Ecuador: Hydraulic Jack Market 2025

Hydraulic Jack Market Size in Ecuador

The Ecuadorian hydraulic jack market shrank markedly to $X in 2022, declining by -35.9% 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 recorded a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Jack Exports

Exports from Ecuador

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from Ecuador; growing by 32% compared with 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 722%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic jack exports surged to $X in 2022. In general, exports, however, showed a slight downturn. The pace of growth was the most pronounced in 2015 when exports increased by 637%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for hydraulic jack exports from Ecuador, accounting for a 42% share of total exports. Moreover, hydraulic jack exports to Germany exceeded the volume sent to the second major destination, Peru (X units), sixfold. The Netherlands (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+14.9% per year) and the Netherlands (+14.9% per year).

In value terms, Germany ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Ecuador, comprising 33% of total exports. The second position in the ranking was held by Thailand ($X), with a 16% share of total exports. It was followed by Chile, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-10.0% per year) and Chile (+13.1% per year).

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, dropping by -2.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 46%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Peru ($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 the Netherlands (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Ecuador

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were imported into Ecuador; waning by -42.4% compared with 2021. Over the period under review, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 95%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic jack imports shrank notably to $X in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 123%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main hydraulic jack supplier to Ecuador, accounting for a 93% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Ecuador, comprising 69% of total imports. The second position in the ranking was taken by Mexico ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.2%.

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, jumping by 26% against the previous year. Overall, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Mexico stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%).

Source: IndexBox Platform

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