Ecuador: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Ecuador

In 2022, the Ecuadorian telephone apparatus market increased by 20% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +123.2% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Telephone Apparatus Exports

Exports from Ecuador

Telephone apparatus exports from Ecuador declined dramatically to X tons in 2022, dropping by -20.3% against 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, telephone apparatus exports shrank modestly to $X in 2022. In general, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2013 when exports increased by 72%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of telephone apparatus exports from Ecuador, together comprising 38% of total exports. Colombia, the Netherlands, Cuba and China lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Cuba (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and Mexico ($X) were the largest markets for telephone apparatus exported from Ecuador worldwide, together comprising 74% of total exports. Colombia, the Netherlands, China and Cuba lagged somewhat behind, together accounting for a further 8.3%.

In terms of the main countries of destination, Cuba, with a CAGR of +32.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, with a decrease of -34.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 201% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Telephone Apparatus Imports

Imports into Ecuador

In 2022, purchases abroad of telephone apparatus increased by 9.4% to X tons, rising for the sixth consecutive year after three years of decline. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +101.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, telephone apparatus imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Ecuador, accounting for a 37% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.2% per year) and Hong Kong SAR (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Ecuador, comprising 49% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+51.0% per year) and the United States (-6.7% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, rising by 6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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