Ecuador - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in Ecuador - 2022
Contents:
- Boring Machinery Price in Ecuador (FOB) - 2022
- Boring Machinery Price in Ecuador (CIF) - 2022
- Boring Machinery Exports in Ecuador
- Boring Machinery Imports in Ecuador
Boring Machinery Price in Ecuador (FOB) - 2022
In 2022, the average boring machinery export price amounted to $51,018 per unit, picking up by 49% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($115,791 per unit), while the average price for exports to Peru ($12,038 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 Canada (+427.6%), while the prices for the other major destinations experienced more modest paces of growth.
Boring Machinery Price in Ecuador (CIF) - 2022
In 2022, the average boring machinery import price amounted to $110,303 per unit, rising by 29% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 178%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($245,461 per unit), while the price for Spain ($3,705 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Boring Machinery Exports in Ecuador
In 2022, approx. 3 units of boring or sinking machinery were exported from Ecuador; with a decrease of -25% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. The exports peaked at 4 units in 2021, and then contracted notably in the following year.
In value terms, boring machinery exports declined slightly to $136K in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year. As a result, the exports attained the peak of $140K, and then declined in the following year.
| Export of Boring Machinery in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 118 | 117 | 74.6 | 115 | -0.9% |
| Canada | 0.7 | 0.8 | 2.5 | 6.8 | 113.4% |
| Nigeria | N/A | N/A | 53.7 | N/A | 0% |
| Others | 18.8 | 14.3 | 9.5 | 13.8 | -9.8% |
| Total | 138 | 132 | 140 | 136 | -0.5% |
Top Export Markets for Boring Machinery from Ecuador in 2022:
- United States (2.0 units)
Boring Machinery Imports in Ecuador
In 2022, purchases abroad of boring or sinking machinery decreased by -16.7% to 30 units, falling for the second year in a row after two years of growth. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 122%. As a result, imports reached the peak of 51 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, boring machinery imports rose notably to $3.3M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. As a result, imports reached the peak of $3.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Boring Machinery in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 108 | 254 | 300 | 655 | 82.4% |
| China | 119 | 371 | 612 | 445 | 55.2% |
| Peru | 192 | 233 | 84.2 | 291 | 14.9% |
| Canada | 114 | 304 | 731 | 256 | 31.0% |
| Japan | 69.5 | 133 | 128 | 229 | 48.8% |
| Saudi Arabia | 33.5 | 75.2 | 84.8 | 177 | 74.2% |
| Colombia | 62.3 | 145 | 88.0 | 163 | 37.8% |
| United States | 177 | 978 | 274 | 142 | -7.1% |
| South Korea | 15.9 | 152 | 34.2 | 134 | 103.5% |
| Chile | 0.7 | 64.7 | 128 | 119 | 454.0% |
| Brazil | 8.2 | 2.2 | 9.6 | 81.5 | 115.0% |
| France | 6.2 | 27.9 | 28.0 | 51.9 | 103.0% |
| Spain | 1.3 | 2.0 | 1.6 | 2.4 | 22.7% |
| Others | 1,314 | 788 | 529 | 534 | -25.9% |
| Total | 2,222 | 3,529 | 3,033 | 3,281 | 13.9% |
Top Suppliers of Boring Machinery to Ecuador in 2022:
- United States (4.0 units)
- China (4.0 units)
- South Korea (4.0 units)
- Netherlands (3.0 units)
- Japan (3.0 units)
- Canada (2.0 units)
- Peru (2.0 units)
- Brazil (1.0 units)
- Saudi Arabia (1.0 units)
- Chile (1.0 units)
- France (1.0 units)
- Colombia (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the boring machinery 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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