Ecuador: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in Ecuador

The Ecuadorian pressure-reducing iron valve market rose rapidly to $X in 2022, picking up by 13% 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). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Ecuador

Pressure-reducing iron valve exports from Ecuador declined sharply to X units in 2022, waning by -16.5% compared with 2021 figures. Overall, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 595% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports rose significantly to $X in 2022. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X units), the United States (X units) and Chile (X units) were the main destinations of pressure-reducing iron valve exports from Ecuador, together accounting for 95% of total exports. Peru and the Dominican Republic lagged somewhat behind, together accounting for a further 4.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pressure-reducing, control, check and safety valves exports from Ecuador, comprising 56% of total exports. The second position in the ranking was held by Colombia ($X), with a 28% share of total exports. It was followed by Chile, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-12.2% per year) and Chile (+3.4% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, the export price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 143%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to the Dominican Republic ($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 Bolivia (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into Ecuador

Pressure-reducing iron valve imports into Ecuador skyrocketed to X units in 2022, rising by 17% compared with the previous year's figure. In general, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 49% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports expanded sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and Italy (X units) were the main suppliers of pressure-reducing iron valve imports to Ecuador, with a combined 67% share of total imports. Germany, the United States, Mexico and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to Ecuador, comprising 33% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.6% per year) and China (+1.4% per year).

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, reducing by -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform