Ecuador: Laser Market 2025

Laser Market Size in Ecuador

In 2021, the Ecuadorian laser market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed temperate growth. Laser consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Laser Exports

Exports from Ecuador

In 2021, after two years of growth, there was significant decline in shipments abroad of lasers, other than laser diodes, when their volume decreased by -64.7% to X units. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 780% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, laser exports dropped remarkably to $X in 2021. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 1,010%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for laser exports from Ecuador, accounting for a 72% share of total exports. Moreover, laser exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by China (X units), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.7% per year) and China (-90.6% per year).

In value terms, the largest markets for laser exported from Ecuador were China ($X), the UK ($X) and Sweden ($X), with a combined 60% share of total exports.

China, with a CAGR of +67.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average laser export price amounted to $X per unit, falling by -15.8% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 an increase of 148% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,641.6%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Ecuador

In 2021, supplies from abroad of lasers, other than laser diodes increased by 74% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 310%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, laser imports soared to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 184% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of laser to Ecuador, with a 86% share of total imports. Moreover, laser imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Mexico (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Mexico (+16.8% per year).

In value terms, the United States ($X), China ($X) and Israel ($X) constituted the largest laser suppliers to Ecuador, together accounting for 41% of total imports. The UK, Mexico and Panama lagged somewhat behind, together comprising a further 6.3%.

Mexico, with a CAGR of +44.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 laser import price stood at $X per unit in 2021, with an increase of 14% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laser import price decreased by -36.1% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 74%. The import price peaked at $X per unit in 2016; however, from 2017 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 Israel ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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