Ecuador: Relay Market 2025

Relay Market Size in Ecuador

The Ecuadorian relay market plummeted to $X in 2022, dropping by -17.9% 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 temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +30.6% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Relay Exports

Exports from Ecuador

For the third year in a row, Ecuador recorded growth in overseas shipments of relays, which increased by 29% to X units in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, relay exports contracted to $X in 2022. Over the period under review, exports saw tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by 98%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Ireland (X units) was the main destination for relay exports from Ecuador, accounting for a 33% share of total exports. Moreover, relay exports to Ireland exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by Romania (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+611.4% per year) and Romania (0.0% per year).

In value terms, Ireland ($X), France ($X) and Romania ($X) were the largest markets for relay exported from Ecuador worldwide, together comprising 43% of total exports.

France, with a CAGR of +411.8%, recorded the highest rates of growth with regard to 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

In 2022, the average relay export price amounted to $X per unit, reducing by -26% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 46%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to India ($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 Venezuela (+58.6%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Ecuador

In 2022, relay imports into Ecuador fell dramatically to X units, shrinking by -17.9% compared with 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, relay imports dropped rapidly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +27.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of relay to Ecuador, with a 47% share of total imports. Moreover, relay imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.5% per year) and Germany (-1.6% per year).

In value terms, Germany ($X), Brazil ($X) and China ($X) were the largest relay suppliers to Ecuador, together comprising 48% of total imports.

China, with a CAGR of +12.6%, recorded 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

In 2022, the average relay import price amounted to $X per unit, flattening at the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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