Ecuador: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Ecuador

The Ecuadorian continuous-action elevators and conveyors market contracted to $X in 2022, falling by X% 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 recorded a perceptible increase. Continuous-action elevators and conveyors consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Ecuador

In 2022, approx. X units of continuous-action elevators and conveyors were exported from Ecuador; reducing by X% against the previous year. Overall, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports shrank rapidly to $X in 2022. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), Brazil (X units) and Panama (X units) were the main destinations of continuous-action elevators and conveyors exports from Ecuador, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for continuous-action elevators and conveyors exported from Ecuador were Panama ($X), Brazil ($X) and Costa Rica ($X), together comprising X% of total exports.

Costa Rica, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Peru ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Continuous-Action Elevators And Conveyors

Imports into Ecuador

In 2022, the amount of continuous-action elevators and conveyors imported into Ecuador reduced to X units, with a decrease of X% against the previous year. Over the period under review, imports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports dropped dramatically to $X in 2022. Overall, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest continuous-action elevators and conveyors supplier to Ecuador, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, saw tangible growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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