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Industry revenue of »manufacture of electric motors, generators« in Czechia 2011-2023

High production costs, increased tariff rates on raw materials such as steel and aluminum, tepid construction activities and lack of technological and infrastructural developments are a few of the reasons for the decline of the Czech electric motors and generators manufacturing sector. Industry revenues are projected to plunge from 6.8 billion U.S. dollars in 2011 to 3.8 billion U.S. dollars by 2023.

As a result of a dearth in production, majority of the domestic demand is fulfilled through imports, which were valued at over 1 billion U.S. dollars in 2018, according to data from Germany, is the main source of imports, which is not very surprising as it houses some of the largest producers of electric motors such as Siemens and FAULHABER. China, followed by Hungary, Hong Kong, Japan and South Korea are some of the other main sources of imports, which have largely benefitted from state of the art production facilities, low tariff rates and favorable manufacturing conditions.

Industry revenue of »manufacture of electric motors, generators« in Czechia from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Czechia. The industry “manufacture of electric motors, generators, transformers and electricity distribution and control apparatus“ has the code “C271“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Czech Republic"

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