Ecuador: Chromatograph Market 2025

Chromatograph Market Size in Ecuador

The Ecuadorian chromatograph market contracted markedly to $X in 2022, declining by -28.2% 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). In general, consumption showed a pronounced contraction. Chromatograph consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Chromatograph Exports

Exports from Ecuador

In 2022, shipments abroad of chromatographs and electrophoresis instruments increased by 33% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of 400% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, chromatograph exports surged to $X in 2022. In general, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 2,303% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Canada (X units) and Colombia (X units) were the main destinations of chromatograph exports from Ecuador, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for chromatographs and electrophoresis instruments exports from Ecuador, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.8% per year) and Canada (+1.4% per year).

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 381%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Canada ($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 (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Chromatograph Imports

Imports into Ecuador

In 2022, the amount of chromatographs and electrophoresis instruments imported into Ecuador reduced sharply to X units, which is down by -28.2% compared with 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 67%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, chromatograph imports shrank dramatically to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest chromatograph supplier to Ecuador, with a 34% share of total imports. Moreover, chromatograph imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Brazil (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and Brazil (+28.2% per year).

In value terms, the largest chromatograph suppliers to Ecuador were the United States ($X), Germany ($X) and Spain ($X), together accounting for 45% of total imports. Japan, Brazil, Canada, France, Chile, Ireland, Taiwan (Chinese), Bolivia, China and the UK lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +53.6%, 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 chromatograph import price stood at $X per unit in 2022, with an increase of 2.1% against the previous year. Over the period under review, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2019 an increase of 90%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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