Ecuador: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in Ecuador

In 2022, after two years of growth, there was significant decline in the Ecuadorian non-electric motor handtools market, when its value decreased by -13.5% to $X. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +23.4% against 2019 indices. Non-electric motor handtools consumption peaked at $X in 2021, and then dropped in the following year.

Non-Electric Motor Handtools Exports

Exports from Ecuador

In 2022, the amount of handtools, hydraulic or with a self-contained non-electric motor exported from Ecuador soared to X units, growing by 27% on the previous year. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 242% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-electric motor handtools exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 592%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units), Peru (X units) and Poland (X units) were the main destinations of non-electric motor handtools exports from Ecuador, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Ecuador, comprising 57% of total exports. The second position in the ranking was taken by Colombia ($X), with a 16% share of total exports. It was followed by Peru, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to -21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+1.0% per year) and Peru (+2.3% per year).

Export Prices by Country

In 2022, the average non-electric motor handtools export price amounted to $X per unit, growing by 46% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 103% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Canada ($X per unit), while the average price for exports to Spain ($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 Mexico (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Motor Handtools Imports

Imports into Ecuador

Non-electric motor handtools imports into Ecuador fell to X units in 2022, with a decrease of -12% on the previous year. Overall, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 64% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric motor handtools imports declined 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 +1.8% 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 +29.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Ecuador, with a 65% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. Germany (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.0% per year) and Germany (+10.2% per year).

In value terms, Brazil ($X), China ($X) and Germany ($X) appeared to be the largest non-electric motor handtools suppliers to Ecuador, together accounting for 84% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +8.6%, saw the highest rates of growth with regard to 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 non-electric motor handtools import price stood at $X per unit in 2022, dropping by -2.5% against the previous year. In general, the import price saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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