Ecuador: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Ecuador

The Ecuadorian market for instrument panel and wall clocks totaled $X in 2020, almost unchanged from 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 continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Instrument panel and wall clock consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Ecuador

After two years of growth, overseas shipments of instrument panel and wall clocks decreased by -X% to X kg in 2020. Overall, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, instrument panel and wall clock exports stood at $X in 2020. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for instrument panel and wall clock exports from Ecuador, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Colombia exceeded the volume sent to the second major destination, Peru (X kg), twofold. The United States (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Colombia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and the United States (+X% per year).

In value terms, the United States ($X) remains the key foreign market for instrument panel and wall clock exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and Peru (+X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, rising by X% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instrument Panel And Wall Clocks

Imports into Ecuador

In 2020, supplies from abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports reached $X in 2020. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) was the main instrument panel and wall clock supplier to Ecuador, accounting for a X% share of total imports. It was followed by Colombia (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to -X%.

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per ton), while the price for China totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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