Ecuador: Television Receiver Market 2024

Television Receiver Market Size in Ecuador

The Ecuadorian television receiver market reached $X in 2022, rising by 13% against the previous year. Over the period under review, consumption showed prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Television Receiver Production in Ecuador

In value terms, television receiver production expanded to $X in 2022 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 115% against the previous year. Television receiver production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Television Receiver Exports

Exports from Ecuador

In 2022, shipments abroad of television receivers decreased by -52.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 499% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, television receiver exports plummeted to $X in 2022. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when exports increased by 394% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Malaysia (X units) and Guatemala (X units) were the main destinations of television receiver exports from Ecuador, with a combined 82% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +35.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for television receivers exports from Ecuador, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Ireland, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.6% per year) and Ireland (0.0% per year).

Export Prices by Country

The average television receiver export price stood at $X per unit in 2022, jumping by 54% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 632% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to the United States ($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 the United States (-1.0%), while the prices for the other major destinations experienced a decline.

Television Receiver Imports

Imports into Ecuador

In 2022, supplies from abroad of television receivers was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 61%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, television receiver imports shrank to $X in 2022. Overall, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest television receiver supplier to Ecuador, accounting for a 83% share of total imports. Moreover, television receiver imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-13.7% per year) and the United States (-20.9% per year).

In value terms, China ($X) constituted the largest supplier of television receivers to Ecuador, comprising 82% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports. It was followed by the United States, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-17.3% per year) and the United States (-11.7% per year).

Import Prices by Country

In 2022, the average television receiver import price amounted to $X per unit, declining by -16.6% against the previous year. Overall, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2016 an increase of 40%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Panama ($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 (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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