Price for Electric Motors; of an Output Not Exceeding 37.5W in Estonia - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Estonia (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Estonia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Estonia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Estonia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Estonia (CIF) - 2022
The average import price for electric motors stood at $22 per unit in 2022, surging by 25% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 248%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($60 per unit), while the price for China ($5.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.2%), 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 Estonia (FOB) - 2022
In 2022, the average export price for electric motors amounted to $12 per unit, jumping by 129% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($71 per unit), while the average price for exports to Germany ($2.9 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 Kazakhstan (+54.5%), 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 Estonia
In 2022, imports of electric motors into Estonia reduced dramatically to 194K units, with a decrease of -36.4% compared with 2021 figures. Overall, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Over the period under review, imports of reached the peak figure at 860K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors shrank rapidly to $4.3M in 2022. In general, imports saw a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports attained the peak of $5.4M, and then fell markedly in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 19.9 | 4.9 | 22.4 | 846 | 249.0% |
| Germany | 649 | 915 | 1,123 | 709 | 3.0% |
| Sweden | 746 | 1,576 | 1,115 | 604 | -6.8% |
| Lithuania | 1.8 | 491 | 630 | 523 | 562.3% |
| Finland | 170 | 401 | 618 | 403 | 33.3% |
| China | 322 | 169 | 361 | 329 | 0.7% |
| Switzerland | 1,811 | 264 | 330 | 215 | -50.9% |
| Thailand | 83.1 | 4.8 | 0.3 | 0.6 | -80.7% |
| Others | 758 | 548 | 1,230 | 669 | -4.1% |
| Total | 4,560 | 4,373 | 5,430 | 4,300 | -1.9% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Estonia in 2022:
- China (61.0K units)
- Germany (47.5K units)
- Sweden (24.8K units)
- United Kingdom (14.1K units)
- Lithuania (13.9K units)
- Switzerland (11.7K units)
- Finland (7.5K units)
- Thailand (0.1K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Estonia
In 2022, approx. 87K units of electric motors were exported from Estonia; reducing by -50.6% on 2021. In general, exports recorded a dramatic downturn. The smallest decline of -29% was in 2021. Over the period under review, the exports of attained the maximum at 1.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors totaled $1M in 2022. Overall, exports continue to indicate a sharp curtailment. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,773 | 635 | 625 | 472 | -35.7% |
| Kazakhstan | N/A | 1.6 | N/A | 254 | 1160.0% |
| Armenia | N/A | N/A | N/A | 109 | 0% |
| Latvia | 21.7 | 22.6 | 23.2 | 21.2 | -0.8% |
| Finland | 198 | 72.9 | 61.7 | 19.6 | -53.7% |
| Singapore | N/A | N/A | 8.8 | 15.3 | 73.9% |
| Germany | 14.7 | 2.2 | 6.1 | 6.0 | -25.8% |
| Belarus | 29.9 | 57.2 | 16.4 | 1.4 | -64.0% |
| Others | 126 | 102 | 161 | 124 | -0.5% |
| Total | 2,164 | 894 | 902 | 1,023 | -22.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Estonia in 2022:
- Russia (69.3K units)
- Kazakhstan (3.6K units)
- Singapore (2.9K units)
- Germany (2.1K units)
- Armenia (1.8K units)
- Latvia (0.7K units)
- Finland (0.5K units)
- Belarus (0.2K units)
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