Report Update Nov 1, 2024

Ecuador - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Steam Turbine Market 2024

Steam Turbine Market Size in Ecuador

In 2021, the Ecuadorian steam turbine market increased by 68% to $X, rising for the third consecutive year after three years of decline. Overall, consumption recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Steam Turbine Production in Ecuador

In value terms, steam turbine production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 34%. Steam turbine production peaked at $X in 2020, and then shrank in the following year.

Steam Turbine Exports

Exports from Ecuador

In 2016, approx. X units of steam turbines and other vapor turbines were exported from Ecuador; approximately reflecting 2015. In general, exports posted a resilient expansion. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the maximum in 2016 and are likely to see steady growth in the near future.

In value terms, steam turbine exports amounted to $X in 2016. Over the period under review, exports continue to indicate a deep setback. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for steam turbine exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Colombia was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

In 2016, the average steam turbine export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

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

From 2014 to 2016, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.

Steam Turbine Imports

Imports into Ecuador

In 2021, supplies from abroad of steam turbines and other vapor turbines increased by 71% to X units, rising for the third consecutive year after three years of decline. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 4,813% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, steam turbine imports expanded rapidly to $X in 2021. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 978% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Brazil (X units) constituted the largest supplier of steam turbine to Ecuador, accounting for a 73% share of total imports. Moreover, steam turbine imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.2% per year) and India (+66.9% per year).

In value terms, the United States ($X) constituted the largest supplier of steam turbines and other vapor turbines to Ecuador, comprising 76% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.7% per year) and India (+33.2% per year).

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, waning by -32.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 3,064% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, with a combined 72% share of global consumption. Sweden, Turkey, Germany, Japan and Mongolia lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, together comprising 82% of global production.

What are the leading suppliers of steam turbines and other vapor turbines to Ecuador?

In value terms, the United States constituted the largest supplier of steam turbine to Ecuador.

What is the average export price for steam turbines and other vapor turbines in Ecuador?

In 2016, the average steam turbine export price amounted to $2,444 per unit, therefore, remained relatively stable against the previous year.

What is the average import price for steam turbines and other vapor turbines in Ecuador?

In 2021, the average steam turbine import price amounted to $5,426 per unit, increasing by 150% against the previous year.

This report provides an in-depth analysis of the steam turbine 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 28112130 -
Prodcom 28112150 -

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