Ecuador: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Ecuador

The Ecuadorian electric heating resistor market surged to $X in 2021, growing by 39% 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, however, showed a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports from Ecuador

In 2021, overseas shipments of electric heating resistors decreased by -96.7% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 3,211%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, electric heating resistor exports declined dramatically to $X in 2021. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,455% against the previous year. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

The United States (X units), Bolivia (X units) and Austria (X units) were the main destinations of electric heating resistor exports from Ecuador, with a combined 81% share of total exports. These countries were followed by Honduras, Slovenia, Panama and the Dominican Republic, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for electric heating resistors exports from Ecuador, comprising 72% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by China, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+19.9% per year) and China (-13.8% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, growing by 19% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Ecuador

Electric heating resistor imports into Ecuador soared to X units in 2021, picking up by 21% on the previous year. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric heating resistor imports soared to $X in 2021. In general, imports, however, saw a drastic downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and the United States (X units) were the main suppliers of electric heating resistor imports to Ecuador, with a combined 68% share of total imports. These countries were followed by Colombia, Italy, Germany and Mexico, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +18.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest electric heating resistor suppliers to Ecuador were the United States ($X), China ($X) and Brazil ($X), together comprising 53% of total imports. These countries were followed by Germany, Italy, Colombia and Mexico, which together accounted for a further 23%.

In terms of the main suppliers, Colombia, with a CAGR of +12.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, rising by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 an increase of 52% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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