Ecuador: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Ecuador

In 2021, the Ecuadorian non-electronic hydro- and hygrometers market increased by 19% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption recorded moderate growth. Non-electronic hydro- and hygrometers consumption peaked in 2021 and is likely to see steady growth in years to come.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Ecuador

In 2021, non-electronic hydro- and hygrometers exports from Ecuador skyrocketed to X units, with an increase of 358% on the year before. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 822% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Over the period under review, exports, however, saw a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Mexico (X units) and Argentina (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Ecuador, with a combined 55% 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 the Netherlands (with a CAGR of +318.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from Ecuador were the Netherlands ($X), Argentina ($X) and Mexico ($X), with a combined 31% share of total exports.

The Netherlands, with a CAGR of +163.9%, recorded the highest rates of growth with regard to the value of exports, among 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 non-electronic hydro- and hygrometers export price amounted to $X per unit, picking up by 33% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 120% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the Netherlands ($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 Mexico (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Ecuador

In 2021, overseas purchases of non-electronic hydro-, hygro-, psychrometers increased by 15% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, non-electronic hydro- and hygrometers imports skyrocketed to $X in 2021. Overall, imports continue to indicate slight growth. The most prominent rate of growth was recorded in 2017 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Ecuador, accounting for a 64% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Spain (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.5% per year) and Spain (+31.3% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Ecuador were the United States ($X), China ($X) and Israel ($X), together comprising 61% of total imports.

Israel, with a CAGR of +94.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, jumping by 24% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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