Ecuador: Computing Machinery Market 2024

Computing Machinery Market Size in Ecuador

The Ecuadorian computing machinery market skyrocketed to $X in 2021, jumping by 15% 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, continues to indicate a perceptible descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Computing Machinery Exports

Exports from Ecuador

In 2021, exports of computing machinery and parts and accessories thereof from Ecuador dropped modestly to X tons, falling by -4% on 2020. In general, exports recorded a deep slump. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports declined modestly to $X in 2021. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from Ecuador, with a 39% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fourfold. Colombia (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+0.7% per year) and Colombia (-2.3% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Ecuador, comprising 65% of total exports. The second position in the ranking was taken by Colombia ($X), with an 8.8% share of total exports. It was followed by Hong Kong SAR, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+14.9% per year) and Hong Kong SAR (-12.9% per year).

Export Prices by Country

The average computing machinery export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 125%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Ecuador

In 2021, the amount of computing machinery and parts and accessories thereof imported into Ecuador expanded remarkably to X tons, increasing by 12% compared with 2020. Overall, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 25%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports surged to $X in 2021. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of computing machinery imports to Ecuador.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +5.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Mexico ($X) were the largest computing machinery suppliers to Ecuador.

Among the main suppliers, China, with a CAGR of +10.4%, 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 mixed trend patterns.

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, rising by 3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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