Ecuador: Non-Household Fan Market 2025

Non-Household Fan Market Size in Ecuador

The Ecuadorian non-household fan market dropped modestly to $X in 2022, with a decrease of -4.3% 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 relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Household Fan Exports

Exports from Ecuador

In 2022, exports of non-household ventilation fans from Ecuador fell remarkably to X units, dropping by -41.5% on the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 1,013% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-household fan exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 415% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units), Peru (X units) and Colombia (X units) were the main destinations of non-household fan exports from Ecuador, together comprising 39% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-household fan exported from Ecuador were Colombia ($X), Ethiopia ($X) and Brazil ($X), with a combined 22% share of total exports. The United States, Mexico, Poland, Bolivia, Chile, Peru and India lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Bolivia, with a CAGR of +46.2%, 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

In 2022, the average non-household fan export price amounted to $X per unit, with an increase of 6.5% against the previous year. Over the period under review, the export price enjoyed mild growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 276%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 Nigeria (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Ecuador

In 2022, imports of non-household ventilation fans into Ecuador shrank to X units, which is down by -7.9% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 46%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-household fan imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Ecuador, accounting for a 40% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.0% per year) and Taiwan (Chinese) (-6.7% per year).

In value terms, the largest non-household fan suppliers to Ecuador were China ($X), the United States ($X) and South Korea ($X), with a combined 33% share of total imports.

China, with a CAGR of +4.7%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average non-household fan import price amounted to $X per unit, surging by 6.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 45%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform