Ecuador: Wood Drilling Machine Market 2025

Wood Drilling Machine Market Size in Ecuador

The Ecuadorian wood drilling machine market expanded rapidly to $X in 2021, increasing by 6.2% against the previous year. In general, consumption enjoyed strong growth. Wood drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in Ecuador

In value terms, wood drilling machine production stood at $X in 2021 estimated in export price. Overall, production recorded a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 71% against the previous year. Wood drilling machine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Ecuador

Wood drilling machine exports from Ecuador soared to X units in 2021, with an increase of 1,400% compared with 2020 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 12,466%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Cuba (X units) was the main destination for wood drilling machine exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Cuba amounted to +25.1%.

In value terms, Cuba ($X) emerged as the key foreign market for drilling or morticing machines exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Cuba amounted to +41.3%.

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, rising by 8.5% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 6,584%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2021, the rate of growth in terms of prices for Cuba amounted to +13.8% per year.

Wood Drilling Machine Imports

Imports into Ecuador

In 2021, the amount of drilling or morticing machines imported into Ecuador soared to X units, increasing by 104% on the year before. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 422%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 160%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to Ecuador, accounting for a 64% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+58.2% per year) and Germany (+17.2% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest wood drilling machine suppliers to Ecuador, together accounting for 77% of total imports.

Japan, with a CAGR of +56.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, waning by -18% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2017 an increase of 107% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :