Price for Electric Motors; of an Output Not Exceeding 37.5W in South Africa - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in South Africa (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in South Africa (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in South Africa
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in South Africa
Price for Electric Motors; of an Output Not Exceeding 37.5W in South Africa (CIF) - 2022
In 2022, the average import price for electric motors amounted to $8.6 per unit, surging by 5.5% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of 9.6%. As a result, import price reached the peak level of $15 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
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 Germany ($54 per unit), while the price for Indonesia ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.9%), 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 South Africa (FOB) - 2022
The average export price for electric motors stood at $174 per unit in 2022, which is down by -5% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 decreased by -12.4% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 53% against the previous year. The export price peaked at $202 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Mozambique ($396 per unit), while the average price for exports to Swaziland ($42 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 Egypt (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in South Africa
In 2022, the amount of electric motors imported into South Africa shrank to 3M units, which is down by -5.6% on the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% 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 +69.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, imports attained the peak of 3.1M units, and then shrank in the following year.
In value terms, imports of electric motors shrank slightly to $25M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.4% 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 +68.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of $25M, leveling off in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 4.3 | 6.3 | 4.7 | 7.3% |
| Serbia | N/A | 0.2 | 2.3 | 2.5 | 253.6% |
| Thailand | 2.5 | 1.2 | 2.8 | 2.2 | -4.2% |
| Turkey | 0.4 | 0.1 | 0.7 | 1.8 | 65.1% |
| Slovakia | N/A | 0.6 | 1.9 | 1.6 | 63.3% |
| Germany | 3.4 | 1.5 | 1.6 | 1.4 | -25.6% |
| Switzerland | 1.1 | 1.0 | 1.3 | 1.3 | 5.7% |
| Japan | 1.9 | 1.2 | 1.4 | 1.2 | -14.2% |
| Austria | 2.5 | 1.3 | 1.5 | 1.1 | -23.9% |
| Indonesia | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Others | 7.4 | 3.4 | 5.2 | 7.2 | -0.9% |
| Total | 22.9 | 15.1 | 25.5 | 25.4 | 3.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to South Africa in 2022:
- China (1012.1K units)
- Thailand (612.7K units)
- Turkey (284.3K units)
- Austria (227.3K units)
- Slovakia (212.2K units)
- Indonesia (123.0K units)
- Serbia (106.4K units)
- Switzerland (70.5K units)
- Japan (59.1K units)
- Germany (26.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in South Africa
In 2022, approx. 30K units of electric motors were exported from South Africa; waning by -9.6% on the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports attained the peak of 34K units, and then dropped in the following year.
In value terms, exports of electric motors shrank to $5.3M in 2022. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +35.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, the exports reached the peak of $6.1M, and then reduced in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 422 | 527 | 887 | 867 | 27.1% |
| Namibia | 881 | 655 | 899 | 809 | -2.8% |
| Botswana | 871 | 506 | 1,008 | 712 | -6.5% |
| United States | 34.8 | 12.4 | 231 | 409 | 127.4% |
| Mozambique | 367 | 343 | 363 | 351 | -1.5% |
| Swaziland | 181 | 165 | 231 | 291 | 17.1% |
| Angola | 108 | 253 | 54.2 | 194 | 21.6% |
| Lesotho | 148 | 48.7 | 96.1 | 194 | 9.4% |
| Zimbabwe | 341 | 318 | 407 | 186 | -18.3% |
| Tanzania | 48.6 | 85.4 | 139 | 135 | 40.6% |
| Germany | 62.0 | 69.6 | 532 | 52.0 | -5.7% |
| Others | 1,407 | 905 | 1,303 | 1,080 | -8.4% |
| Total | 4,871 | 3,890 | 6,149 | 5,280 | 2.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from South Africa in 2022:
- Swaziland (6.9K units)
- Zambia (5.1K units)
- Botswana (3.2K units)
- Namibia (2.6K units)
- Zimbabwe (2.5K units)
- Lesotho (1.9K units)
- United States (1.8K units)
- Angola (0.9K units)
- Mozambique (0.9K units)
- Tanzania (0.5K units)
- Germany (0.5K units)
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