Report Update Nov 1, 2024

Ecuador - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Ecuador

The Ecuadorian market for grinding, sanding and polishing machines surged to $X in 2021, picking up by 281% 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 enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Grinding, Sanding and Polishing Machines

Exports from Ecuador

Grinding, sanding and polishing machine exports from Ecuador shrank remarkably to X units in 2021, declining by -96.7% on 2020. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 39,895%. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, grinding, sanding and polishing machine exports contracted remarkably to $X in 2021. In general, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 29,416%. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Ecuador, with a 99% share of total exports. It was followed by Colombia (X units), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +56.0%.

In value terms, the United States ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Ecuador, comprising 97% of total exports. The second position in the ranking was held by Colombia ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +16.0%.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, falling by -37.8% against the previous year. In general, the export price faced a dramatic slump. The growth pace was the most rapid in 2013 an increase of 65% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-17.8%).

Imports of Grinding, Sanding and Polishing Machines

Imports into Ecuador

For the fifth year in a row, Ecuador recorded growth in purchases abroad of grinding, sanding and polishing machines, which increased by 29% to X units in 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 110% 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, grinding, sanding and polishing machine imports surged to $X in 2021. In general, imports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 98%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of grinding, sanding and polishing machine to Ecuador, with a 91% share of total imports. It was followed by Italy (X units), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +49.3%.

In value terms, China ($X) and Italy ($X) constituted the largest grinding, sanding and polishing machine suppliers to Ecuador.

Italy, with a CAGR of +156.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -5.2% against the previous year. Overall, the import price recorded a dramatic decrease. The growth pace was the most rapid in 2017 an increase of 10% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+32.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding, sanding and polishing machines in the world?

The countries with the highest volumes of grinding, sanding and polishing machine consumption in 2021 were the United States, China and the Netherlands, together comprising 37% of global consumption.

What are the largest producers of grinding, sanding and polishing machines in the world?

China remains the largest grinding, sanding and polishing machine producing country worldwide, accounting for 43% of total volume. Moreover, grinding, sanding and polishing machine production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Japan, with a 5.5% share.

What are the leading suppliers of grinding, sanding and polishing machines to Ecuador?

In value terms, China, Italy and Germany constituted the largest grinding, sanding and polishing machine suppliers to Ecuador, together comprising 72% of total imports. These countries were followed by India and the United States, which together accounted for a further 14%.

What are the leading importers of grinding, sanding and polishing machines from Ecuador?

In value terms, the United States $378) remains the key foreign market for grinding, sanding and polishing machine exports from Ecuador.

What is the average export price for grinding, sanding and polishing machines in Ecuador?

In 2021, the average export price for grinding, sanding and polishing machines amounted to $19 per unit, reducing by -18.7% against the previous year.

What is the average import price for grinding, sanding and polishing machines in Ecuador?

The average import price for grinding, sanding and polishing machines stood at $327 per unit in 2021, reducing by -9.6% against the previous year.

This report provides an in-depth analysis of the market for grinding, sanding and polishing machine 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials

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