Ecuador: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Ecuador

The Ecuadorian non-self-propelled fork-lift truck market stood at $X in 2022, remaining constant 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). Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2020 indices. Non-self-propelled fork-lift truck consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Ecuador

In 2022, the amount of non-self-propelled fork-lift trucks exported from Ecuador declined notably to X units, reducing by -34.7% against the year before. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,350%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck exports fell notably to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 10,296%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

Sudan (X units) was the main destination for non-self-propelled fork-lift truck exports from Ecuador, accounting for a 84% share of total exports. Moreover, non-self-propelled fork-lift truck exports to Sudan exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was held by Colombia (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sudan stood at +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Colombia (0.0% per year).

In value terms, Sudan ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from Ecuador, comprising 98% of total exports. The second position in the ranking was held by Peru ($X), with a 1.4% share of total exports. It was followed by Germany, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan amounted to +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+57.6% per year) and Germany (+8.0% per year).

Export Prices by Country

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, reducing by -10.8% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 324%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to Spain ($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 Peru (+57.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Ecuador

In 2022, approx. X units of non-self-propelled fork-lift trucks were imported into Ecuador; with an increase of 4.6% on the previous year. In general, imports saw prominent growth. The growth pace was the most rapid in 2017 when imports increased by 185% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck imports shrank to $X in 2022. Overall, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 111% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of non-self-propelled fork-lift truck to Ecuador, with a 92% share of total imports. It was followed by Peru (X units), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.1%.

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to Ecuador, comprising 60% of total imports. The second position in the ranking was taken by Peru ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.3%.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, shrinking by -7.3% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2019 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Peru stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-6.2%).

Source: IndexBox Platform

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