Price for Electric Motors; of an Output Not Exceeding 37.5W in Uruguay - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Uruguay (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Uruguay (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Uruguay
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Uruguay
Price for Electric Motors; of an Output Not Exceeding 37.5W in Uruguay (CIF) - 2022
The average import price for electric motors stood at $23 per unit in 2022, increasing by 5.1% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $31 per unit. From 2015 to 2022, the average 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 ($172 per unit), while the price for China ($11 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 (+9.2%), 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 Uruguay (FOB) - 2022
In 2022, the average export price for electric motors amounted to $326 per unit, which is down by -30.7% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 1,742% against the previous year. As a result, the export price reached the peak level of $1,128 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($644 per unit), while the average price for exports to Paraguay ($27 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 India (+497.8%), 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 Uruguay
Imports of electric motors into Uruguay was estimated at 51K units in 2022, rising by 1.9% against 2021 figures. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of electric motors totaled $1.2M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 270 | 270 | 309 | 420 | 15.9% |
| United States | 163 | 129 | 139 | 151 | -2.5% |
| Italy | 86.1 | 50.0 | 113 | 78.1 | -3.2% |
| Brazil | 56.5 | 77.3 | 77.7 | 60.3 | 2.2% |
| Spain | 60.1 | 67.2 | 52.7 | 48.8 | -6.7% |
| Taiwan (Chinese) | 6.8 | 4.5 | 5.8 | 35.6 | 73.6% |
| Others | 323 | 341 | 386 | 368 | 4.4% |
| Total | 966 | 940 | 1,084 | 1,162 | 6.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Uruguay in 2022:
- China (39.7K units)
- Brazil (4.1K units)
- Taiwan (Chinese) (1.1K units)
- Italy (0.9K units)
- United States (0.9K units)
- Spain (0.8K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Uruguay
In 2022, shipments abroad of electric motors was finally on the rise to reach 14 units after two years of decline. Over the period under review, exports, however, continue to indicate a dramatic setback. The exports peaked at 918 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors declined notably to $4.6K in 2022. In general, exports, however, continue to indicate a sharp descent. The exports peaked at $56K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 8.2 | 1.0 | N/A | 2.0 | -37.5% |
| United States | 4.1 | N/A | 2.1 | 1.9 | -22.6% |
| Panama | N/A | N/A | N/A | 0.5 | 0% |
| Paraguay | 2.9 | N/A | N/A | 0.1 | -67.5% |
| Colombia | 1.3 | N/A | N/A | N/A | 0% |
| Germany | 7.9 | N/A | N/A | N/A | 0% |
| Malaysia | 13.8 | 17.2 | N/A | N/A | 24.6% |
| India | 16.4 | 15.3 | N/A | N/A | -6.7% |
| Others | 1.6 | 2.6 | 3.6 | N/A | 50.0% |
| Total | 56.2 | 36.1 | 5.7 | 4.6 | -56.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Uruguay in 2022:
- Denmark (6.0 units)
- United States (3.0 units)
- Paraguay (3.0 units)
- Panama (2.0 units)
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