Ecuador: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Ecuador

The Ecuadorian meat-preparation industrial machinery market expanded sharply to $X in 2022, with an increase of 5.4% 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). Overall, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in shipments abroad of industrial machinery for the preparation of meat or poultry, when their volume decreased by -35.3% to X units. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 192%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports contracted sharply to $X in 2022. Over the period under review, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 423% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for meat-preparation industrial machinery exports from Ecuador, with a 36% share of total exports. Moreover, meat-preparation industrial machinery exports to Mexico exceeded the volume sent to the second major destination, the United States (X units), fourfold. Colombia (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Colombia (0.0% per year).

In value terms, Mexico ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Ecuador, comprising 56% of total exports. The second position in the ranking was taken by Chile ($X), with a 25% share of total exports. It was followed by Peru, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+111.0% per year) and Peru (-13.9% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, with a decrease of -7.9% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 177%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 Chile ($X per unit), while the average price for exports to Panama ($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 Chile (+111.0%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Ecuador

In 2022, the amount of industrial machinery for the preparation of meat or poultry imported into Ecuador was estimated at X units, increasing by 7.8% on 2021 figures. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 125% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, meat-preparation industrial machinery imports totaled $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 185%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest meat-preparation industrial machinery supplier to Ecuador, accounting for a 70% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Spain (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.4% per year) and Spain (+33.8% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to Ecuador were Germany ($X), Mexico ($X) and China ($X), with a combined 52% share of total imports.

In terms of the main suppliers, China, with a CAGR of +11.1%, 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 meat-preparation industrial machinery import price stood at $X per unit in 2022, falling by -7% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 27% against the previous year. 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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