Ecuador: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Ecuador

The Ecuadorian internal combustion engines market contracted rapidly to $X in 2021, with a decrease of -33.7% 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). In general, consumption saw a abrupt curtailment. Internal combustion engines consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Internal Combustion Engines Exports

Exports from Ecuador

In 2021, after two years of decline, there was significant growth in overseas shipments of motor vehicles compression-ignition internal combustion piston engines, when their volume increased by 9.5% to X units. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 2,180%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports reduced dramatically to $X in 2021. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 374% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units), the United States (X units) and Thailand (X units) were the main destinations of internal combustion engines exports from Ecuador, together comprising 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engines exported from Ecuador were Japan ($X), the United States ($X) and Peru ($X), with a combined 86% share of total exports. Thailand, France, Spain and Switzerland lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Thailand, with a CAGR of +33.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2021, dropping by -40.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 793% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Japan ($X per unit), while the average price for exports to Switzerland ($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 Thailand (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Internal Combustion Engines Imports

Imports into Ecuador

Internal combustion engines imports into Ecuador declined rapidly to X units in 2021, waning by -35.5% on 2020. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 231% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, internal combustion engines imports dropped to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 453% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X units) constituted the largest supplier of internal combustion engines to Ecuador, with a 81% share of total imports. Moreover, internal combustion engines imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +69.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.1% per year) and the United States (-36.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of motor vehicles compression-ignition internal combustion piston engines to Ecuador, comprising 90% of total imports. The second position in the ranking was taken by China ($X), with a 2.9% share of total imports. It was followed by Belarus, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.1% per year) and Belarus (-29.2% per year).

Import Prices by Country

In 2021, the average internal combustion engines import price amounted to $X per unit, increasing by 35% against the previous year. In general, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 256% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average 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 Belarus ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+13.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :