Ecuador: Printing Press Market 2024

Printing Press Market Size in Ecuador

The Ecuadorian printing press market shrank to $X in 2022, which is down by -8.9% 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 saw a abrupt downturn. Printing press consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Printing Press Exports

Exports from Ecuador

In 2022, printing press exports from Ecuador soared to X units, growing by 19% on the previous year. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 80%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports dropped modestly to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 207% against the previous year. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Colombia (X units) was the main destination for printing press exports from Ecuador, with a 58% share of total exports. Moreover, printing press exports to Colombia exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.6% per year) and Hong Kong SAR (+29.2% per year).

In value terms, Colombia ($X) emerged as the key foreign market for printing presses exports from Ecuador, comprising 55% of total exports. The second position in the ranking was held by Peru ($X), with a 22% share of total exports. It was followed by Hong Kong SAR, with a 20% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+60.3% per year) and Hong Kong SAR (+36.7% per year).

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, reducing by -18.7% against the previous year. Overall, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 144%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a 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 Peru ($X per unit), while the average price for exports to Guatemala ($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 (+175.3%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Ecuador

In 2022, the amount of printing presses imported into Ecuador dropped to X units, reducing by -11.5% against the year before. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 67% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, printing press imports totaled $X in 2022. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and the Czech Republic (X units) were the main suppliers of printing press imports to Ecuador, with a combined 47% share of total imports. Germany, Italy, Finland, Hong Kong SAR, Australia, Brazil, Colombia, Spain, the UK and Belgium lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +96.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest printing press suppliers to Ecuador were Germany ($X), the Czech Republic ($X) and Italy ($X), together comprising 31% of total imports. The United States, Spain, China, Colombia, Finland, Brazil, the UK, Hong Kong SAR, Belgium and Australia lagged somewhat behind, together comprising a further 19%.

Colombia, with a CAGR of +17.3%, 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

The average printing press import price stood at $X per unit in 2022, increasing by 13% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, printing press import price decreased by -0.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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