Report Update Nov 1, 2024

Ecuador - Boards, Panels, Consoles, Desks and Cabinets - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Ecuador

The Ecuadorian market for electrical boards, panels, consoles, desks and cabinets surged to $X in 2021, picking up by 60% 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). In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Ecuador

In 2021, shipments abroad of electrical boards, panels, consoles, desks and cabinets increased by 11% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of 635% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, electric board, desk and panel exports stood at $X in 2021. In general, exports, however, showed a slight slump. The pace of growth was the most pronounced in 2015 with an increase of 454% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for electric board, desk and panel exports from Ecuador, with a 93% share of total exports. Moreover, electric board, desk and panel exports to Colombia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia totaled +5.1%.

In value terms, Colombia ($X) emerged as the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Ecuador, comprising 92% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, declining by -6.3% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 110%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-4.8%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Ecuador

In 2021, the amount of electrical boards, panels, consoles, desks and cabinets imported into Ecuador skyrocketed to X units, increasing by 67% on the year before. Overall, imports, however, saw a mild descent. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric board, desk and panel imports surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Colombia (X units) and Spain (X units) were the main suppliers of electric board, desk and panel imports to Ecuador, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), China ($X) and Spain ($X) appeared to be the largest electric board, desk and panel suppliers to Ecuador, together accounting for 84% of total imports.

Among the main suppliers, Spain, with a CAGR of +27.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, with a decrease of -5.5% against the previous year. Overall, the import price showed a mild descent. The pace of growth appeared the most rapid in 2013 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), 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 boards, panels, consoles, desks and cabinets in the world?

China remains the largest electric control apparatus consuming country worldwide, comprising approx. 26% of total volume. Moreover, electric control apparatus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 10% share.

What are the largest producers of boards, panels, consoles, desks and cabinets in the world?

China constituted the country with the largest volume of electric control apparatus production, accounting for 27% of total volume. Moreover, electric control apparatus production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of boards, panels, consoles, desks and cabinets to Ecuador?

In value terms, Colombia, China and Spain were the largest electric control apparatus suppliers to Ecuador, together comprising 84% of total imports.

What are the leading importers of boards, panels, consoles, desks and cabinets from Ecuador?

In value terms, Colombia $271) emerged as the key foreign market for electric control apparatus exports from Ecuador, comprising 92% of total exports. The second position in the ranking was occupied by the United States $25), with an 8.4% share of total exports.

What is the average export price for boards, panels, consoles, desks and cabinets in Ecuador?

The average electric control apparatus export price stood at $5,288 per ton in 2021, with an increase of 33% against the previous year.

What is the average import price for boards, panels, consoles, desks and cabinets in Ecuador?

The average electric control apparatus import price stood at $5,780 per ton in 2021, with a decrease of -26.7% against the previous year.

This report provides an in-depth analysis of the market for electric board, desk and panel 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 27124030 - Boards, panels, consoles, desks, cabinets and other bases for apparatus for electric control or the distribution of electricity (excluding those equipped with their apparatus)

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