Ecuador: Circuit Breaker Market 2025

Circuit Breaker Market Size in Ecuador

The Ecuadorian circuit breaker market reduced notably to $X in 2022, waning by -15.2% 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, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then contracted sharply in the following year.

Circuit Breaker Exports

Exports from Ecuador

In 2022, shipments abroad of automatic circuit breakers increased by 13% to X units, rising for the fourth year in a row after six years of decline. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 252% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, circuit breaker exports declined dramatically to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 448% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Finland (X units), Colombia (X units) and Canada (X units) were the main destinations of circuit breaker exports from Ecuador, together accounting for 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +139.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Finland ($X) and Canada ($X) were the largest markets for circuit breaker exported from Ecuador worldwide, with a combined 71% share of total exports.

Finland, with a CAGR of +58.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, which is down by -36.6% against the previous year. Overall, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then reduced notably in the following year.

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 Italy ($X per unit), while the average price for exports to Trinidad and Tobago ($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 South Korea (+198.0%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Ecuador

In 2022, the amount of automatic circuit breakers imported into Ecuador declined remarkably to X units, waning by -15.3% compared with the previous year's figure. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2017 when imports increased by 222% against the previous year. Imports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, circuit breaker imports reduced dramatically to $X in 2022. In general, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 97% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Dominican Republic (X units) constituted the largest supplier of circuit breaker to Ecuador, accounting for a 40% share of total imports. Moreover, circuit breaker imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by China (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Dominican Republic stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.9% per year) and China (+21.0% per year).

In value terms, the largest circuit breaker suppliers to Ecuador were the United States ($X), the Dominican Republic ($X) and China ($X), together accounting for 65% of total imports.

The Dominican Republic, with a CAGR of +23.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average circuit breaker import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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