Ecuador: Memories Market 2025

Memories Market Size in Ecuador

In 2021, the Ecuadorian memories market decreased by -12% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a pronounced expansion. Memories consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Memories Exports

Exports from Ecuador

In 2021, the amount of multichip integrated circuits: memories exported from Ecuador soared to X units, growing by 129% on the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,250% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, memories exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 1,811% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units), Colombia (X units) and Mexico (X units) were the main destinations of memories exports from Ecuador, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +91.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Russia ($X) and Mexico ($X) constituted the largest markets for memories exported from Ecuador worldwide, with a combined 85% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +113.7%, recorded the highest rates of growth with regard to 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 memories export price stood at $X per unit in 2021, which is down by -26.1% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 266%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

Memories Imports

Imports into Ecuador

In 2021, overseas purchases of multichip integrated circuits: memories decreased by -4.4% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 517%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, memories imports shrank sharply to $X in 2021. In general, imports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2017 when imports increased by 486% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of memories imports to Ecuador, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +60.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of multichip integrated circuits: memories to Ecuador, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Taiwan (Chinese) (+43.6% per year).

Import Prices by Country

The average memories import price stood at $X per unit in 2021, which is down by -13.3% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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