Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia - 2022

Contents:

  1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (CIF) - 2022
  2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (FOB) - 2022
  3. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia
  4. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (CIF) - 2022

The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $17,402 per unit in 2022, with an increase of 19% against the previous year. In general, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The import price peaked at $19,270 per unit in 2012; however, from 2013 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 ($32,504 per unit), while the price for China ($8,878 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $1,584 per unit, which is down by -90.3% against the previous year. In general, the export price recorded a significant contraction. The growth pace was the most rapid in 2018 an increase of 80%. The export price peaked at $25,777 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($65,798 per unit), while the average price for exports to Trinidad and Tobago ($181 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 the United States (+8.3%), while the prices for the other major destinations experienced a decline.

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia

Imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs into Colombia surged to 1.8K units in 2022, increasing by 67% against 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $31M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3.73.05.77.023.7%
United States2.92.72.86.530.9%
Brazil2.92.41.65.019.9%
SpainN/AN/A2.74.463.0%
China1.00.40.72.230.1%
Italy1.4N/AN/A0.9-13.7%
Mexico1.20.40.20.6-20.6%
Czech Republic0.30.70.20.410.1%
Others2.62.41.64.116.4%
Total16.111.915.631.124.5%

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Colombia in 2022:

  1. Russia (506.0 units)
  2. Brazil (394.0 units)
  3. China (252.0 units)
  4. United States (201.0 units)
  5. Spain (139.0 units)
  6. Italy (94.0 units)
  7. Mexico (52.0 units)
  8. Czech Republic (39.0 units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia

Exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs from Colombia skyrocketed to 422 units in 2022, picking up by 955% compared with the year before. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs reached $669K in 2022. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the exports of attained the maximum at $1.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4311975155266.9%
Trinidad and TobagoN/AN/AN/A73.70%
Ecuador17673.056.332.9-42.8%
Kuwait106N/AN/AN/A0%
Others46431883.735.6-57.5%
Total1,178588655669-17.2%

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Colombia in 2022:

  1. Trinidad and Tobago (406.0 units)
  2. United States (8.0 units)
  3. Ecuador (2.0 units)

Source: IndexBox Market Intelligence Platform

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