Macedonia: Motor Market 2020

Motor Market Size in Macedonia

The revenue of the motor market in Macedonia amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated a slight increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, motor consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, the motor market attained its peak level and is likely to continue its growth in the immediate term.

Motor Production in Macedonia

In value terms, motor production amounted to $X in 2018 estimated in export prices. Overall, motor production continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2013 when production volume increased by X% against the previous year. Macedonia motor production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Motor Exports

Exports from Macedonia

In 2018, the amount of motors of an output not exceeding X w; other dc motors and dc generators exported from Macedonia stood at X units, waning by -X% against the previous year. Over the period under review, motor exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, motor exports reached their maximum at X units in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, motor exports amounted to $X in 2018. Overall, motor exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Macedonia exports peaked at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

Exports by Country

China was the largest exporter of motors of an output not exceeding X w; other dc motors and dc generators exported in the world, with the volume of exports reaching X units, which was near X% of total exports in 2018. It was distantly followed by Vietnam (X units) and Germany (X units), together achieving a X% share of total exports. Thailand (X units), Switzerland (X units), Mexico (X units), Italy (X units), Japan (X units) and South Korea (X units) took a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), South Korea (+X%), Italy (+X%), Switzerland (+X%), Mexico (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%) and Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.), Vietnam (+X p.p.) and Germany (+X p.p.) significantly strengthened its position in terms of the global exports, while Japan and Thailand saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motor supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

In China, motor exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Mexico (+X% per year).

Export Prices by Country

The motor export price in Macedonia stood at $X per unit in 2018, growing by X% against the previous year. In general, the motor export price continues to indicate an outstanding increase. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Macedonia export price peaked in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Motor Imports

Imports into Macedonia

Motor imports into Macedonia stood at X units in 2018, going up by X% against the previous year. Over the period under review, motor imports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Macedonia imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, motor imports amounted to $X in 2018. In general, motor imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, motor imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

The imports of the three major importers of motors of an output not exceeding X w; other dc motors and dc generators, namely China, the U.S. and Germany, represented more than third of total import. Mexico (X units) took the next position in the ranking, followed by the Czech Republic (X units) and India (X units). All these countries together took approx. X% share of total imports. The following importers - Japan (X units), China, Hong Kong SAR (X units), Thailand (X units), Singapore (X units), Malaysia (X units) and South Korea (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor importing markets into Macedonia were the U.S. ($X), Germany ($X) and Mexico ($X), with a combined X% share of total imports.

Among the main importing countries, Mexico experienced the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the motor import price in Macedonia amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the motor import price continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for motors of an output not exceeding X w; other dc motors and dc generators reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform