Price for Electric Motors; AC Motors, Single-Phase in Mexico - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Mexico (FOB) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Mexico (CIF) - 2023
- Exports of Electric Motors; AC Motors, Single-Phase in Mexico
- Imports of Electric Motors; AC Motors, Single-Phase in Mexico
Price for Electric Motors; AC Motors, Single-Phase in Mexico (FOB) - 2023
The average export price for electric motors; AC motors, single-phases stood at $47.3 per unit in June 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 5% against the previous month. Over the period under review, the average export prices reached the peak figure at $53.8 per unit in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.4% per month.
Price for Electric Motors; AC Motors, Single-Phase in Mexico (CIF) - 2023
In June 2023, the average import price for electric motors; AC motors, single-phases amounted to $19.8 per unit, waning by -29.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 28% against the previous month. The import price peaked at $30.8 per unit in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($58.4 per unit), while the price for Vietnam ($10.1 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors; AC Motors, Single-Phase in Mexico
In 2022, shipments abroad of electric motors; AC motors, single-phases decreased by -12.3% to 20M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 90%. As a result, the exports attained the peak of 22M units, and then contracted in the following year.
In value terms, electric motors; AC motors, single-phase exports totaled $975M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; AC Motors, Single-Phase in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 795 | 767 | 956 | 971 | 6.9% |
| Others | 13.7 | 3.4 | 3.6 | 4.0 | -33.7% |
| Total | 809 | 771 | 960 | 975 | 6.4% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Mexico in 2022:
- United States (19.7M units)
Imports of Electric Motors; AC Motors, Single-Phase in Mexico
In 2022, purchases abroad of electric motors; AC motors, single-phases decreased by -3.5% to 29M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 206%. As a result, imports reached the peak of 30M units, and then declined in the following year.
In value terms, electric motors; AC motors, single-phase imports rose notably to $603M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors; AC Motors, Single-Phase in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 247 | 339 | 372 | 23.4% |
| United States | 97.4 | 93.4 | 114 | 111 | 4.5% |
| India | 28.7 | 31.9 | 37.4 | 40.5 | 12.2% |
| Vietnam | 19.5 | 18.8 | 24.1 | 32.7 | 18.8% |
| Thailand | 3.2 | 5.1 | 18.3 | 19.9 | 83.9% |
| South Korea | 4.8 | 0.9 | 2.7 | 3.3 | -11.7% |
| Others | 29.7 | 19.8 | 19.4 | 23.5 | -7.5% |
| Total | 382 | 417 | 555 | 603 | 16.4% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Mexico in 2022:
- China (19.5M units)
- Vietnam (3.5M units)
- United States (2.8M units)
- India (1.1M units)
- Thailand (1.1M units)
- South Korea (0.6M units)
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This report provides an in-depth analysis of the ac/dc motor market in Mexico.
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This report provides an in-depth analysis of the dc motor market in Mexico.
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This report provides an in-depth analysis of the global ac/dc motor market.
1146
This report provides an in-depth analysis of the global dc motor market.
405
This report provides an in-depth analysis of the ac/dc motor market in Mexico.
567
This report provides an in-depth analysis of the dc motor market in Mexico.
1525
This report provides an in-depth analysis of the global ac/dc motor market.
1146
This report provides an in-depth analysis of the global dc motor market.
168
From September 2023 to December 2023, the growth of DC Motor exports was slightly lower, with exports decreasing to $141M in December 2023.
348
In January 2023, the dc motor price amounted to $27.6 per unit (FOB, Mexico), with an increase of 41% against the previous month.
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
239
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1222
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
168
From September 2023 to December 2023, the growth of DC Motor exports was slightly lower, with exports decreasing to $141M in December 2023.
348
In January 2023, the dc motor price amounted to $27.6 per unit (FOB, Mexico), with an increase of 41% against the previous month.
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
239
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
