Report Update Nov 1, 2024

Ecuador - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Ecuador

The Ecuadorian self-propelled excavating machinery market fell sharply to $X in 2021, which is down by -54.1% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in Ecuador

In value terms, self-propelled excavating machinery production rose notably to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Ecuador

Self-propelled excavating machinery exports from Ecuador surged to X units in 2021, increasing by 110% compared with the year before. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 300% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, self-propelled excavating machinery exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 149%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for self-propelled excavating machinery exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +40.3%.

In value terms, the United States ($X) also remains the key foreign market for self-propelled earth moving, excavating machinery exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -12.9%.

Export Prices by Country

The average self-propelled excavating machinery export price stood at $X per unit in 2021, reducing by -29.5% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -41.8% per year.

Self-Propelled Excavating Machinery Imports

Imports into Ecuador

In 2021, the amount of self-propelled earth moving, excavating machinery imported into Ecuador amounted to X units, picking up by 13% against 2020. In general, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 267% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports shrank to $X in 2021. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 283% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X units), China (X units) and Mexico (X units) were the main suppliers of self-propelled excavating machinery imports to Ecuador, together accounting for 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +9.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Ecuador, comprising 16% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports. It was followed by the United States, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa stood at -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.8% per year) and the United States (-31.1% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, declining by -24.3% against the previous year. In general, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 82%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+109.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for self-propelled earth moving, excavating machinery in the world?

The countries with the highest volumes of self-propelled excavating machinery consumption in 2021 were China, France and Spain, with a combined 39% share of global consumption. These countries were followed by Belgium, the Czech Republic, the UK, Indonesia, Japan, Singapore, Denmark, Thailand, Australia and the Netherlands, which together accounted for a further 34%.

What are the largest producers of self-propelled earth moving, excavating machinery in the world?

The country with the largest volume of self-propelled excavating machinery production was China, accounting for 35% of total volume. Moreover, self-propelled excavating machinery production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was occupied by Spain, with an 8.8% share.

What are the leading suppliers of self-propelled earth moving, excavating machinery to Ecuador?

In value terms, Sweden constituted the largest supplier of self-propelled excavating machinery to Ecuador, comprising 63% of total imports. The second position in the ranking was occupied by South Africa, with an 18% share of total imports. It was followed by Canada, with an 11% share.

What are the leading importers of self-propelled earth moving, excavating machinery from Ecuador?

In value terms, China emerged as the key foreign market for self-propelled excavating machinery exports from Ecuador, comprising 97% of total exports. The second position in the ranking was occupied by the United States, with a 2.7% share of total exports.

What is the average export price for self-propelled earth moving, excavating machinery in Ecuador?

In 2021, the average self-propelled excavating machinery export price amounted to $8,550 per unit, which is down by -25.1% against the previous year.

What is the average import price for self-propelled earth moving, excavating machinery in Ecuador?

The average self-propelled excavating machinery import price stood at $14,126 per unit in 2021, increasing by 21% against the previous year.

This report provides an in-depth analysis of the self-propelled excavating machinery market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023