Ecuador: Portable Electric Lamp Market 2025

Portable Electric Lamp Market Size in Ecuador

In 2022, after two years of growth, there was significant decline in the Ecuadorian portable electric lamp market, when its value decreased by -7.9% to $X. Over the period under review, consumption, however, recorded a noticeable slump. Portable electric lamp consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Portable Electric Lamp Exports

Exports from Ecuador

In 2022, approx. X units of portable electric lamps were exported from Ecuador; rising by 110% against the previous year's figure. Over the period under review, exports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 819% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, portable electric lamp exports soared to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 329%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units) was the main destination for portable electric lamp exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +46.3%.

In value terms, Colombia ($X) also remains the key foreign market for portable electric lamps exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to +45.7%.

Export Prices by Country

In 2022, the average portable electric lamp export price amounted to $X per unit, which is down by -20.6% against the previous year. Over the period under review, the export price recorded a slight downturn. The growth pace was the most rapid in 2016 an increase of 106% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +76.3% per year.

Portable Electric Lamp Imports

Imports into Ecuador

In 2022, approx. X units of portable electric lamps were imported into Ecuador; picking up by 1.7% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, portable electric lamp imports contracted to $X in 2022. Over the period under review, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main portable electric lamp supplier to Ecuador, with a 96% share of total imports. It was followed by the United States (X units), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.9% per year) and Hong Kong SAR (-30.5% per year).

In value terms, China ($X) constituted the largest supplier of portable electric lamps to Ecuador, comprising 87% of total imports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and Hong Kong SAR (-33.3% per year).

Import Prices by Country

In 2022, the average portable electric lamp import price amounted to $X per unit, declining by -12% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 the United States (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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