Report Update Nov 1, 2024

Ecuador - Ballasts for Discharge Lamps or Tubes - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Ecuador

The Ecuadorian ballast for discharge lamp market contracted to $X in 2021, with a decrease of -1.6% against the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Ecuador

In value terms, ballast for discharge lamp production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Ecuador

In 2021, overseas shipments of ballasts for discharge lamps or tubes increased by 48% to X units, rising for the third year in a row after four years of decline. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 488% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ballast for discharge lamp exports skyrocketed to $X in 2021. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 450%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X units), Russia (X units) and South Korea (X units) were the main destinations of ballast for discharge lamp exports from Ecuador, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ballast for discharge lamp exported from Ecuador were Brunei Darussalam ($X), Russia ($X) and Singapore ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +251.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ballast for discharge lamp export price stood at $X per unit in 2021, approximately mirroring the previous year. Overall, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of 24%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-5.9%), while the prices for the other major destinations experienced a decline.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Ecuador

In 2021, overseas purchases of ballasts for discharge lamps or tubes increased by 27% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, faced a deep reduction. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ballast for discharge lamp imports reached $X in 2021. In general, imports, however, saw a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Bulgaria (X units) were the main suppliers of ballast for discharge lamp imports to Ecuador, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +13.9%), while imports for the other leaders experienced a decline.

In value terms, the largest ballast for discharge lamp suppliers to Ecuador were Spain ($X), Bulgaria ($X) and Argentina ($X), with a combined 67% share of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +21.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, declining by -9.9% against the previous year. Overall, the import price, however, showed a measured increase. The growth pace was the most rapid in 2019 an increase of 47%. The import price peaked at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ballasts for discharge lamps or tubes in the world?

Hungary remains the largest ballast for discharge lamp consuming country worldwide, accounting for 39% of total volume. Moreover, ballast for discharge lamp consumption in Hungary exceeded the figures recorded by the second-largest consumer, China, threefold. Poland ranked third in terms of total consumption with an 11% share.

What are the largest producers of ballasts for discharge lamps or tubes in the world?

The countries with the highest volumes of in 2021 were Hungary, China and the United States, together accounting for 75% of global production.

What are the leading suppliers of ballasts for discharge lamps or tubes to Ecuador?

In value terms, the largest ballast for discharge lamp suppliers to Ecuador were Spain, Bulgaria and Colombia, together accounting for 79% of total imports.

What are the leading importers of ballasts for discharge lamps or tubes from Ecuador?

In value terms, Peru $676) remains the key foreign market for ballast for discharge lamp exports from Ecuador.

What is the average export price for ballasts for discharge lamps or tubes in Ecuador?

The average ballast for discharge lamp export price stood at $5.9 per unit in 2021, with a decrease of -65.6% against the previous year.

What is the average import price for ballasts for discharge lamps or tubes in Ecuador?

In 2021, the average ballast for discharge lamp import price amounted to $7.5 per unit, with an increase of 5.4% against the previous year.

This report provides an in-depth analysis of the market for ballast for discharge lamp in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27115013 - Inductors for discharge lamps or tubes
Prodcom 27115015 - Ballasts for discharge lamps or tubes (excluding inductors)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023