Ecuador: Electrical Transformer Market 2024

Electrical Transformer Market Size in Ecuador

The Ecuadorian electrical transformer market dropped significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a mild increase. Electrical transformer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electrical Transformer Production in Ecuador

In value terms, electrical transformer production totaled $X in 2022 estimated in export price. In general, production continues to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 when the production volume decreased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Transformer Exports

Exports from Ecuador

Electrical transformer exports from Ecuador shrank notably to X units in 2022, with a decrease of X% against the year before. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical transformer exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electrical transformer exports from Ecuador, with a X% share of total exports. Moreover, electrical transformer exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. Peru (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for electrical transformers exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Colombia ($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 Guatemala (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Ecuador

In 2022, after four years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, electrical transformer imports declined to $X in 2022. Over the period under review, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Ecuador, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of electrical transformers to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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