Price for Electric Motors; of an Output Not Exceeding 37.5W in Peru - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Peru (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Peru (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Peru
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Peru
Price for Electric Motors; of an Output Not Exceeding 37.5W in Peru (CIF) - 2022
The average import price for electric motors stood at $26 per unit in 2022, surging by 35% against the previous year. In general, the import price recorded perceptible growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 117%. As a result, import price reached the peak level of $27 per unit. From 2021 to 2022, the average 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 China ($52 per unit), while the price for Brazil ($9.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Peru (FOB) - 2022
In 2022, the average export price for electric motors amounted to $155 per unit, with a decrease of -42.7% against the previous year. Overall, the export price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 99% against the previous year. As a result, the export price reached the peak level of $271 per unit, and then dropped remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,349 per unit), while the average price for exports to Chile ($27 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 India (+96.9%), 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 Peru
In 2022, the amount of electric motors imported into Peru skyrocketed to 184K units, jumping by 24% compared with the previous year. Overall, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 86%. Over the period under review, imports of attained the maximum at 201K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors skyrocketed to $4.8M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 211 | 369 | 394 | 2,012 | 112.1% |
| United States | 863 | 407 | 696 | 1,346 | 16.0% |
| Brazil | 625 | 248 | 597 | 529 | -5.4% |
| Germany | 135 | 116 | 183 | 171 | 8.2% |
| Italy | 125 | 193 | 158 | 151 | 6.5% |
| India | 22.4 | 30.5 | 48.6 | 60.3 | 39.1% |
| Mexico | 35.9 | 60.6 | 82.9 | 12.7 | -29.3% |
| Others | 442 | 696 | 704 | 484 | 3.1% |
| Total | 2,460 | 2,121 | 2,864 | 4,766 | 24.7% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Peru in 2022:
- United States (68.6K units)
- Brazil (55.7K units)
- China (38.6K units)
- Italy (8.7K units)
- Germany (4.5K units)
- India (3.4K units)
- Mexico (0.4K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Peru
After two years of decline, overseas shipments of electric motors increased by 235% to 1.4K units in 2022. In general, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors skyrocketed to $222K in 2022. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 68.1 | 70.8 | 67.4 | 105 | 15.5% |
| Colombia | 0.8 | N/A | 0.3 | 44.6 | 282.0% |
| Brazil | N/A | N/A | 1.7 | 10.3 | 505.9% |
| Guyana | 6.8 | 4.4 | 9.7 | 2.6 | -27.4% |
| Ecuador | 0.8 | 2.1 | 1.0 | 1.7 | 28.6% |
| Belgium | 65.0 | N/A | N/A | 0.6 | -79.0% |
| Chile | 2.0 | 6.0 | 0.7 | 0.3 | -46.9% |
| Venezuela | N/A | 26.6 | N/A | N/A | 0% |
| Suriname | 7.7 | 5.0 | N/A | N/A | -35.1% |
| Others | 30.0 | 9.3 | 34.8 | 56.7 | 23.6% |
| Total | 181 | 124 | 116 | 222 | 7.0% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Peru in 2022:
- Colombia (915.0 units)
- United States (245.0 units)
- Brazil (95.0 units)
- Guyana (51.0 units)
- Ecuador (46.0 units)
- Chile (12.0 units)
- Belgium (3.0 units)
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This report provides an in-depth analysis of the dc motor market in Peru.
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