Ecuador: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Ecuador

In 2021, the Ecuadorian self-propelled bulldozer market increased by 152% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a drastic downturn. Self-propelled bulldozer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports from Ecuador

Self-propelled bulldozer exports from Ecuador declined to X units in 2021, with a decrease of -6.7% on 2020. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 283%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports rose notably to $X in 2021. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 437%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for self-propelled bulldozer exports from Ecuador, accounting for a 50% share of total exports. Moreover, self-propelled bulldozer exports to Peru exceeded the volume sent to the second major destination, Chile (X units), twofold. Bolivia (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+14.7% per year) and Bolivia (0.0% per year).

In value terms, Peru ($X) emerged as the key foreign market for self-propelled bulldozers and excavators exports from Ecuador, comprising 54% of total exports. The second position in the ranking was held by Chile ($X), with a 25% share of total exports. It was followed by Colombia, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+32.5% per year) and Colombia (+28.2% per year).

Export Prices by Country

In 2021, the average self-propelled bulldozer export price amounted to $X per unit, rising by 13% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 352%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Ecuador

In 2021, purchases abroad of self-propelled bulldozers and excavators was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by 288% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and the United States (X units) were the main suppliers of self-propelled bulldozer imports to Ecuador, together accounting for 67% of total imports. These countries were followed by Italy, South Korea, the UK, Sweden and Bolivia, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Ecuador, comprising 48% of total imports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total imports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.7% per year) and the United States (-26.5% per year).

Import Prices by Country

In 2021, the average self-propelled bulldozer import price amounted to $X per unit, surging by 9.2% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2019 an increase of 150% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+327.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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