Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico - 2023
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (FOB) - 2023
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (CIF) - 2022
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (FOB) - 2023
In October 2023, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $9,869 per unit, with a decrease of -6.6% against the previous month. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 41% m-o-m. Over the period under review, the average export prices attained the peak figure at $17,978 per unit in December 2022; afterwards, it flattened through to October 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -2.8% per month.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (CIF) - 2022
The average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs stood at $550 per unit in 2022, waning by -35.3% against the previous year. Over the period under review, the import price showed a sharp reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 55%. As a result, import price reached the peak level of $18,347 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,040 per unit), while the price for China ($99 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico
In 2022, approx. 16K units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Mexico; jumping by 30% compared with the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.6% against 2020 indices. 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; AC motors, multi-phase, of an output exceeding 75kWs soared to $235M in 2022. Overall, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 155 | 118 | 132 | 235 | 14.9% |
| South Korea | 3.3 | N/A | N/A | N/A | 0% |
| Others | 8.5 | 7.1 | 1.8 | 0.1 | -77.3% |
| Total | 167 | 125 | 134 | 235 | 12.1% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Mexico in 2022:
- United States (15.5K units)
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas purchases of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 79% to 167K units in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 127%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $92M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.3 | 31.1 | 40.7 | 35.4 | 6.5% |
| Italy | 2.2 | 1.3 | 13.4 | 32.3 | 144.9% |
| China | 3.9 | 4.1 | 7.1 | 9.3 | 33.6% |
| Taiwan (Chinese) | 2.3 | 1.4 | 0.8 | 2.3 | 0.0% |
| Turkey | 0.8 | 0.6 | N/A | 0.1 | -50.0% |
| Others | 18.6 | 18.0 | 17.3 | 12.4 | -12.6% |
| Total | 57.1 | 56.5 | 79.4 | 91.9 | 17.2% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Mexico in 2022:
- China (94.2K units)
- Italy (61.2K units)
- Taiwan (Chinese) (5.2K units)
- United States (3.2K units)
- Turkey (1.4K units)
399
This report provides an in-depth analysis of the ac/dc motor market in Mexico.
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This report provides an in-depth analysis of the dc motor market in Mexico.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
399
This report provides an in-depth analysis of the ac/dc motor market in Mexico.
473
This report provides an in-depth analysis of the dc motor market in Mexico.
1370
This report provides an in-depth analysis of the global ac/dc motor market.
1049
This report provides an in-depth analysis of the global dc motor market.
117
From September 2023 to December 2023, the growth of DC Motor exports was slightly lower, with exports decreasing to $141M in December 2023.
318
In January 2023, the dc motor price amounted to $27.6 per unit (FOB, Mexico), with an increase of 41% against the previous month.
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
117
From September 2023 to December 2023, the growth of DC Motor exports was slightly lower, with exports decreasing to $141M in December 2023.
318
In January 2023, the dc motor price amounted to $27.6 per unit (FOB, Mexico), with an increase of 41% against the previous month.
1271
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
79
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
