Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (CIF) - 2022
The average import price for electric motors and generators stood at $267 per unit in 2022, increasing by 7.6% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $440 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,108 per unit), while the price for Brazil ($80 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $80 per unit, increasing by 2.3% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric motors and generators decreased by -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 111% against the previous year. As a result, the export price attained the peak level of $117 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($184 per unit), while the average price for exports to Germany ($63 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica
In 2022, the amount of electric motors and generators imported into Costa Rica expanded to 11K units, surging by 2.9% against the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 decreased by -21.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. As a result, imports reached the peak of 14K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of electric motors and generators amounted to $3M in 2022. The total import value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,074 | 1,213 | 1,438 | 1,374 | 8.6% |
| China | 313 | 736 | 558 | 858 | 40.0% |
| Mexico | 80.8 | 106 | 78.1 | 181 | 30.8% |
| Germany | 113 | 221 | 239 | 134 | 5.8% |
| Spain | 37.9 | 34.7 | 40.9 | 55.4 | 13.5% |
| Japan | 31.6 | 14.4 | 29.9 | 54.1 | 19.6% |
| South Korea | 14.5 | 30.4 | 4.0 | 36.8 | 36.4% |
| Brazil | 12.2 | 100 | 14.2 | 19.6 | 17.1% |
| Taiwan (Chinese) | 205 | 75.9 | 28.0 | 5.2 | -70.6% |
| Hong Kong SAR | 0.2 | 122 | 4.3 | 2.4 | 128.9% |
| Others | 270 | 224 | 306 | 312 | 4.9% |
| Total | 2,153 | 2,877 | 2,740 | 3,033 | 12.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Costa Rica in 2022:
- China (6.3K units)
- Mexico (1.2K units)
- United States (1.2K units)
- Japan (0.3K units)
- Germany (0.3K units)
- Spain (0.3K units)
- Brazil (0.2K units)
- South Korea (0.2K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica
Exports of electric motors and generators from Costa Rica surged to 33K units in 2022, rising by 92% on the previous year's figure. In general, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors and generators surged to $2.6M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 127 | 30.7 | 1,029 | 1,585 | 132.0% |
| United States | 1,208 | 120 | 9.5 | 458 | -27.6% |
| Canada | 22.6 | 426 | 134 | 202 | 107.5% |
| Guatemala | 2.7 | 50.8 | 3.0 | 118 | 252.2% |
| El Salvador | 12.4 | 103 | 2.8 | 21.2 | 19.6% |
| Others | 40.5 | 313 | 162 | 253 | 84.2% |
| Total | 1,414 | 1,043 | 1,340 | 2,637 | 23.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Costa Rica in 2022:
- Germany (25.1K units)
- United States (4.8K units)
- Canada (1.1K units)
- Guatemala (0.6K units)
- El Salvador (0.1K units)
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