Ecuador: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Ecuador

The Ecuadorian electric oven and cooker market contracted significantly to $X in 2022, waning by -20% against the previous year. Overall, consumption, however, recorded a resilient increase. Electric oven and cooker consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Ecuador

In value terms, electric oven and cooker production rose modestly to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 126% against the previous year. Electric oven and cooker production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Ecuador

In 2022, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were finally on the rise to reach X units after two years of decline. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 561% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electric oven and cooker exports contracted modestly to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 752%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units) was the main destination for electric oven and cooker exports from Ecuador, accounting for a 64% share of total exports. Moreover, electric oven and cooker exports to Colombia exceeded the volume sent to the second major destination, Peru (X units), fourfold. Guatemala (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+30.0% per year) and Guatemala (+86.8% per year).

In value terms, Colombia ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Ecuador, comprising 63% of total exports. The second position in the ranking was held by Peru ($X), with a 17% share of total exports. It was followed by Guatemala, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+32.6% per year) and Guatemala (+143.6% per year).

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, which is down by -7.7% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker export price increased by +89.0% against 2013 indices. The growth pace was the most rapid in 2014 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per unit) and Guatemala ($X per unit), while the average price for exports to Peru ($X per unit) and Jamaica ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Ecuador

In 2022, after two years of growth, there was significant decline in supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -25.4% to X units. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 374%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, electric oven and cooker imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2014 with an increase of 293%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main electric oven and cooker supplier to Ecuador, with a 91% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.5% per year) and Spain (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Ecuador, comprising 51% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.4% per year) and the United States (-12.1% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, growing by 2.7% against the previous year. Overall, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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