Price for Electric Motors; of an Output Not Exceeding 37.5W in Brazil - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Brazil (CIF) - 2024
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Brazil (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Brazil
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Brazil
Price for Electric Motors; of an Output Not Exceeding 37.5W in Brazil (CIF) - 2024
The average import price for electric motors stood at $2.5 per unit in February 2024, dropping by -12.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 21% against the previous month. Over the period under review, average import prices attained the maximum at $3.0 per unit in May 2023; however, from June 2023 to February 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Mexico ($6.6 per unit), while the price for Vietnam ($983 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), 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 Brazil (FOB) - 2022
The average export price for electric motors stood at $6.2 per unit in 2022, growing by 5.9% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs at $13 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($26 per unit), while the average price for exports to China ($3.3 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 Guatemala (+14.5%), 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 Brazil
In 2022, the amount of electric motors imported into Brazil reduced to 68M units, which is down by -13.2% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 78M units, and then reduced in the following year.
In value terms, imports of electric motors contracted to $199M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of $216M, and then shrank in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.9 | 79.7 | 108 | 96.4 | 8.3% |
| Mexico | 21.3 | 16.9 | 21.2 | 15.1 | -10.8% |
| Germany | 13.5 | 8.9 | 12.9 | 12.8 | -1.8% |
| Japan | 8.4 | 5.2 | 10.1 | 10.2 | 6.7% |
| Vietnam | 8.5 | 7.0 | 11.3 | 10.2 | 6.3% |
| Switzerland | 4.9 | 3.4 | 5.1 | 6.8 | 11.5% |
| Philippines | 4.1 | 2.9 | 3.1 | 3.1 | -8.9% |
| Thailand | 1.9 | 3.2 | 4.3 | 2.9 | 15.1% |
| Others | 52.3 | 33.5 | 39.8 | 41.5 | -7.4% |
| Total | 191 | 161 | 216 | 199 | 1.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Brazil in 2022:
- China (42.1M units)
- Vietnam (8.3M units)
- Switzerland (3.0M units)
- Germany (2.4M units)
- Mexico (2.1M units)
- Japan (1.5M units)
- Philippines (1.4M units)
- Thailand (1.4M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Brazil
In 2022, exports of electric motors from Brazil soared to 2.6M units, surging by 20% on the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of electric motors skyrocketed to $16M in 2022. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports of hit record highs at $22M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 15.0 | 3.7 | 4.0 | 4.4 | -33.6% |
| Colombia | 1.4 | 0.9 | 1.8 | 2.0 | 12.6% |
| China | N/A | 1.6 | 1.6 | 2.0 | 11.8% |
| South Korea | 0.1 | N/A | N/A | 1.4 | 141.0% |
| Mexico | 1.2 | 0.5 | 1.4 | 0.8 | -12.6% |
| Germany | 0.8 | 0.6 | 0.6 | 0.8 | 0.0% |
| Italy | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Spain | N/A | 0.1 | 0.1 | 0.7 | 164.6% |
| United States | 0.7 | 0.3 | 0.5 | 0.5 | -10.6% |
| Peru | 0.6 | 0.2 | 0.6 | 0.5 | -5.9% |
| Ecuador | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Others | 1.5 | 1.1 | 1.7 | 1.7 | 4.3% |
| Total | 21.7 | 9.4 | 12.7 | 16.2 | -9.3% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Brazil in 2022:
- Argentina (903.6K units)
- China (621.0K units)
- South Korea (247.9K units)
- Colombia (214.4K units)
- Mexico (106.8K units)
- Italy (92.9K units)
- Spain (89.2K units)
- Ecuador (68.3K units)
- Peru (57.0K units)
- Germany (54.2K units)
- United States (39.8K units)
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