Price for Electric Motors; of an Output Not Exceeding 37.5W in Argentina - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Argentina (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Argentina (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Argentina
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Argentina
Price for Electric Motors; of an Output Not Exceeding 37.5W in Argentina (CIF) - 2022
The average import price for electric motors stood at $2.6 per unit in 2022, growing by 2.3% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2013 an increase of 6.2%. As a result, import price reached the peak level of $3.9 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($9.5 per unit), while the price for Thailand ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Argentina (FOB) - 2022
In 2022, the average export price for electric motors amounted to $29 per unit, with an increase of 63% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($701 per unit), while the average price for exports to Brazil ($7.9 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 Venezuela (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Argentina
In 2022, approx. 20M units of electric motors were imported into Argentina; increasing by 3% compared with the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electric motors rose significantly to $52M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Electric Motors; of an Output Not Exceeding 37.5W in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.5 | 18.4 | 31.9 | 33.0 | 38.2% |
Brazil | 3.4 | 2.8 | 3.4 | 5.1 | 14.5% |
Mexico | 2.9 | 1.3 | 3.0 | 2.9 | 0.0% |
Japan | 1.2 | 1.3 | 2.1 | 2.8 | 32.6% |
Thailand | 0.9 | 0.9 | 1.5 | 1.3 | 13.0% |
Vietnam | 1.1 | 1.3 | 1.4 | 0.6 | -18.3% |
Others | 4.8 | 5.0 | 5.8 | 6.1 | 8.3% |
Total | 26.8 | 30.9 | 49.2 | 51.8 | 24.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Argentina in 2022:
- China (16.1M units)
- Thailand (1.3M units)
- Brazil (0.9M units)
- Japan (0.6M units)
- Mexico (0.3M units)
- Vietnam (0.2M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Argentina
In 2022, exports of electric motors from Argentina skyrocketed to 7.7K units, with an increase of 24% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. The exports peaked at 9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors surged to $225K in 2022. Overall, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Electric Motors; of an Output Not Exceeding 37.5W in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 23.8 | 9.2 | 15.2 | 124 | 73.4% |
Brazil | 42.2 | 26.0 | 37.3 | 30.9 | -9.9% |
Uruguay | 38.2 | 25.8 | 50.2 | 28.2 | -9.6% |
Chile | 22.4 | 10.9 | 1.6 | 11.9 | -19.0% |
Paraguay | 4.2 | 6.8 | 5.2 | 5.9 | 12.0% |
Others | 46.1 | 18.4 | 1.7 | 24.3 | -19.2% |
Total | 177 | 97.1 | 111 | 225 | 8.3% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Argentina in 2022:
- Brazil (3.9K units)
- Uruguay (2.3K units)
- Chile (0.5K units)
- Paraguay (0.5K units)
- United States (0.2K units)
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