Ecuador: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Ecuador

After two years of growth, the Ecuadorian agricultural harvester market decreased by X% to $X in 2022. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank dramatically in the following year.

Agricultural Harvester Production in Ecuador

In value terms, agricultural harvester production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Agricultural harvester production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Ecuador

In 2022, the amount of agricultural harvesters exported from Ecuador soared to X units, surging by X% compared with 2021. In general, exports, however, showed a sharp contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, agricultural harvester exports surged to $X in 2022. Overall, exports, however, continue to indicate a precipitous setback. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X units) and Guatemala (X units) were the main destinations of agricultural harvester exports from Ecuador. Moreover, agricultural harvester exports in Peru exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

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 X%).

In value terms, the largest markets for agricultural harvester exported from Ecuador were Peru ($X) and Guatemala ($X).

In terms of the main countries of destination, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Peru totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Ecuador

In 2022, overseas purchases of agricultural harvesters decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced rapidly in the following year.

In value terms, agricultural harvester imports declined notably to $X in 2022. Overall, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of agricultural harvester to Ecuador, with a X% share of total imports. Moreover, agricultural harvester imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), sixfold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of agricultural harvesters to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average agricultural harvester import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a deep setback. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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