Ecuador: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Ecuador

The Ecuadorian pneumatic linear acting actuator market declined to $X in 2022, shrinking by -10.3% 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). Over the period under review, consumption, however, showed a notable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Ecuador

In 2022, approx. X units of pneumatic linear acting actuators were exported from Ecuador; falling by -20.8% against the previous year's figure. Over the period under review, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 353%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports contracted modestly to $X in 2022. In general, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2020 when exports increased by 446% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for pneumatic linear acting actuator exports from Ecuador, with a 51% share of total exports. Moreover, pneumatic linear acting actuator exports to Spain exceeded the volume sent to the second major destination, Colombia (X units), twofold. Canada (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at -25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-9.2% per year) and Canada (+26.7% per year).

In value terms, Spain ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Ecuador, comprising 63% of total exports. The second position in the ranking was taken by Canada ($X), with a 27% share of total exports. It was followed by Colombia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+73.1% per year) and Colombia (+19.3% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, increasing by 20% against the previous year. Overall, the export price recorded a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 China (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Ecuador

In 2022, the amount of pneumatic linear acting actuators imported into Ecuador declined slightly to X units, reducing by -2.2% on 2021 figures. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 76%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports dropped to $X in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 50%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of pneumatic linear acting actuator imports to Ecuador, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Ecuador, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.4% per year) and the United States (-2.2% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, falling by -11.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 28%. The import price peaked at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for South Korea ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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