Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico - 2023
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (FOB) - 2023
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (CIF) - 2023
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (FOB) - 2023
In December 2023, the average export price for electric motors and generators amounted to $27.3 per unit, increasing by 2.6% against the previous month. Over the period under review, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 109% against the previous month. The export price peaked at $83.3 per unit in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($29.4 per unit), while the average price for exports to Brazil ($9.6 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (CIF) - 2023
In December 2023, the average import price for electric motors and generators amounted to $11.8 per unit, growing by 14% against the previous month. Over the period under review, the import price, however, continues to indicate a slight decrease. The import price peaked at $13.6 per unit in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($47.4 per unit), while the price for Thailand ($2.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico
After two years of decline, overseas shipments of electric motors and generators increased by 0.3% to 37M units in 2022. In general, exports, however, showed a abrupt descent. The exports peaked at 60M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors and generators surged to $1.4B in 2022. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,077 | 914 | 1,097 | 1,260 | 5.4% |
| China | 2.8 | 7.5 | 8.6 | 56.7 | 172.6% |
| Brazil | 28.4 | 19.0 | 24.6 | 22.4 | -7.6% |
| Germany | 5.4 | 4.7 | 5.3 | 7.9 | 13.5% |
| Others | 272 | 193 | 59.3 | 43.1 | -45.9% |
| Total | 1,385 | 1,138 | 1,195 | 1,390 | 0.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Mexico in 2022:
- United States (31.0M units)
- China (2.1M units)
- Brazil (1.6M units)
- Germany (0.9M units)
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico
In 2022, imports of electric motors and generators into Mexico rose remarkably to 92M units, increasing by 6.2% compared with the previous year's figure. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 112%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of electric motors and generators expanded markedly to $1.3B in 2022. Overall, imports, however, continue to indicate a deep setback. Imports peaked at $2.3B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,011 | 502 | 486 | 457 | -23.3% |
| United States | 286 | 266 | 241 | 227 | -7.4% |
| Japan | 601 | 80.9 | 122 | 143 | -38.0% |
| South Korea | 106 | 77.8 | 113 | 143 | 10.5% |
| Germany | 85.8 | 66.5 | 73.0 | 74.7 | -4.5% |
| Vietnam | 14.3 | 9.8 | 10.1 | 37.8 | 38.3% |
| Italy | 12.0 | 14.7 | 22.3 | 25.2 | 28.1% |
| France | 16.0 | 17.3 | 15.5 | 16.1 | 0.2% |
| Thailand | 3.1 | 9.4 | 7.3 | 11.8 | 56.1% |
| Philippines | 16.7 | 10.2 | 11.3 | 9.5 | -17.1% |
| Others | 163 | 70.7 | 104 | 151 | -2.5% |
| Total | 2,315 | 1,125 | 1,205 | 1,296 | -17.6% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Mexico in 2022:
- China (39.9M units)
- Vietnam (11.9M units)
- Japan (8.0M units)
- United States (7.4M units)
- South Korea (6.2M units)
- Germany (3.6M units)
- Thailand (3.3M units)
- Italy (1.7M units)
- Philippines (1.6M units)
- France (1.4M units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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