Price for Electric Motors; AC Motors, Single-Phase in Argentina - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Argentina (CIF) - 2023
- Price for Electric Motors; AC Motors, Single-Phase in Argentina (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Argentina
- Exports of Electric Motors; AC Motors, Single-Phase in Argentina
Price for Electric Motors; AC Motors, Single-Phase in Argentina (CIF) - 2023
The average import price for electric motors; AC motors, single-phases stood at $8.5 per unit in June 2023, flattening at the previous month. Overall, the import price recorded a slight decrease. The growth pace was the most rapid in April 2023 an increase of 66% m-o-m. As a result, import price reached the peak level of $9.9 per unit. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.3% per month.
Price for Electric Motors; AC Motors, Single-Phase in Argentina (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $19 per unit, which is down by -49% against the previous year. Overall, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 148%. As a result, the export price reached the peak level of $38 per unit, and then contracted dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -0.9% per year.
Imports of Electric Motors; AC Motors, Single-Phase in Argentina
In 2022, the amount of electric motors; AC motors, single-phases imported into Argentina surged to 7.1M units, increasing by 49% compared with 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, electric motors; AC motors, single-phase imports skyrocketed to $53M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electric Motors; AC Motors, Single-Phase in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 22.3 | 32.9 | 48.1 | 50.9% |
| Taiwan (Chinese) | 1.1 | 0.4 | 0.9 | 1.2 | 2.9% |
| Others | 2.4 | 2.3 | 3.1 | 3.2 | 10.1% |
| Total | 17.5 | 25.0 | 36.9 | 52.5 | 44.2% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Argentina in 2022:
- China (6.9M units)
- Taiwan (Chinese) (0.1M units)
Exports of Electric Motors; AC Motors, Single-Phase in Argentina
In 2022, shipments abroad of electric motors; AC motors, single-phases increased by 2,062% to 114K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp setback. The exports peaked at 326K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric motors; AC motors, single-phase exports skyrocketed to $2.2M in 2022. In general, exports, however, showed a dramatic slump. The exports peaked at $4.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.5 | 1.7 | N/A | 2.1 | -22.4% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 4.6 | 1.8 | 0.2 | 2.2 | -21.8% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Argentina in 2022:
- Brazil (112.1K units)
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1210
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