Cranes; Tower Cranes Price in Ecuador - 2021

Cranes; Tower Cranes Price in Ecuador (CIF) - 2022

In 2022, the average cranes; tower cranes import price amounted to $31,116 per unit, dropping by -72.2% against the previous year. In general, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 211%. As a result, import price reached the peak level of $111,799 per unit, and then shrank rapidly in the following year.

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 Mexico ($212,245 per unit), while the price for Spain ($4,873 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.0%), while the prices for the other major suppliers experienced a decline.

Cranes; Tower Cranes Price in Ecuador (FOB) - 2022

In 2021, the average cranes; tower cranes export price amounted to $65,109 per unit, flattening at the previous year. In general, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2015 an increase of 148% against the previous year. Over the period under review, the average export prices reached the peak figure at $113,230 per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2014 to 2021, the rate of growth in terms of prices for Spain amounted to +100.0% per year.

Cranes; Tower Cranes Imports in Ecuador

In 2022, cranes; tower cranes imports into Ecuador surged to 4 units, jumping by 300% against the previous year's figure. In general, imports saw a resilient expansion. Over the period under review, imports reached the maximum at 5 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cranes; tower cranes imports skyrocketed to $128K in 2022. Overall, imports, however, faced a dramatic contraction. Over the period under review, imports reached the maximum at $262K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Cranes; Tower Cranes in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	28.2	55.7	6.5	41.3	13.6%
Others	234	123	70.6	86.4	-28.3%
Total	262	178	77.1	128	-21.2%

Top Suppliers of Cranes; Tower Cranes to Ecuador in 2022:

Peru (3.0 units)

Cranes; Tower Cranes Exports in Ecuador

In 2021, exports of cranes; tower craneses from Ecuador totaled 8 units, approximately mirroring the previous year's figure. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cranes; tower cranes exports stood at $521K in 2021. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see gradual growth in years to come.