Ecuador: Ignition Coil Market 2024

Ignition Coil Market Size in Ecuador

The Ecuadorian ignition coil market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ignition Coil Exports

Exports from Ecuador

In 2022, ignition coil exports from Ecuador surged to X units, picking up by X% on 2021. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ignition coil exports soared to $X in 2022. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Taiwan (Chinese) (X units) and Colombia (X units) were the main destinations of ignition coil exports from Ecuador, with a combined X% 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 Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ignition coil exported from Ecuador were the United States ($X), Taiwan (Chinese) ($X) and the UK ($X), together comprising X% of total exports. Colombia, Peru and Costa Rica lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 ignition coil export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a mild setback. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Coil Imports

Imports into Ecuador

In 2022, the amount of distributors and ignition coils imported into Ecuador expanded notably to X units, surging by X% against 2021 figures. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ignition coil imports expanded rapidly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ignition coil supplier to Ecuador, with a X% share of total imports. Moreover, ignition coil imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. The third position in this ranking was taken by Colombia (X units), with a X% share.

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

In value terms, the largest ignition coil suppliers to Ecuador were China ($X), South Korea ($X) and Brazil ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded 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

In 2022, the average ignition coil import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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