Price for Electric Motors; of an Output Not Exceeding 37.5W in Colombia - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Colombia (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Colombia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Colombia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Colombia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Colombia (CIF) - 2022
In 2022, the average import price for electric motors amounted to $11 per unit, shrinking by -27.4% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 decreased by -29.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 42%. Over the period under review, average import prices reached the maximum at $16 per unit in 2020; however, from 2021 to 2022, 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 the United States ($41 per unit), while the price for South Korea ($2.7 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) (+18.4%), 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 Colombia (FOB) - 2022
The average export price for electric motors stood at $13 per unit in 2022, rising by 43% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 55% against the previous year. The export price peaked at $22 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 Ecuador ($30 per unit), while the average price for exports to Argentina ($5 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 El Salvador (+15.2%), 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 Colombia
In 2022, the amount of electric motors imported into Colombia skyrocketed to 1.4M units, jumping by 49% on the previous year's figure. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors rose significantly to $15M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 3.6 | 5.3 | 6.5 | 13.9% |
| Brazil | 1.3 | 0.7 | 1.7 | 2.2 | 19.2% |
| Vietnam | 2.5 | 2.0 | 3.2 | 2.1 | -5.6% |
| South Korea | 0.2 | 0.1 | 0.4 | 1.2 | 81.7% |
| United States | 0.5 | 0.9 | 0.8 | 0.6 | 6.3% |
| Thailand | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Romania | 1.5 | 0.8 | 0.2 | 0.3 | -41.5% |
| Mexico | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Poland | N/A | 0.2 | 0.5 | 0.1 | -29.3% |
| Others | 1.5 | 1.3 | 1.6 | 1.7 | 4.3% |
| Total | 12.1 | 9.9 | 14.3 | 15.5 | 8.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Colombia in 2022:
- Brazil (508.0K units)
- South Korea (430.0K units)
- China (174.1K units)
- Thailand (86.5K units)
- Vietnam (55.3K units)
- Romania (32.8K units)
- Mexico (26.4K units)
- United States (15.6K units)
- Poland (8.9K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Colombia
Exports of electric motors from Colombia skyrocketed to 36K units in 2022, surging by 123% compared with the year before. In general, exports saw mild growth. The exports peaked at 43K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors skyrocketed to $462K in 2022. Over the period under review, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 155 | 72.5 | 50.6 | 170 | 3.1% |
| Venezuela | 36.3 | N/A | 1.1 | 94.8 | 37.7% |
| Argentina | N/A | 1.2 | 10.1 | 63.6 | 628.0% |
| El Salvador | 0.3 | 0.6 | 0.2 | 61.7 | 490.3% |
| Nicaragua | N/A | 0.1 | N/A | 18.6 | 1263.8% |
| United States | 25.7 | 17.3 | 12.4 | 11.8 | -22.9% |
| Peru | 0.3 | 2.6 | 11.1 | 7.9 | 197.5% |
| India | N/A | 22.9 | 3.9 | 6.2 | -48.0% |
| Costa Rica | 3.1 | 0.7 | 5.4 | 1.9 | -15.1% |
| Guatemala | 0.8 | 141 | 27.7 | 0.9 | 4.0% |
| Mexico | 22.0 | 55.8 | N/A | 0.6 | -69.9% |
| Israel | 96.7 | N/A | N/A | N/A | 0% |
| Others | 25.7 | 26.1 | 22.5 | 23.6 | -2.8% |
| Total | 366 | 341 | 145 | 462 | 8.1% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Colombia in 2022:
- Argentina (12.6K units)
- Venezuela (6.8K units)
- Ecuador (5.7K units)
- El Salvador (5.1K units)
- Peru (1.4K units)
- Nicaragua (0.8K units)
- United States (0.8K units)
- India (0.6K units)
- Costa Rica (0.2K units)
- Guatemala (0.1K units)
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This report provides an in-depth analysis of the dc motor market in Colombia.
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This report provides an in-depth analysis of the ac/dc motor market in Colombia.
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804
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...
1198
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
1269
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