Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (CIF) - 2022
The average import price for electric motors and generators stood at $72 per unit in 2022, which is down by -29% against the previous year. Over the period under review, the import price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 88%. Over the period under review, average import prices hit record highs at $271 per unit in 2017; however, from 2018 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 Mexico ($139 per unit), while the price for Brazil ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $286 per unit, shrinking by -2% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 137%. The export price peaked at $629 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($301 per unit), while the average price for exports to China ($184 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 Argentina (+5.3%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela
In 2022, approx. 4.7K units of electric motors and generators were imported into Venezuela; jumping by 21% on 2021 figures. Over the period under review, imports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of 35K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of electric motors and generators reduced to $334K in 2022. In general, imports, however, showed a sharp reduction. The smallest decline of -7.8% was in 2020. Imports peaked at $3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 326 | 366 | 157 | 144 | -23.8% |
| Canada | 211 | 220 | 87.2 | 74.1 | -29.4% |
| China | 55.3 | 124 | 64.7 | 48.9 | -4.0% |
| United States | 2,242 | 1,912 | 35.5 | 23.2 | -78.2% |
| Denmark | 16.3 | 18.7 | 8.2 | 7.6 | -22.5% |
| Panama | 15.3 | 15.8 | 5.4 | 4.0 | -36.1% |
| Germany | 6.6 | 4.9 | 1.5 | 4.0 | -15.4% |
| Others | 92.3 | 72.2 | 29.9 | 28.1 | -32.7% |
| Total | 2,964 | 2,734 | 389 | 334 | -51.7% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Venezuela in 2022:
- Canada (1300.0 units)
- Mexico (1030.0 units)
- China (900.0 units)
- United States (868.0 units)
- Denmark (143.0 units)
- Germany (78.0 units)
- Panama (75.0 units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela
Exports of electric motors and generators from Venezuela reduced remarkably to 111 units in 2022, with a decrease of -22.4% on the previous year. Over the period under review, exports saw a dramatic slump. The smallest decline of -21% was in 2021. The exports peaked at 354 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators declined remarkably to $32K in 2022. Overall, exports faced a precipitous slump. Over the period under review, the exports of attained the maximum at $116K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 96.4 | 36.0 | 25.6 | 18.0 | -42.8% |
| Germany | 8.9 | 14.4 | 12.5 | 10.8 | 6.7% |
| United States | 4.4 | 1.6 | 1.2 | 0.8 | -43.3% |
| Ecuador | 1.6 | 0.8 | 0.8 | 0.7 | -24.1% |
| China | 1.1 | 0.5 | 0.4 | 0.4 | -28.6% |
| Argentina | 1.4 | 0.6 | 0.5 | 0.4 | -34.1% |
| Others | 1.9 | 0.8 | 0.6 | 0.5 | -35.9% |
| Total | 116 | 54.8 | 41.7 | 31.7 | -35.1% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Venezuela in 2022:
- Panama (60.0 units)
- Germany (36.0 units)
- United States (3.0 units)
- Ecuador (3.0 units)
- China (2.0 units)
- Argentina (2.0 units)
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This report provides an in-depth analysis of the dc motor market in Venezuela.
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795
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...
1191
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
1262
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
