Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $15,742 per ton, declining by -9.8% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $38,598 per ton. From 2015 to 2022, the average 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 ($108,631 per ton), while the price for China ($3,104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $59,927 per ton in 2022, rising by 13% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machines and mechanical appliances; parts, of those having individual functionses increased by +137.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 68%. Over the period under review, the average export prices attained the peak figure at $68,961 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($146,844 per ton), while the average price for exports to Mexico ($11,676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador
Imports of machines and mechanical appliances; parts, of those having individual functionses into Ecuador surged to 1.2K tons in 2022, increasing by 34% on the previous year's figure. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 180%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $18M in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 139% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 1.6 | 4.1 | 7.3 | 31.6% |
| China | 1.1 | 0.5 | 2.0 | 3.0 | 39.7% |
| Mexico | 0.2 | 0.7 | 0.8 | 1.9 | 111.8% |
| Germany | 1.1 | 0.7 | 1.0 | 1.4 | 8.4% |
| Italy | 1.9 | 0.6 | 3.4 | 0.9 | -22.0% |
| Malaysia | N/A | 0.2 | 0.2 | 0.5 | 58.1% |
| Spain | 0.1 | 0.3 | 0.7 | 0.3 | 44.2% |
| Others | 2.0 | 1.7 | 3.1 | 3.0 | 14.5% |
| Total | 9.7 | 6.4 | 15.2 | 18.3 | 23.6% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Ecuador in 2022:
- China (953.1 tons)
- United States (67.5 tons)
- Mexico (28.3 tons)
- Malaysia (24.1 tons)
- Germany (22.2 tons)
- Italy (13.3 tons)
- Spain (6.3 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador
In 2022, shipments abroad of machines and mechanical appliances; parts, of those having individual functionses increased by 187% to 18 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic decrease.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses surged to $1.1M in 2022. Over the period under review, exports, however, continue to indicate a deep setback.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 773 | 52.1 | 109 | 553 | -10.6% |
| Peru | 27.0 | 2.3 | 20.1 | 104 | 56.8% |
| United States | 125 | 55.3 | 21.1 | 67.8 | -18.4% |
| Mexico | 59.4 | 11.6 | 16.1 | 33.0 | -17.8% |
| Germany | 77.7 | 7.5 | 5.0 | 31.2 | -26.2% |
| Trinidad and Tobago | 1.8 | 14.1 | N/A | 30.4 | 156.6% |
| United Kingdom | 3.8 | 10.3 | N/A | 11.4 | 44.2% |
| Brazil | 19.8 | 7.7 | 4.1 | 6.1 | -32.5% |
| Argentina | 85.0 | N/A | 2.2 | N/A | -83.9% |
| Others | 280 | 135 | 154 | 237 | -5.4% |
| Total | 1,453 | 296 | 332 | 1,073 | -9.6% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Ecuador in 2022:
- Colombia (7.7 tons)
- Peru (2.9 tons)
- Mexico (2.8 tons)
- Germany (1.4 tons)
- United States (0.7 tons)
- United Kingdom (0.3 tons)
- Brazil (0.2 tons)
- Trinidad and Tobago (0.2 tons)
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