Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru - 2022

Contents:

1. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru (CIF) - 2022
2. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru (FOB) - 2022
3. Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru
4. Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru (CIF) - 2022

In 2022, the average import price for electric motors and generators amounted to $6,100 per unit, waning by -51.1% against the previous year. Over the period under review, the import price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 406%. As a result, import price reached the peak level of $30,718 per unit. From 2019 to 2022, the average import prices remained at a 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 ($67,641 per unit), while the price for China ($1,799 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+63.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru (FOB) - 2022

In 2022, the average export price for electric motors and generators amounted to $21,921 per unit, dropping by -37.4% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 422% against the previous year. Over the period under review, the average export prices attained the maximum at $52,759 per unit in 2018; however, from 2019 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 Chile ($122,554 per unit), while the average price for exports to Japan ($1 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 Germany (+258.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru

In 2022, imports of electric motors and generators into Peru skyrocketed to 169 units, growing by 99% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 159%. As a result, imports attained the peak of 438 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electric motors and generators dropped slightly to $1M in 2022. In general, imports, however, continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, imports attained the peak of $7.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Peru in 2022:

1. China (146.0 units)
2. United States (12.0 units)
3. Mexico (5.0 units)
4. United Kingdom (3.0 units)
5. Italy (1.0 units)

Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Peru

In 2022, approx. 16 units of electric motors and generators were exported from Peru; picking up by 6.7% against 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +77.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of electric motors and generators contracted dramatically to $351K in 2022. In general, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of $525K, and then declined rapidly in the following year.

Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Peru in 2022:

1. Mexico (8.0 units)
2. Germany (3.0 units)
3. Colombia (2.0 units)
4. Chile (1.0 units)
5. Japan (1.0 units)
6. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform