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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