U.S. Motor And Generator Imports
In October 2023, the quantity of motors and turbines imported into the US rose sharply to 80M items, with a rise of 9.2% on the earlier month. Over the interval underneath evaluate, imports noticed a comparatively flat pattern sample. The tempo of progress was probably the most pronounced in July 2023 when imports elevated by 12% m-o-m. Imports peaked at 81M items in August 2023; nonetheless, from September 2023 to October 2023, imports remained at a decrease determine.
In worth phrases, motor and generator imports expanded markedly to $1.6B (IndexBox estimates) in October 2023. On the whole, imports, nonetheless, noticed a comparatively flat pattern sample. The expansion tempo was probably the most fast in March 2023 with a rise of 11% towards the earlier month. Imports peaked at 1.6B items in Might 2023; nonetheless, from June 2023 to October 2023, imports didn’t regain momentum.
Imports by Nation
Mexico (19M items), China (17M items) and Vietnam (8.4M items) have been the principle suppliers of motor and generator imports to the US, with a mixed 55% share of whole imports.
From October 2022 to October 2023, the largest will increase have been in Vietnam (with a CAGR of +4.0%), whereas purchases for the opposite leaders skilled extra modest paces of progress.
In worth phrases, the biggest motor and generator suppliers to the US have been Mexico ($431M), China ($249M) and Japan ($186M), collectively comprising 55% of whole imports.
Among the many primary suppliers, Japan, with a CAGR of +1.9%, noticed the best charges of progress with regard to the worth of imports, over the interval underneath evaluate, whereas purchases for the opposite leaders skilled extra modest paces of progress.
Import Costs by Nation
In October 2023, the motor and generator worth amounted to $19.5 per unit (CIF, US), stabilizing on the earlier month. On the whole, the import worth, nonetheless, confirmed a comparatively flat pattern sample. Probably the most outstanding charge of progress was recorded in February 2023 a rise of 10% month-to-month. Over the interval underneath evaluate, common import costs attained the utmost at $22.Four per unit in June 2023; nonetheless, from July 2023 to October 2023, import costs didn’t regain momentum.
Costs various noticeably by the nation of origin: the nation with the best worth was Denmark ($51.5 per unit), whereas the worth for the Philippines ($7.1 per unit) was amongst the bottom.
From October 2022 to October 2023, probably the most notable charge of progress when it comes to costs was attained by Denmark (+14.3%), whereas the costs for the opposite main suppliers skilled extra modest paces of progress.
Supply: IndexBox Market Intelligence Platform
