generators increased by 754% to 205 units in 2022. Overall, exports, however, showed a sharp downturn. The exports peaked at 5.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors and generators surged to $220K in 2022. Over the period under review, exports, however, showed a sharp setback. The exports peaked at $7.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 0.2 | 0% |
| Germany | 7.7 | 0.1 | N/A | N/A | -98.7% |
| Others | N/A | 0.4 | 0.1 | N/A | -75.0% |
| Total | 7.8 | 0.5 | 0.1 | 0.2 | -70.5% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Hungary in 2022:
- Ukraine (204.0 units)
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary
In 2022, imports of electric motors and generators into Hungary shrank dramatically to 62 units, declining by -15.1% against 2021. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 284% against the previous year. Over the period under review, imports of attained the peak figure at 80 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors and generators dropped dramatically to $84K in 2022. Over the period under review, imports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 617% against the previous year. Over the period under review, imports of attained the peak figure at $429K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 0.3 | N/A | 62.5 | 1343.4% |
| United States | 0.7 | 3.6 | 0.7 | 8.8 | 132.5% |
| Germany | 9.9 | 4.6 | 9.2 | 5.9 | -15.8% |
| Belgium | 57.2 | N/A | N/A | 5.2 | -55.0% |
| China | 9.1 | 0.3 | 4.3 | 1.7 | -42.8% |
| South Korea | 350 | 3.1 | 1.6 | N/A | -93.2% |
| Sweden | N/A | N/A | 49.1 | N/A | 0% |
| Romania | N/A | N/A | 10.6 | N/A | 0% |
| Others | 2.4 | 3.5 | 34.1 | N/A | 276.9% |
| Total | 429 | 15.3 | 110 | 84.0 | -41.9% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Hungary in 2022:
- Belgium (31.0 units)
- Netherlands (18.0 units)
- China (9.0 units)
- United States (2.0 units)
- Germany (2.0 units)
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