Ecuador: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Ecuador

The Ecuadorian market for turbo, rotary and reciporating displacement compressors reduced dramatically to $X in 2022, with a decrease of -19.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Ecuador

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were exported from Ecuador; waning by -14.1% compared with the previous year. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 232%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors declined to $X in 2022. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 358% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Ecuador, accounting for a 51% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to the United States exceeded the volume sent to the second major destination, Thailand (X units), fourfold. Bangladesh (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+23.5% per year) and Bangladesh (-22.9% per year).

In value terms, the United States ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Ecuador, comprising 46% of total exports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-4.7% per year) and Thailand (+23.7% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, surging by 8.4% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for turbo, rotary and reciporating displacement compressors decreased by -9.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Bangladesh ($X 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 the United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Ecuador

After two years of growth, supplies from abroad of turbo, rotary and reciporating displacement compressors decreased by -26.7% to X units in 2022. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2021 when imports increased by 102% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors reduced to $X in 2022. Overall, imports showed a slight contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 43% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Ecuador, with a 84% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.1% per year) and the United States (-5.6% per year).

In value terms, China ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Ecuador, comprising 53% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.8% per year) and the United States (-12.5% per year).

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, growing by 25% against the previous year. Overall, the import price, however, saw a abrupt descent. The import price peaked at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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