Ecuador: Shaft Coupling Market 2024

Shaft Coupling Market Size in Ecuador

The Ecuadorian shaft coupling market fell to $X in 2022, which is down by -14.2% 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, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.2% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Shaft Coupling Exports

Exports from Ecuador

After two years of decline, shipments abroad of clutches and shaft couplings increased by 473% to X tons in 2022. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 651% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, shaft coupling exports surged to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 581% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Mexico (X tons) and Peru (X tons) were the main destinations of shaft coupling exports from Ecuador, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +40.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Ecuador were Colombia ($X), Peru ($X) and the United States ($X), together comprising 84% of total exports.

The United States, with a CAGR of +52.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 shaft coupling export price stood at $X per ton in 2022, dropping by -35.5% against the previous year. Overall, the export price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Ecuador

In 2022, approx. X tons of clutches and shaft couplings were imported into Ecuador; falling by -16.5% against the previous year. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports fell to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Ecuador, with a 51% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.0% per year) and Singapore (+164.2% per year).

In value terms, the United States ($X), China ($X) and Singapore ($X) were the largest shaft coupling suppliers to Ecuador, with a combined 61% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +223.7%, recorded 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 shaft coupling import price amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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