Report Update Nov 1, 2024

Ecuador - Ignition Magnetos, Magneto-Dynamos and Magnetic Flywheels - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Ignition Magneto Market 2024

Ignition Magneto Market Size in Ecuador

The Ecuadorian ignition magneto market skyrocketed to $X in 2021, increasing by 35% 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). In general, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Ignition Magneto Exports

Exports from Ecuador

In 2021, exports of ignition magnetos, magneto-dynamos and magnetic flywheels from Ecuador amounted to X units, approximately equating the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 667% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, ignition magneto exports stood at $X in 2021. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 408%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for ignition magneto exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +63.6%.

In value terms, the United States ($X) also remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +48.4%.

Export Prices by Country

In 2021, the average ignition magneto export price amounted to $X per unit, flattening at the previous year. In general, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -8.3% per year.

Ignition Magneto Imports

Imports into Ecuador

In 2021, ignition magneto imports into Ecuador soared to X units, jumping by 36% compared with the previous year. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 396% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ignition magneto imports soared to $X in 2021. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 144% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest ignition magneto supplier to Ecuador, accounting for a 86% share of total imports. It was followed by Germany (X units), with a 2.3% share of total imports. The Philippines (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.7% per year) and the Philippines (+55.0% per year).

In value terms, the largest ignition magneto suppliers to Ecuador were China ($X), the United States ($X) and Germany ($X), together comprising 62% of total imports.

China, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2021, which is down by -2.9% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ignition magnetos, magneto-dynamos and magnetic flywheels in the world?

The country with the largest volume of ignition magneto consumption was China, accounting for 26% of total volume. Moreover, ignition magneto consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 10% share.

What are the largest producers of ignition magnetos, magneto-dynamos and magnetic flywheels in the world?

China remains the largest ignition magneto producing country worldwide, comprising approx. 29% of total volume. Moreover, ignition magneto production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.4% share.

What are the leading suppliers of ignition magnetos, magneto-dynamos and magnetic flywheels to Ecuador?

In value terms, the largest ignition magneto suppliers to Ecuador were China, the Philippines and Germany, with a combined 56% share of total imports.

What is the average export price for ignition magnetos, magneto-dynamos and magnetic flywheels in Ecuador?

The average ignition magneto export price stood at $0.1 per unit in 2020, reducing by -99.4% against the previous year.

What is the average import price for ignition magnetos, magneto-dynamos and magnetic flywheels in Ecuador?

In 2020, the average ignition magneto import price amounted to $4.4 per unit, declining by -29.9% against the previous year.

This report provides an in-depth analysis of the ignition magneto market 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 29312150 - Ignition magnetos, magneto-dynamos and magnetic flywheels

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