Ecuador: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Ecuador

The Ecuadorian self-propelled non-electric fork-lift truck market declined to $X in 2022, reducing by -8.8% 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). In general, consumption, however, saw a slight contraction. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Ecuador

In 2022, the amount of self-propelled fork-lift trucks with non-electric motor exported from Ecuador shrank significantly to X units, falling by -25% compared with 2021. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 275%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports declined remarkably to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,257%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Chile (X units), Peru (X units) and Colombia (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Ecuador worldwide.

In terms of the main countries of destination, Chile, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, waning by -10.4% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 918% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Colombia ($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 Chile (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Ecuador

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were imported into Ecuador; increasing by 2.3% on the previous year's figure. In general, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +14.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 99% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck imports dropped to $X in 2022. Overall, imports, however, saw a mild slump. The pace of growth was the most pronounced in 2017 when imports increased by 56%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Ecuador, with a 71% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.3% per year) and the United States (-23.3% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Ecuador, comprising 51% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by the United States, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.3% per year) and the United States (-22.3% per year).

Import Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, which is down by -13.9% against the previous year. In general, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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