Ecuador: Market for Non-Motorised Hand-Operated Mechanical Floor Sweepers 2024

Market Size for Non-Motorised Hand-Operated Mechanical Floor Sweepers in Ecuador

In 2022, the Ecuadorian mechanical hand floor sweeper market decreased by -6.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.9% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Exports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Exports from Ecuador

In 2022, approx. X units of non-motorised hand-operated mechanical floor sweepers were exported from Ecuador; dropping by -47.7% on the previous year. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 703%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical hand floor sweeper exports reduced to $X in 2022. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 770% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), the United States (X units) and Chile (X units) were the main destinations of mechanical hand floor sweeper exports from Ecuador, together accounting for 83% of total exports. Panama, Sri Lanka, Honduras, Brazil and Peru lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Panama ($X) and Colombia ($X) were the largest markets for mechanical hand floor sweeper exported from Ecuador worldwide, with a combined 70% share of total exports. Chile, Sri Lanka, Peru, Honduras and Brazil lagged somewhat behind, together accounting for a further 22%.

Honduras, with a CAGR of +67.8%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average mechanical hand floor sweeper export price amounted to $X per unit, jumping by 80% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Colombia ($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 Honduras (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Imports into Ecuador

In 2022, overseas purchases of non-motorised hand-operated mechanical floor sweepers decreased by -4.9% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, mechanical hand floor sweeper imports fell to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Colombia (X units) constituted the largest supplier of mechanical hand floor sweeper to Ecuador, accounting for a 67% share of total imports. Moreover, mechanical hand floor sweeper imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Brazil (X units), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Brazil (+7.4% per year).

In value terms, China ($X), Colombia ($X) and Brazil ($X) were the largest mechanical hand floor sweeper suppliers to Ecuador, with a combined 85% share of total imports.

China, with a CAGR of +9.1%, saw the highest growth rate of 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 2022, the average mechanical hand floor sweeper import price amounted to $X per unit, falling by -2% against the previous year. In general, the import price saw a perceptible decrease. The growth pace was the most rapid in 2021 an increase of 8.1%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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