Ecuador: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Ecuador

The Ecuadorian pumps for liquids market fell rapidly to $X in 2022, with a decrease of -16.9% 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). Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.5% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Pumps For Liquids Exports

Exports from Ecuador

In 2022, shipments abroad of pumps for liquids increased by 23% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by 380% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pumps for liquids exports declined slightly to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 359% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Sudan (X units) was the main destination for pumps for liquids exports from Ecuador, accounting for a 62% share of total exports. Moreover, pumps for liquids exports to Sudan exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Nicaragua (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan amounted to +96.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.0% per year) and Nicaragua (+57.5% per year).

In value terms, the largest markets for pumps for liquids exported from Ecuador were Sudan ($X), the United States ($X) and Nicaragua ($X), with a combined 86% share of total exports.

Sudan, with a CAGR of +114.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pumps for liquids export price stood at $X per unit in 2022, which is down by -22.1% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the 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 the United States ($X per unit), while the average price for exports to Norway ($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 Sudan (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps For Liquids Imports

Imports into Ecuador

In 2022, approx. X units of pumps for liquids were imported into Ecuador; with a decrease of -13.8% compared with 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, pumps for liquids imports reduced sharply to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +28.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pumps for liquids to Ecuador, with a 84% share of total imports. Moreover, pumps for liquids imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.3% per year) and the United States (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of pumps for liquids to Ecuador, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Mexico, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.0% per year) and Mexico (+8.7% per year).

Import Prices by Country

The average pumps for liquids import price stood at $X per unit in 2022, reducing by -4.9% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 32%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 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 Mexico (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform