Ecuador: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Ecuador

The Ecuadorian filling containers machinery market dropped significantly to $X in 2021, declining by -18.4% 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). Over the period under review, consumption continues to indicate a drastic downturn. Filling containers machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Exports

Exports from Ecuador

In 2021, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers increased by 11% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of 799%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, filling containers machinery exports surged to $X in 2021. In general, exports enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of 695% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X units), Colombia (X units) and China (X units) were the main destinations of filling containers machinery exports from Ecuador, with a combined 88% share of total exports. Peru, Chile, Spain and Panama lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +74.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for filling containers machinery exported from Ecuador were Colombia ($X), China ($X) and Pakistan ($X), together accounting for 80% of total exports. These countries were followed by Peru, Chile, Spain and Panama, which together accounted for a further 14%.

Spain, with a CAGR of +53.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 filling containers machinery export price amounted to $X per unit, picking up by 47% against the previous year. Overall, the export price saw a mild expansion. The growth pace was the most rapid in 2014 when the average export price increased by 561%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Pakistan ($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 Peru (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Filling Containers Machinery Imports

Imports into Ecuador

In 2021, imports of machinery for filling, closing, sealing, capsuling or labelling containers into Ecuador contracted to X units, falling by -11.6% compared with 2020 figures. Overall, imports faced a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 29%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, filling containers machinery imports declined dramatically to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest filling containers machinery supplier to Ecuador, with a 61% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.4% per year) and the United States (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Ecuador, comprising 33% of total imports. The second position in the ranking was held by the United States ($X), with an 8.3% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Germany (-32.3% per year).

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, falling by -5.2% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, filling containers machinery import price decreased by -36.7% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 53%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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