Ecuador: Magnetic Media Market 2025

Magnetic Media Market Size in Ecuador

In 2021, the Ecuadorian magnetic media market increased by 0.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a drastic downturn. Magnetic media consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Ecuador

For the fifth consecutive year, Ecuador recorded decline in overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe, which decreased by -52.7% to X units in 2021. In general, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2016 when exports increased by 80%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports dropped notably to $X in 2021. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 3.5% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units), Mexico (X units) and Italy (X units) were the main destinations of magnetic media exports from Ecuador, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +19.0%), while the other leaders experienced a decline.

In value terms, Paraguay ($X), Mexico ($X) and Italy ($X) were the largest markets for magnetic media exported from Ecuador worldwide, together comprising 83% of total exports. These countries were followed by Costa Rica and the United States, which together accounted for a further 2.9%.

Costa Rica, with a CAGR of +6.5%, saw 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 a decline.

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 152%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Costa Rica ($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 Paraguay (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Ecuador

In 2021, purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe increased by 4.5% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 150% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports fell slightly to $X in 2021. Overall, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2017 when imports increased by 188%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), Panama (X units) and Brazil (X units) were the main suppliers of magnetic media imports to Ecuador, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +25.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest magnetic media suppliers to Ecuador were the United States ($X), Brazil ($X) and Sweden ($X), with a combined 81% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +51.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, shrinking by -6% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 an increase of 47%. The import price peaked at $X per unit in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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