Ecuador: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Ecuador

In 2021, after two years of decline, there was significant growth in the Ecuadorian vacuum cleaner with motor market, when its value increased by 31% to $X. Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Vacuum Cleaners With Motor

Exports from Ecuador

In 2021, approx. X kg of vacuum cleaners with motor were exported from Ecuador; jumping by 87% compared with the year before. In general, exports, however, showed a deep setback. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. Overall, exports, however, saw a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for vacuum cleaner with motor exports from Ecuador, accounting for a 44% share of total exports. Moreover, vacuum cleaner with motor exports to Colombia exceeded the volume sent to the second major destination, Chile (X kg), threefold. Panama (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (0.0% per year) and Panama (-17.8% per year).

In value terms, Chile ($X) emerged as the key foreign market for vacuum cleaners with motor exports from Ecuador, comprising 33% of total exports. The second position in the ranking was held by Colombia ($X), with an 8.4% share of total exports. It was followed by Panama, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-24.6% per year) and Panama (-12.3% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, rising by 176% against the previous year. Overall, the export price enjoyed a measured expansion. The pace of growth appeared the most rapid in 2015 an increase of 280%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Honduras ($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 Guatemala (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Ecuador

In 2021, after two years of decline, there was significant growth in supplies from abroad of vacuum cleaners with motor, when their volume increased by 23% to X tons. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 56% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 80%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Ecuador, accounting for a 82% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.7% per year) and Brazil (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Ecuador, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Italy, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.5% per year) and Italy (+16.6% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, surging by 9.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2014 when the average import price increased by 41%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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