Ecuador: Multitask Printer Market 2024

Multitask Printer Market Size in Ecuador

The Ecuadorian multitask printer market contracted modestly to $X in 2022, reducing by -2.9% 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, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Multitask Printer Exports

Exports from Ecuador

After two years of growth, shipments abroad of multitask printers, copymachines and facsimile machines decreased by -20% to X units in 2022. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2016 with an increase of 233% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, multitask printer exports shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2016 with an increase of 406% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for multitask printer exports from Ecuador, accounting for a 38% share of total exports. Moreover, multitask printer exports to Chile exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Peru (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-33.0% per year) and Peru (-14.9% per year).

In value terms, Chile ($X) remains the key foreign market for multitask printers, copymachines and facsimile machines exports from Ecuador, comprising 91% of total exports. The second position in the ranking was held by Panama ($X), with a 5.4% share of total exports. It was followed by Honduras, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-37.0% per year) and Honduras (-22.9% per year).

Export Prices by Country

The average multitask printer export price stood at $X per unit in 2022, with a decrease of -20.4% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2021 an increase of 190% against the previous year. The export price peaked 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Peru ($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 Chile (+0.6%), while the prices for the other major destinations experienced a decline.

Multitask Printer Imports

Imports into Ecuador

In 2022, after two years of growth, there was decline in supplies from abroad of multitask printers, copymachines and facsimile machines, when their volume decreased by -0.8% to X units. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 433%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, multitask printer imports declined modestly to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 307%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Panama (X units) constituted the largest multitask printer supplier to Ecuador, accounting for a 36% share of total imports. Moreover, multitask printer imports from Panama exceeded the figures recorded by the second-largest supplier, the Philippines (X units), threefold. Thailand (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Panama amounted to +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+7.4% per year) and Thailand (+50.7% per year).

In value terms, the largest multitask printer suppliers to Ecuador were the Philippines ($X), Thailand ($X) and the United States ($X), together comprising 52% of total imports. Vietnam, Panama, Indonesia and Brazil lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Brazil, with a CAGR of +113.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average multitask printer import price stood at $X per unit in 2022, which is down by -2.8% against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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