Ecuador: Prisms And Mirrors Market 2025

Prisms And Mirrors Market Size in Ecuador

The Ecuadorian prisms and mirrors market surged to $X in 2022, rising by 103% 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). Overall, consumption, however, showed a pronounced decline. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prisms And Mirrors Exports

Exports from Ecuador

In 2022, approx. X kg of prisms and mirrors were exported from Ecuador; falling by -40% compared with 2021 figures. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 1,060% against the previous year. As a result, the exports reached the peak of X kg. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prisms and mirrors exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of 15,850% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg), China (X kg) and Switzerland (X kg) were the main destinations of prisms and mirrors exports from Ecuador, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for prisms and mirrors exports from Ecuador, comprising 74% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+26.4% per year) and Germany (0.0% per year).

Export Prices by Country

In 2022, the average prisms and mirrors export price amounted to $X per ton, declining by -9.1% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 1,275%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Ecuador

In 2022, imports of prisms and mirrors into Ecuador surged to X tons, jumping by 52% against the previous year. In general, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 246%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prisms and mirrors imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Panama (X tons), the United States (X tons) and China (X kg) were the main suppliers of prisms and mirrors imports to Ecuador, together comprising 76% of total imports. Germany, Taiwan (Chinese), Italy and South Korea lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +63.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of prisms and mirrors to Ecuador, comprising 65% of total imports. The second position in the ranking was held by Panama ($X), with a 13% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+19.2% per year) and Germany (-11.3% per year).

Import Prices by Country

In 2022, the average prisms and mirrors import price amounted to $X per ton, surging by 59% against the previous year. In general, the import price, however, showed a pronounced decrease. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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