Price for Electric Motors; of an Output Not Exceeding 37.5W in Guatemala - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Guatemala
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Guatemala
Price for Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (CIF) - 2022
In 2022, the average import price for electric motors amounted to $24 per unit, picking up by 3.5% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. Over the period under review, average import prices reached the peak figure at $82 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($81 per unit), while the price for China ($9.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (FOB) - 2022
In 2022, the average export price for electric motors amounted to $86 per unit, growing by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, the average export prices reached the maximum at $103 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 El Salvador ($87 per unit), while the average price for exports to Jamaica ($14 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 the United States (+7.2%), 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 Guatemala
In 2022, imports of electric motors into Guatemala surged to 111K units, growing by 28% on the previous year's figure. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of electric motors soared to $2.7M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,150 | 800 | 713 | 766 | -12.7% |
| China | 239 | 77.2 | 255 | 713 | 44.0% |
| Mexico | 123 | 57.7 | 203 | 241 | 25.1% |
| India | 7.2 | 8.5 | 23.4 | 14.1 | 25.1% |
| Others | 501 | 584 | 865 | 984 | 25.2% |
| Total | 2,021 | 1,527 | 2,059 | 2,717 | 10.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Guatemala in 2022:
- China (78.6K units)
- Mexico (13.7K units)
- United States (9.5K units)
- India (1.4K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Guatemala
Exports of electric motors from Guatemala skyrocketed to 3.5K units in 2022, picking up by 16% on 2021. Over the period under review, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 30%. As a result, the exports attained the peak of 5.1K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of electric motors skyrocketed to $298K in 2022. In general, exports, however, saw a abrupt decrease. The exports peaked at $398K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 251 | 214 | 101 | 190 | -8.9% |
| Honduras | 58.9 | 63.7 | 88.7 | 49.0 | -5.9% |
| Costa Rica | 52.3 | 63.5 | 22.8 | 19.7 | -27.8% |
| Panama | 1.6 | 20.5 | 10.6 | 16.8 | 119.0% |
| Nicaragua | 23.2 | 8.4 | 6.2 | 10.7 | -22.7% |
| Jamaica | 2.0 | 2.9 | 1.8 | 0.8 | -26.3% |
| Others | 9.2 | 14.3 | 15.8 | 11.5 | 7.7% |
| Total | 398 | 388 | 247 | 298 | -9.2% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Guatemala in 2022:
- El Salvador (2174.0 units)
- Honduras (563.0 units)
- Costa Rica (227.0 units)
- Panama (194.0 units)
- Nicaragua (124.0 units)
- Jamaica (58.0 units)
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This report provides an in-depth analysis of the dc motor market in Guatemala.
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