Ecuador: Accumulator Market 2024

Accumulator Market Size in Ecuador

In 2022, the Ecuadorian accumulator market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a resilient expansion. Accumulator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Accumulator Exports

Exports from Ecuador

In 2022, the amount of electric accumulators exported from Ecuador reached X units, increasing by X% compared with 2021 figures. Overall, total exports indicated notable growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, accumulator exports skyrocketed to $X in 2022. In general, total exports indicated a notable increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for accumulator exports from Ecuador, with a X% share of total exports. Moreover, accumulator exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X units), twofold. Colombia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Colombia (X% per year).

In value terms, the largest markets for accumulator exported from Ecuador were the United States ($X), the Dominican Republic ($X) and Colombia ($X), with a combined X% share of total exports. Chile, El Salvador, Venezuela, France and Barbados lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Accumulator Imports

Imports into Ecuador

In 2022, supplies from abroad of electric accumulators was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, accumulator imports expanded remarkably to $X in 2022. Overall, total imports indicated modest growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked 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 supplier of accumulator to Ecuador, accounting for a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Japan (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X), Colombia ($X) and the United States ($X) appeared to be the largest accumulator suppliers to Ecuador, with a combined X% share of total imports. Japan and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 accumulator import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 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 Colombia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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