Ecuador: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Ecuador

The Ecuadorian geometrical quantities electronic measurer market dropped to $X in 2022, waning by -14.6% 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). In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.8% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Ecuador

After three years of decline, overseas shipments of electronic instruments and machines for measuring geometrical quantities increased by 11% to X units in 2022. Overall, exports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2018 when exports increased by 599% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports declined to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 562%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Spain (X units) and Panama (X units) were the main destinations of geometrical quantities electronic measurer exports from Ecuador, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +106.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Spain ($X) and Peru ($X) constituted the largest markets for geometrical quantities electronic measurer exported from Ecuador worldwide, together accounting for 66% of total exports.

Spain, with a CAGR of +92.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 geometrical quantities electronic measurer export price amounted to $X per unit, shrinking by -21.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 61%. The export price peaked at $X per unit in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Panama ($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 Chile (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Ecuador

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported into Ecuador; shrinking by -13.1% compared with the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, geometrical quantities electronic measurer imports dropped to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +21.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 51%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Ecuador, with a 56% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Italy (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and Italy (+15.3% per year).

In value terms, the largest geometrical quantities electronic measurer suppliers to Ecuador were the United States ($X), China ($X) and Germany ($X), together comprising 62% of total imports. Italy, South Korea, Mexico and Colombia lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Italy, with a CAGR of +15.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, with a decrease of -2.1% against the previous year. In general, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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