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

Contents:

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

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

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $5,240 per unit, waning by -30% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The import price peaked at $9,332 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Brazil ($40,501 per unit), while the price for Turkey ($509 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.9%), 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 Guatemala (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $9,986 per unit, growing by 315% against the previous year. In general, the export price saw temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($11,967 per unit), while the average price for exports to Nicaragua ($111 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 Panama (+23.7%), 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 Guatemala

In 2022, approx. 384 units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were imported into Guatemala; growing by 9.7% compared with 2021. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 408 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs contracted rapidly to $2M in 2022. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil37821481077026.8%
United States1,165980503555-21.9%
China29.971.08.8268107.7%
Mexico30.682.110816274.3%
PolandN/A2.36.057.2398.7%
Italy12.183.616.346.256.3%
Germany81.048887.740.4-20.7%
Czech Republic32.820.818.812.8-26.9%
Singapore354340422N/A9.2%
Others452774639101-39.3%
Total2,5363,0552,6192,012-7.4%

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

  1. China (213.0 units)
  2. United States (44.0 units)
  3. Brazil (19.0 units)
  4. Poland (15.0 units)
  5. Mexico (13.0 units)
  6. Italy (6.0 units)
  7. Czech Republic (5.0 units)
  8. Germany (5.0 units)

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

In 2022, approx. 25 units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Guatemala; rising by 213% against the previous year's figure. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 344%. As a result, the exports reached the peak of 40 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs surged to $250K in 2022. Overall, exports saw significant growth. Over the period under review, the exports of reached the peak figure at $267K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras3.729.39.8227294.4%
AustriaN/AN/AN/A8.20%
Belize0.93.00.22.030.5%
El Salvador0.91160.52.030.5%
Nicaragua2.551.50.90.1-65.8%
Dominican Republic0.84.10.6N/A-13.4%
United States0.31.20.1N/A-42.3%
Costa Rica0.20.70.1N/A-29.3%
Mexico11.961.87.1N/A-22.8%
OthersN/AN/AN/A10.00%
Total21.226719.2250127.6%

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

  1. Honduras (19.0 units)
  2. Austria (2.0 units)
  3. El Salvador (1.0 units)
  4. Belize (1.0 units)
  5. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform

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