Report Update Nov 1, 2024

Ecuador - Lifting Equipment Designed for Mounting on Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Ecuador

After two years of decline, the Ecuadorian mounting lifting equipment market increased by 45% to $X in 2021. Overall, consumption, however, saw a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports from Ecuador

In 2021, overseas shipments of lifting equipment designed for mounting on road vehicles increased by 67% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a moderate increase. The pace of growth was the most pronounced in 2020 when exports increased by 200% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, mounting lifting equipment exports amounted to $X in 2021. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 464%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Colombia (X units) was the main destination for mounting lifting equipment exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at +2.5%.

In value terms, Colombia ($X) emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +13.7%.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, dropping by -38.1% against the previous year. Overall, the export price, however, saw a moderate increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 313%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +57.9% per year.

Mounting Lifting Equipment Imports

Imports into Ecuador

In 2021, supplies from abroad of lifting equipment designed for mounting on road vehicles was finally on the rise to reach X units after five years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mounting lifting equipment imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 111% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Mexico (X units) and the Netherlands (X units) were the main suppliers of mounting lifting equipment imports to Ecuador, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +50.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Italy ($X) constituted the largest mounting lifting equipment suppliers to Ecuador, together accounting for 51% of total imports. The United States, the Netherlands, Spain, Argentina, Canada and Mexico lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Mexico, with a CAGR of +21.2%, recorded the highest growth rate of 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

In 2021, the average mounting lifting equipment import price amounted to $X per unit, falling by -28.9% against the previous year. Over the period under review, the import price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 129% against the previous year. The import price peaked at $X per unit in 2020, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+62.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment consumption in 2020 were Belgium, China and the United States, with a combined 52% share of global consumption.

What are the largest producers of lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment production in 2020 were Belgium, China and the United States, with a combined 50% share of global production.

What are the leading suppliers of lifting equipment designed for mounting on road vehicles to Ecuador?

In value terms, the United States constituted the largest supplier of mounting lifting equipment to Ecuador, comprising 75% of total imports. The second position in the ranking was occupied by Italy, with an 18% share of total imports. It was followed by Spain, with a 2.7% share.

What is the average export price for lifting equipment designed for mounting on road vehicles in Ecuador?

The average mounting lifting equipment export price stood at $10,956 per unit in 2020, which is down by -2.7% against the previous year.

What is the average import price for lifting equipment designed for mounting on road vehicles in Ecuador?

In 2020, the average mounting lifting equipment import price amounted to $21,071 per unit, waning by -28.5% against the previous year.

This report provides an in-depth analysis of the mounting lifting equipment 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 28221460 - Lifting equipment designed for mounting on road vehicles

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