Ecuador: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in Ecuador

The Ecuadorian market for toothed wheels, chain sprockets and other transmission elements surged to $X in 2021, picking up by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.2% 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 +71.2% against 2016 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Ecuador

In 2021, exports of toothed wheels, chain sprockets and other transmission elements from Ecuador soared to X tons, rising by 322% on the year before. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), the United States (X tons) and Germany (X kg) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from Ecuador, with a combined 68% share 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 Canada (with a CAGR of +85.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Ecuador, comprising 46% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports. It was followed by Colombia, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+79.1% per year) and Colombia (+44.8% per year).

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, shrinking by -5.1% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for toothed wheels, chain sprockets and other transmission elements decreased by -36.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the 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 Colombia ($X per ton), while the average price for exports to Spain ($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 Colombia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Ecuador

In 2021, imports of toothed wheels, chain sprockets and other transmission elements into Ecuador surged to X tons, jumping by 31% against the previous year. Overall, imports enjoyed noticeable growth. The growth pace was the most rapid in 2019 when imports increased by 42%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest toothed wheels, chain sprockets and other transmission elements supplier to Ecuador, with a 64% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.6% per year) and South Korea (-6.0% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Ecuador were the United States ($X), China ($X) and Germany ($X), with a combined 48% share of total imports.

Among the main suppliers, China, with a CAGR of +18.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, surging by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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