Ecuador: Electric Rotary Converter Market 2025

Electric Rotary Converter Market Size in Ecuador

In 2021, after two years of growth, there was significant decline in the Ecuadorian electric rotary converter market, when its value decreased by -11.4% to $X. In general, consumption, however, enjoyed moderate growth. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Electric Rotary Converter Exports

Exports from Ecuador

Electric rotary converter exports from Ecuador totaled X units in 2021, standing approx. at the previous year. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 750%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric rotary converter exports fell slightly to $X in 2021. In general, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when exports increased by 578%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for electric rotary converter exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +17.4%.

In value terms, Chile ($X) remains the key foreign market for electric rotary converters exports from Ecuador, comprising 98% of total exports. The second position in the ranking was held by Spain ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +9.7%.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, dropping by -3.3% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.1%).

Electric Rotary Converter Imports

Imports into Ecuador

In 2021, purchases abroad of electric rotary converters decreased by -14.7% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,033% against the previous year. Imports peaked at X units in 2020, and then contracted in the following year.

In value terms, electric rotary converter imports expanded rapidly to $X in 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 871% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric rotary converter to Ecuador, with a 77% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Canada (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.7% per year) and Canada (+22.0% per year).

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the largest electric rotary converter suppliers to Ecuador, with a combined 60% share of total imports. These countries were followed by Canada, Panama and Hong Kong SAR, which together accounted for a further 3.8%.

Among the main suppliers, Canada, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, surging by 34% against the previous year. In general, the import price, however, showed a deep contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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