Report Update Nov 1, 2024

Ecuador - Electronic Machines and Appliances for Testing Metals - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Ecuador

The Ecuadorian electronic metal tester market skyrocketed to $X in 2021, rising by 45% 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). Over the period under review, consumption, however, continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Exports

Exports from Ecuador

In 2021, the amount of electronic machines and appliances for testing metals exported from Ecuador soared to X units, growing by 475% compared with the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 983%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic metal tester exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 269%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X units) was the main destination for electronic metal tester exports from Ecuador, with a 96% share of total exports. Moreover, electronic metal tester exports to Colombia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at -17.7%.

In value terms, the United States ($X) and Colombia ($X) constituted the largest markets for electronic metal tester exported from Ecuador worldwide.

The United States, with a CAGR of -7.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, reducing by -90.1% against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 504% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%).

Electronic Metal Tester Imports

Imports into Ecuador

In 2021, approx. X units of electronic machines and appliances for testing metals were imported into Ecuador; jumping by 124% on 2020. Overall, imports, however, saw a perceptible reduction. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electronic metal tester imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 160% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Saudi Arabia (X units) were the main suppliers of electronic metal tester imports to Ecuador, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +9.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest electronic metal tester suppliers to Ecuador were Spain ($X), the United States ($X) and China ($X), with a combined 50% share of total imports. These countries were followed by Japan, the Netherlands, Saudi Arabia and France, which together accounted for a further 27%.

In terms of the main suppliers, the Netherlands, with a CAGR of +33.6%, saw 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

In 2021, the average electronic metal tester import price amounted to $X per unit, falling by -35.1% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 203%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic machines and appliances for testing metals in the world?

South Africa remains the largest electronic metal tester consuming country worldwide, comprising approx. 81% of total volume. Moreover, electronic metal tester consumption in South Africa exceeded the figures recorded by the second-largest consumer, Italy, more than tenfold. The third position in this ranking was occupied by Germany, with a 3.2% share.

What are the largest producers of electronic machines and appliances for testing metals in the world?

The countries with the highest volumes of in 2021 were China, Germany and Italy, together comprising 75% of global production. These countries were followed by Taiwan Chinese), the UK, the Czech Republic and Turkey, which together accounted for a further 14%.

What are the leading suppliers of electronic machines and appliances for testing metals to Ecuador?

In value terms, the United States, China and Germany appeared to be the largest electronic metal tester suppliers to Ecuador, together comprising 84% of total imports.

What are the leading importers of electronic machines and appliances for testing metals from Ecuador?

In value terms, the largest markets for electronic metal tester exported from Ecuador were the United States and Colombia.

What is the average export price for electronic machines and appliances for testing metals in Ecuador?

In 2021, the average electronic metal tester export price amounted to $86 per unit, dropping by -90.3% against the previous year.

What is the average import price for electronic machines and appliances for testing metals in Ecuador?

The average electronic metal tester import price stood at $1,753 per unit in 2021, falling by -47.7% against the previous year.

This report provides an in-depth analysis of the electronic metal tester market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023