Ecuador: Electronic Chip Market 2025

Electronic Chip Market Size in Ecuador

The Ecuadorian electronic chip market amounted to $X in 2021, increasing by 7.5% against the previous year. Over the period under review, consumption saw a buoyant increase. Electronic chip consumption peaked in 2021 and is likely to see steady growth in the near future.

Electronic Chip Production in Ecuador

In value terms, electronic chip production reduced slightly to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +87.8% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Electronic Chip Exports

Exports from Ecuador

In 2021, the amount of electronic chips exported from Ecuador fell to X units, which is down by -6.1% against 2020. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 184%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, electronic chip exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 150%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electronic chip exports from Ecuador, accounting for a 44% share of total exports. Moreover, electronic chip exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X units), threefold. The third position in this ranking was held by Mexico (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+24.4% per year) and Mexico (+80.6% per year).

In value terms, Mexico ($X), the United States ($X) and Canada ($X) constituted the largest markets for electronic chip exported from Ecuador worldwide, together accounting for 54% of total exports. These countries were followed by Austria, Belgium, Colombia, Peru, Costa Rica and the Dominican Republic, which together accounted for a further 14%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +107.4%, recorded 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

The average electronic chip export price stood at $X per unit in 2021, waning by -20.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 162%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Costa Rica (less than $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 Algeria (+839.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Ecuador

Electronic chip imports into Ecuador expanded markedly to X units in 2021, growing by 8.8% compared with 2020. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 108% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, electronic chip imports skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of 98% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electronic chip to Ecuador, with a 74% share of total imports. Moreover, electronic chip imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and Hong Kong SAR (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of electronic chips to Ecuador, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total imports. It was followed by Hong Kong SAR, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and Hong Kong SAR (-9.5% per year).

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, picking up by 6% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 76%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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