Price for Electric Motors; of an Output Not Exceeding 37.5W in Venezuela - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Venezuela
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Venezuela
Price for Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (CIF) - 2022
The average import price for electric motors stood at $30 per unit in 2022, picking up by 12% against the previous year. Overall, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2020 when the average import price increased by 84% against the previous year. Over the period under review, average import prices hit record highs at $43 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($110 per unit), while the price for Brazil ($8.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (FOB) - 2022
In 2022, the average export price for electric motors amounted to $62 per unit, picking up by 129% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 168%. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($69 per unit), while the average price for exports to Panama stood at $51 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.9%), 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 Venezuela
In 2022, the amount of electric motors imported into Venezuela surged to 52K units, picking up by 31% compared with the previous year's figure. Overall, imports, however, saw a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 193% against the previous year. Imports peaked at 128K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors soared to $1.6M in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 140%. Over the period under review, imports of hit record highs at $2.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.8 | 177 | 564 | 880 | 114.0% |
| United States | 1,923 | 127 | 277 | 415 | -40.0% |
| Brazil | 88.8 | 26.3 | 189 | 131 | 13.8% |
| Colombia | 31.6 | N/A | 1.1 | 94.8 | 44.2% |
| Others | 187 | 119 | 47.1 | 56.3 | -33.0% |
| Total | 2,321 | 450 | 1,079 | 1,577 | -12.1% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Venezuela in 2022:
- United States (24.8K units)
- Brazil (15.7K units)
- China (8.0K units)
- Colombia (3.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Venezuela
In 2022, overseas shipments of electric motors decreased by -71.2% to 497 units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 669% against the previous year. As a result, the exports reached the peak of 5.9K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electric motors dropped remarkably to $31K in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 346% against the previous year. As a result, the exports reached the peak of $71K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | N/A | N/A | 21.6 | 0% |
| Panama | 2.0 | N/A | N/A | 9.4 | 67.5% |
| Poland | 8.4 | 63.1 | N/A | N/A | 651.2% |
| Dominican Republic | N/A | 3.6 | N/A | N/A | 0% |
| Trinidad and Tobago | N/A | 3.3 | N/A | N/A | 0% |
| Canada | N/A | 0.2 | 38.7 | N/A | 19250.0% |
| Others | 5.7 | 1.1 | 8.3 | N/A | 20.7% |
| Total | 16.0 | 71.4 | 47.0 | 31.0 | 24.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Venezuela in 2022:
- Guatemala (312.0 units)
- Panama (185.0 units)
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