Price for Electric Motors; of an Output Not Exceeding 37.5W in Chile - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Chile (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Chile (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Chile
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Chile
Price for Electric Motors; of an Output Not Exceeding 37.5W in Chile (CIF) - 2022
In 2022, the average import price for electric motors amounted to $18 per unit, picking up by 47% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric motors increased by +141.6% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($54 per unit), while the price for Brazil ($2.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Chile (FOB) - 2022
In 2022, the average export price for electric motors amounted to $149 per unit, which is down by -42.9% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. The export price peaked at $373 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($680 per unit), while the average price for exports to Malaysia ($1.4 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 Uruguay (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Chile
In 2022, approx. 579K units of electric motors were imported into Chile; waning by -31.4% on 2021 figures. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of 844K units, and then fell remarkably in the following year.
In value terms, imports of electric motors amounted to $11M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,314 | 2,459 | 3,882 | 3,410 | 13.8% |
| United States | 1,832 | 1,520 | 1,763 | 1,882 | 0.9% |
| Germany | 774 | 653 | 859 | 874 | 4.1% |
| Spain | 521 | 402 | 610 | 826 | 16.6% |
| South Africa | 136 | 58.6 | 567 | 439 | 47.8% |
| Italy | 542 | 554 | 489 | 389 | -10.5% |
| Brazil | 223 | 778 | 282 | 298 | 10.1% |
| Mexico | 92.8 | 43.7 | 77.3 | 135 | 13.3% |
| Japan | 239 | 113 | 122 | 123 | -19.9% |
| South Korea | 371 | 120 | 201 | 75.4 | -41.2% |
| Taiwan (Chinese) | 52.3 | 32.1 | 66.2 | 60.6 | 5.0% |
| Panama | 1.7 | 22.2 | 29.2 | 42.4 | 192.2% |
| Others | 1,484 | 998 | 1,649 | 2,146 | 13.1% |
| Total | 8,582 | 7,753 | 10,596 | 10,702 | 7.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Chile in 2022:
- Brazil (115.5K units)
- China (102.4K units)
- Spain (73.6K units)
- United States (56.5K units)
- Germany (25.9K units)
- Italy (25.5K units)
- South Korea (16.0K units)
- Panama (15.3K units)
- Japan (13.6K units)
- Mexico (13.0K units)
- Taiwan (Chinese) (10.1K units)
- South Africa (8.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Chile
In 2022, overseas shipments of electric motors decreased by -5.7% to 3.1K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 151%. The exports peaked at 3.3K units in 2021, and then dropped in the following year.
In value terms, exports of electric motors fell remarkably to $459K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 178% against the previous year. As a result, the exports reached the peak of $854K, and then fell rapidly in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 28.1 | 114 | 190 | 209.6% |
| Bolivia | 26.7 | 104 | 298 | 127 | 68.2% |
| Peru | 18.1 | 139 | 354 | 119 | 87.3% |
| Brazil | 1.7 | N/A | N/A | 7.8 | 66.2% |
| Malaysia | N/A | N/A | 1.3 | 1.3 | 0.0% |
| Colombia | 10.4 | 8.9 | 0.3 | 0.1 | -78.7% |
| India | N/A | 1.5 | 28.4 | N/A | 1793.3% |
| Others | 49.4 | 26.0 | 58.3 | 13.3 | -35.4% |
| Total | 113 | 307 | 854 | 459 | 59.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Chile in 2022:
- Malaysia (957.0 units)
- United States (906.0 units)
- Peru (742.0 units)
- Bolivia (259.0 units)
- Brazil (184.0 units)
- Colombia (2.0 units)
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