Ecuador: Line Telephone Market 2024

Line Telephone Market Size in Ecuador

The Ecuadorian line telephone market dropped to $X in 2022, with a decrease of -6.9% 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). Overall, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Line Telephone Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of line telephone sets with cordless handsets, when their volume decreased by -49.8% to X units. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,873%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, line telephone exports shrank significantly to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 4,697%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X units) was the main destination for line telephone exports from Ecuador, with a 70% share of total exports. Moreover, line telephone exports to Ireland exceeded the volume sent to the second major destination, Honduras (X units), fivefold. Bolivia (X units) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled +137.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+30.2% per year) and Bolivia (0.0% per year).

In value terms, Ireland ($X) emerged as the key foreign market for line telephone sets with cordless handsets exports from Ecuador, comprising 62% of total exports. The second position in the ranking was held by Honduras ($X), with a 7.4% share of total exports. It was followed by Norway, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland amounted to +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+41.0% per year) and Norway (0.0% per year).

Export Prices by Country

The average line telephone export price stood at $X per unit in 2022, surging by 1.7% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 143% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Guatemala ($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 (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Line Telephone Imports

Imports into Ecuador

In 2022, the amount of line telephone sets with cordless handsets imported into Ecuador dropped to X units, with a decrease of -5.7% on the year before. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 54%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, line telephone imports shrank to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 67%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of line telephone to Ecuador, accounting for a 71% share of total imports. Moreover, line telephone imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by Malaysia (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.9% per year) and Malaysia (-7.2% per year).

In value terms, China ($X) constituted the largest supplier of line telephone sets with cordless handsets to Ecuador, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.5% per year) and Malaysia (-11.0% per year).

Import Prices by Country

In 2022, the average line telephone import price amounted to $X per unit, with a decrease of -2.6% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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