Price for Electric Motors; of an Output Not Exceeding 37.5W in Ecuador - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ecuador
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ecuador
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (CIF) - 2022
In 2022, the average import price for electric motors amounted to $8.5 per unit, approximately mirroring the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $16 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the United States ($19 per unit), while the price for Hong Kong SAR ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (FOB) - 2022
In 2022, the average export price for electric motors amounted to $120 per unit, reducing by -55.7% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 198% against the previous year. Over the period under review, the average export prices reached the maximum at $270 per unit in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($467 per unit), while the average price for exports to Peru ($17 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 Sudan (+85.0%), 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 Ecuador
In 2022, the amount of electric motors imported into Ecuador dropped markedly to 345K units, with a decrease of -42.7% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 601K units, and then shrank significantly in the following year.
In value terms, imports of electric motors shrank rapidly to $2.9M in 2022. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of $5.2M, and then plummeted in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,581 | 1,313 | 1,917 | 1,102 | -11.3% |
| United States | 702 | 476 | 917 | 526 | -9.2% |
| South Korea | 482 | 480 | 666 | 330 | -11.9% |
| Brazil | 377 | 241 | 413 | 293 | -8.1% |
| Italy | 283 | 268 | 352 | 108 | -27.5% |
| Hong Kong SAR | 32.9 | 2.4 | 55.5 | 22.1 | -12.4% |
| Others | 913 | 506 | 846 | 540 | -16.1% |
| Total | 4,369 | 3,286 | 5,168 | 2,921 | -12.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Ecuador in 2022:
- China (185.6K units)
- South Korea (79.6K units)
- Brazil (32.4K units)
- United States (27.9K units)
- Hong Kong SAR (5.9K units)
- Italy (5.7K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ecuador
In 2022, overseas shipments of electric motors were finally on the rise to reach 155 units after two years of decline. Over the period under review, exports, however, saw a dramatic contraction. The exports peaked at 853 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors surged to $19K in 2022. In general, exports, however, recorded a sharp slump. The exports peaked at $150K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.5 | 0.6 | 0.3 | 11.2 | -32.6% |
| Panama | 27.2 | N/A | N/A | 4.8 | -43.9% |
| United Kingdom | N/A | N/A | N/A | 1.5 | 0% |
| El Salvador | N/A | N/A | N/A | 0.2 | 0% |
| Dominican Republic | 2.9 | 0.2 | 0.3 | 0.2 | -59.0% |
| Thailand | 47.1 | N/A | N/A | N/A | 0% |
| Peru | 3.0 | 13.7 | N/A | N/A | 356.7% |
| Colombia | 17.4 | N/A | N/A | N/A | 0% |
| Angola | 2.0 | N/A | N/A | N/A | 0% |
| Others | 14.0 | 15.8 | 9.1 | 0.6 | -65.0% |
| Total | 150 | 30.3 | 9.7 | 18.5 | -50.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Ecuador in 2022:
- Panama (91.0 units)
- Germany (24.0 units)
- United Kingdom (18.0 units)
- Dominican Republic (11.0 units)
- El Salvador (5.0 units)
- Peru (1.0 units)
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