Ecuador: Check Valve Market 2025

Check Valve Market Size in Ecuador

In 2021, the Ecuadorian check valve market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Check Valve Exports

Exports from Ecuador

In 2021, shipments abroad of check valves for pipes, boiler shells, tanks and vats decreased by -26.9% to X units, falling for the second year in a row after three years of growth. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 3,968% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, check valve exports soared to $X in 2021. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 2,741% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units) was the main destination for check valve exports from Ecuador, accounting for a 68% share of total exports. Moreover, check valve exports to Peru exceeded the volume sent to the second major destination, Colombia (X units), fourfold. Chile (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+9.9% per year) and Chile (-36.8% per year).

In value terms, Peru ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Ecuador, comprising 62% of total exports. The second position in the ranking was taken by Colombia ($X), with a 23% share of total exports. It was followed by the United States, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Peru stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+21.3% per year) and the United States (-26.2% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, with an increase of 111% against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 an increase of 153% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Panama ($X per unit), while the average price for exports to Chile ($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 Colombia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Ecuador

In 2021, after two years of decline, there was significant growth in overseas purchases of check valves for pipes, boiler shells, tanks and vats, when their volume increased by 25% to X units. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, check valve imports surged to $X in 2021. Overall, imports, however, showed a perceptible descent. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of check valve imports to Ecuador, with a combined 64% share of total imports. Spain, Thailand, the Netherlands, Brazil, the UK, Colombia, Mexico, South Korea, Norway and Canada lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +166.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) were the largest check valve suppliers to Ecuador, together accounting for 56% of total imports. Thailand, Norway, Spain, Italy, Colombia, the UK, South Korea, Brazil, Canada and Mexico lagged somewhat behind, together comprising a further 39%.

Norway, with a CAGR of +182.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, jumping by 33% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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