In 2024, Germany leads the European import market of electric motors under 37.5 W with a prominent 21.77% share, followed by the Netherlands at 16.89% and Austria at 14.13%. Notably, Ireland and Poland saw significant growth in 2023, with increases of 3.53% and 3.5% respectively. In contrast, France and Denmark experienced a decline in import shares, at -3.79% and -3.12%. Finland showed the highest growth rate among smaller markets with a 22.7% rise. On the downside, Belgium and Greece saw sharp declines, shrinking by 20.69% and 29.35% respectively.
Looking forward, the European market is poised for growth driven by advances in energy-efficient technologies and increasing demand in the renewable energy sector. Additionally, potential changes in trade policies and growing regional cooperation could influence import dynamics. Emerging markets like Estonia and Latvia, with significant percentage gains in 2023, warrant close attention for future growth opportunities. Sustainability and technological innovation are key factors expected to shape import patterns in the coming years.
Top countries in Import of Electric Motors of an Output Less than 37,5 W Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.77 | 2023 | +5.23% | +0.83% | View data |
| 2 | 2 Netherlands | 16.89 | 2023 | +14.62% | +4.96% | View data |
| 3 | 3 Austria | 14.13 | 2023 | +3.54% | +1.77% | View data |
| 4 | 4 Czechia | 13.78 | 2023 | |||
| 5 | 5 Ireland | 4.97 | 2023 | +13.26% | +3.53% | View data |
| 6 | 6 Poland | 3.94 | 2023 | +3.87% | +3.5% | View data |
| 7 | 7 Italy | 3.84 | 2023 | +5.2% | +1.45% | View data |
| 8 | 8 Hungary | 3.77 | 2023 | -0.71% | +1.06% | View data |
| 9 | 9 Romania | 3.7 | 2023 | +4.04% | +4.79% | View data |
| 10 | 10 France | 2.8 | 2023 | -1.09% | -3.79% | View data |
