Report Update Nov 1, 2024

Ecuador - Mobile Phones - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Mobile Phone Market 2024

Mobile Phone Market Size in Ecuador

The Ecuadorian mobile phone market totaled $X in 2022, increasing by 14% 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, consumption enjoyed a strong expansion. Mobile phone consumption peaked in 2022 and is expected to retain growth in the near future.

Mobile Phone Exports

Exports from Ecuador

In 2022, the amount of mobile phones exported from Ecuador stood at X units, surging by 4.4% compared with the year before. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 335%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mobile phone exports rose remarkably to $X in 2022. In general, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 244%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for mobile phone exports from Ecuador, with a 62% share of total exports. Moreover, mobile phone exports to the United States exceeded the volume sent to the second major destination, Panama (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+8.3% per year) and Belgium (+62.3% per year).

In value terms, the largest markets for mobile phone exported from Ecuador were the United States ($X), Panama ($X) and Belgium ($X), with a combined 91% share of total exports.

Belgium, with a CAGR of +50.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average mobile phone export price amounted to $X per unit, rising by 8.9% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 72%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Belgium ($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 Mexico (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Phone Imports

Imports into Ecuador

In 2022, purchases abroad of mobile phones increased by 16% to X units, rising for the third consecutive year after two years of decline. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mobile phone imports rose notably to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main suppliers of mobile phone imports to Ecuador, together comprising 82% of total imports. Vietnam and Brazil lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mobile phone suppliers to Ecuador were China ($X), the United States ($X) and Vietnam ($X), together accounting for 77% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +30.0%, 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

The average mobile phone import price stood at $X per unit in 2022, with a decrease of -2.5% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mobile phones in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global consumption. The United Arab Emirates, Russia, Hong Kong SAR, Brazil, Japan, Indonesia, Mexico, Ethiopia and Thailand lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of mobile phones in the world?

China constituted the country with the largest volume of mobile phone production, accounting for 57% of total volume. Moreover, mobile phone production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Vietnam, with an 8.2% share.

What are the leading suppliers of mobile phones to Ecuador?

In value terms, China, Vietnam and the United States constituted the largest mobile phone suppliers to Ecuador, together comprising 90% of total imports.

What are the leading importers of mobile phones from Ecuador?

In value terms, the largest markets for mobile phone exported from Ecuador were Panama, the United States and Belgium, with a combined 98% share of total exports.

What is the average export price for mobile phones in Ecuador?

In 2021, the average mobile phone export price amounted to $319,767 per ton, waning by -62.9% against the previous year.

What is the average import price for mobile phones in Ecuador?

The average mobile phone import price stood at $287,450 per ton in 2021, declining by -8.6% against the previous year.

This report provides an in-depth analysis of the mobile phone market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26302200 - Telephones for cellular networks or for other wireless networks

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023