Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States - 2024
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (CIF) - 2024
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (FOB) - 2024
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (CIF) - 2024
The average import price for electric motors and generators stood at $23.2 per unit in December 2023, with an increase of 4.7% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 5% against the previous month. The import price peaked at $25.3 per unit in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($39.3 per unit), while the price for Malaysia ($5.4 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (FOB) - 2024
The average export price for electric motors and generators stood at $72.3 per unit in December 2023, standing approximately at the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in May 2023 an increase of 12% month-to-month. Over the period under review, the average export prices attained the maximum at $77.2 per unit in September 2023; however, from October 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the UK ($124 per unit), while the average price for exports to Mexico ($52.2 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States
In 2022, approx. 114M units of electric motors and generators were imported into the United States; with a decrease of -7.4% compared with 2021. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of 123M units, and then reduced in the following year.
In value terms, imports of electric motors and generators stood at $2.6B in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 916 | 839 | 985 | 922 | 0.2% |
| China | 380 | 371 | 441 | 441 | 5.1% |
| Japan | 253 | 295 | 395 | 421 | 18.5% |
| South Korea | 159 | 142 | 192 | 170 | 2.3% |
| Germany | 95.6 | 85.3 | 85.2 | 106 | 3.5% |
| Taiwan (Chinese) | 57.6 | 61.9 | 90.7 | 79.2 | 11.2% |
| Vietnam | 18.3 | 20.2 | 47.7 | 54.3 | 43.7% |
| Italy | 20.2 | 26.1 | 44.0 | 41.5 | 27.1% |
| Indonesia | 10.5 | 5.8 | 13.5 | 20.2 | 24.4% |
| Others | 286 | 254 | 321 | 376 | 9.5% |
| Total | 2,197 | 2,101 | 2,614 | 2,631 | 6.2% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to the United States in 2022:
- China (33.1M units)
- Mexico (31.4M units)
- Japan (14.4M units)
- South Korea (10.4M units)
- Vietnam (4.3M units)
- Germany (3.3M units)
- Taiwan (Chinese) (2.6M units)
- Italy (2.5M units)
- Indonesia (2.3M units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States
In 2022, exports of electric motors and generators from the United States shrank to 13M units, almost unchanged from 2021 figures. In general, exports continue to indicate a perceptible descent. Over the period under review, the exports of attained the peak figure at 14M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators expanded slightly to $813M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $814M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 336 | 365 | 277 | 276 | -6.3% |
| Canada | 146 | 141 | 132 | 144 | -0.5% |
| China | 40.1 | 40.8 | 48.0 | 45.8 | 4.5% |
| United Kingdom | 46.2 | 44.1 | 49.4 | 45.1 | -0.8% |
| Germany | 29.5 | 21.8 | 29.0 | 43.9 | 14.2% |
| South Korea | 21.2 | 25.5 | 46.5 | 40.8 | 24.4% |
| Japan | 11.7 | 11.1 | 16.2 | 28.2 | 34.1% |
| Others | 173 | 165 | 190 | 189 | 3.0% |
| Total | 804 | 814 | 789 | 813 | 0.4% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from the United States in 2022:
- Mexico (7.1M units)
- Canada (2.2M units)
- China (0.8M units)
- South Korea (0.5M units)
- United Kingdom (0.4M units)
- Germany (0.4M units)
- Japan (0.3M units)
516
This report provides an in-depth analysis of the dc motor market in the U.S..
418
This report provides an in-depth analysis of the ac/dc motor market in the U.S..
1083
This report provides an in-depth analysis of the global dc motor market.
1442
This report provides an in-depth analysis of the global ac/dc motor market.
516
This report provides an in-depth analysis of the dc motor market in the U.S..
418
This report provides an in-depth analysis of the ac/dc motor market in the U.S..
1083
This report provides an in-depth analysis of the global dc motor market.
1442
This report provides an in-depth analysis of the global ac/dc motor market.
152
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
850
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...
1215
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
1292
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
152
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
850
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...
1215
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
1292
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
