Ecuador: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Ecuador

In 2022, the Ecuadorian market for spray guns and similar appliances decreased by -14.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Exports of Spray Guns And Similar Appliances

Exports from Ecuador

In 2022, overseas shipments of spray guns and similar appliances were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 681%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances exports skyrocketed to $X in 2022. Overall, exports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2017 when exports increased by 1,489% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X units), Chile (X units) and Colombia (X units) were the main destinations of spray guns and similar appliances exports from Ecuador, together accounting for 60% 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 Chile (with a CAGR of +42.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Ecuador were Chile ($X), the United States ($X) and Colombia ($X), together comprising 62% of total exports.

Chile, with a CAGR of +58.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, which is down by -3.7% against the previous year. Overall, the export price, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 457%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Ecuador

In 2022, overseas purchases of spray guns and similar appliances decreased by -22.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, spray guns and similar appliances imports declined to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spray guns and similar appliances to Ecuador, accounting for a 89% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.3% per year) and Mexico (-13.5% per year).

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Ecuador, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.8% per year) and Mexico (-12.9% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, rising by 14% against the previous year. In general, the import price, however, saw a pronounced decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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