Ecuador: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Ecuador

In 2021, the Ecuadorian off-highway dumper market decreased by -97.4% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption recorded a sharp decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Off-Highway Dumper Exports

Exports from Ecuador

In 2021, approx. X units of dumpers for off-highway use were exported from Ecuador; remaining relatively unchanged against the year before. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 6,580% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports reached $X in 2021. Overall, exports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2019 with an increase of 10,339%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for off-highway dumper exports from Ecuador, accounting for a 86% share of total exports. Moreover, off-highway dumper exports to Chile exceeded the volume sent to the second major destination, Sudan (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +60.8%.

In value terms, Chile ($X) emerged as the key foreign market for dumpers for off-highway use exports from Ecuador, comprising 99% of total exports. The second position in the ranking was taken by Sudan ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +64.5%.

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2021, almost unchanged from the previous year. In general, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 143%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Sudan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Ecuador

In 2021, overseas purchases of dumpers for off-highway use decreased by -79.2% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2018 when imports increased by 403%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, off-highway dumper imports reduced notably to $X in 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 548%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X units), Sweden (X units) and South Korea (X units) were the main suppliers of off-highway dumper imports to Ecuador, together accounting for 77% of total imports. China, Thailand and the United States lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +17.6%), while imports for the other leaders experienced a decline.

In value terms, Sweden ($X) constituted the largest supplier of dumpers for off-highway use to Ecuador, comprising 50% of total imports. The second position in the ranking was held by Brazil ($X), with a 23% share of total imports. It was followed by Thailand, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.5% per year) and Thailand (+29.2% per year).

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, stabilizing at the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper import price decreased by -11.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained 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 Sweden ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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