Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador - 2022

Contents:

  1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (CIF) - 2022
  2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (FOB) - 2022
  3. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador
  4. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $11,151 per unit, growing by 3.8% against the previous year. In general, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. The import price peaked at $23,741 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Colombia ($27,099 per unit), while the price for China ($4,508 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $12,368 per unit, with a decrease of -52.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 171% against the previous year. As a result, the export price attained the peak level of $39,843 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($26,070 per unit), while the average price for exports to the United States ($429 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 Austria (+198.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador

In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs imported into Ecuador skyrocketed to 870 units, picking up by 28% on the year before. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. Imports peaked at 1.2K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $9.7M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 107%. Imports peaked at $14M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.60.61.42.312.9%
Colombia0.80.40.91.831.0%
Brazil0.90.92.71.621.1%
United States2.60.41.11.2-22.7%
Czech Republic0.10.10.10.9108.0%
Singapore5.10.3N/A0.6-51.0%
Saudi Arabia1.2N/AN/AN/A0%
Others1.40.71.01.40.0%
Total13.53.57.39.7-10.4%

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Ecuador in 2022:

  1. China (501.0 units)
  2. Brazil (145.0 units)
  3. Colombia (65.0 units)
  4. United States (51.0 units)
  5. Czech Republic (44.0 units)
  6. Singapore (27.0 units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador

In 2022, after two years of decline, there was significant growth in shipments abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, when their volume increased by 250% to 28 units. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $346K in 2022. Over the period under review, exports showed moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 132% against the previous year. As a result, the exports reached the peak of $717K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ColombiaN/A15.1N/A254310.1%
MexicoN/AN/AN/A52.10%
Austria0.5N/A90.113.4199.3%
Peru17284.920.913.4-57.3%
Germany30.4N/AN/A8.2-35.4%
United StatesN/AN/AN/A5.20%
SpainN/A0.43.0N/A650.0%
United KingdomN/A606N/AN/A0%
Brazil68.1N/AN/AN/A0%
Canada6.710.1N/AN/A50.7%
Others30.90.493.1N/A73.6%
Total3097172073463.8%

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Ecuador in 2022:

  1. United States (12.0 units)
  2. Colombia (10.0 units)
  3. Mexico (2.0 units)
  4. Austria (1.0 units)
  5. Germany (1.0 units)
  6. Peru (1.0 units)

Source: IndexBox Market Intelligence Platform

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