Ecuador: Breathing Appliances Market 2024

Breathing Appliances Market Size in Ecuador

The Ecuadorian breathing appliances market surged to $X in 2022, growing by 65% 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. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Breathing Appliances Exports

Exports from Ecuador

In 2022, overseas shipments of breathing appliances and gas masks were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2013 with an increase of 509% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, breathing appliances exports soared to $X in 2022. Overall, exports recorded modest growth. The pace of growth was the most pronounced in 2013 with an increase of 366% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units), Peru (X units) and Spain (X units) were the main destinations of breathing appliances exports from Ecuador, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for breathing appliances exported from Ecuador were Colombia ($X), Peru ($X) and Chile ($X), with a combined 62% share of total exports.

Colombia, with a CAGR of +107.2%, recorded the highest rates of growth with regard to the value of exports, among 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

The average breathing appliances export price stood at $X per unit in 2022, picking up by 4.4% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 110%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 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 Chile ($X per unit), while the average price for exports to Ethiopia ($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 Colombia (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Ecuador

Breathing appliances imports into Ecuador skyrocketed to X units in 2022, increasing by 62% against 2021. Over the period under review, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2017 when imports increased by 76% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, breathing appliances imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of breathing appliances to Ecuador, with a 56% share of total imports. Moreover, breathing appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Colombia (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.6% per year) and Colombia (+2.4% per year).

In value terms, Colombia ($X), the United States ($X) and China ($X) appeared to be the largest breathing appliances suppliers to Ecuador, together comprising 66% of total imports. Singapore, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 8%.

In terms of the main suppliers, Singapore, with a CAGR of +42.1%, saw the highest rates of growth with regard to 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

In 2022, the average breathing appliances import price amounted to $X per unit, surging by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 an increase of 14%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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