Ecuador: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Ecuador

The Ecuadorian spectrometers and spectrophotometers market amounted to $X in 2022, growing by X% 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). Over the period under review, consumption posted a tangible expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Spectrometers And Spectrophotometers Exports

Exports from Ecuador

In 2022, spectrometers and spectrophotometers exports from Ecuador declined markedly to X units, waning by X% on 2021. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports declined markedly to $X in 2022. Over the period under review, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Colombia (X units) and Brazil (X units) were the main destinations of spectrometers and spectrophotometers exports from Ecuador, with a combined X% share of total exports.

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

In value terms, the largest markets for spectrometers and spectrophotometers exported from Ecuador were Colombia ($X), Guatemala ($X) and Brazil ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average spectrometers and spectrophotometers export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted notable growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the United States ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers And Spectrophotometers Imports

Imports into Ecuador

In 2022, purchases abroad of spectrometers and spectrophotometers increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spectrometers and spectrophotometers imports declined to $X in 2022. In general, imports showed a perceptible expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest spectrometers and spectrophotometers supplier to Ecuador, with a X% share of total imports. Moreover, spectrometers and spectrophotometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of spectrometers and spectrophotometers to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average spectrometers and spectrophotometers import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Germany ($X per unit), while the price for Spain ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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