Ecuador: Market for Pneumatic Or Hydraulic Hand Tools 2025

Market Size for Pneumatic Or Hydraulic Hand Tools in Ecuador

The Ecuadorian market for pneumatic or hydraulic hand tools skyrocketed to $X in 2021, surging by 23% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.2% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Ecuador

In value terms, pneumatic or hydraulic hand tool production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 113%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Ecuador

In 2021, overseas shipments of pneumatic or hydraulic hand tools increased by 29% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 123%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 65%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X tons), Mexico (X kg) and Colombia (X kg) were the main destinations of pneumatic or hydraulic hand tool exports from Ecuador, together accounting for 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +22.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Ecuador were Peru ($X), Mexico ($X) and Colombia ($X), together accounting for 91% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +31.1%, saw the highest rates of growth with regard to 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 export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with a decrease of -3.8% against the previous year. Overall, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 68%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Chile ($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 Canada (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Ecuador

In 2021, the amount of pneumatic or hydraulic hand tools imported into Ecuador surged to X tons, jumping by 84% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Ecuador, accounting for a 61% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.3% per year) and Germany (+2.7% per year).

In value terms, China ($X), Brazil ($X) and Germany ($X) were the largest pneumatic or hydraulic hand tool suppliers to Ecuador, with a combined 73% share of total imports.

Brazil, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, waning by -9.7% against the previous year. In general, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+22.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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