Ecuador - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in Ecuador - 2022
Contents:
- Gear Box Price in Ecuador (CIF) - 2022
- Gear Box Price in Ecuador (FOB) - 2022
- Gear Box Imports in Ecuador
- Gear Box Exports in Ecuador
Gear Box Price in Ecuador (CIF) - 2022
The average gear box import price stood at $8.8 per unit in January 2022, declining by -14.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 51% against the previous month. As a result, import price reached the peak level of $11.7 per unit. From May 2021 to January 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Germany ($45.9 per unit), while the price for India ($1.8 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Gear Box Price in Ecuador (FOB) - 2022
The average gear box export price stood at $62 per unit in 2022, waning by -5% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gear box export price increased by +63.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. As a result, the export price attained the peak level of $68 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($157 per unit), while the average price for exports to South Korea ($9.4 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 Italy (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in Ecuador
In 2022, gear box imports into Ecuador shrank significantly to 521K units, declining by -24% against the year before. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 685K units, and then fell rapidly in the following year.
In value terms, gear box imports contracted notably to $18M in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports reached the peak of $24M, and then contracted dramatically in the following year.
| Import of Gear Box in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 2.0 | 4.6 | 3.9 | 2.7% |
| China | 3.5 | 2.7 | 5.4 | 3.9 | 3.7% |
| Italy | 2.3 | 1.3 | 2.6 | 2.8 | 6.8% |
| South Korea | 2.5 | 1.5 | 2.1 | 1.9 | -8.7% |
| Brazil | 1.2 | 0.4 | 1.1 | 1.3 | 2.7% |
| Taiwan (Chinese) | 0.9 | 0.6 | 1.0 | 0.8 | -3.9% |
| Germany | 1.6 | 1.1 | 1.5 | 0.7 | -24.1% |
| Japan | 3.4 | 1.7 | 2.7 | 0.7 | -41.0% |
| Colombia | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| India | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 2.1 | 1.3 | 2.5 | 1.8 | -5.0% |
| Total | 21.9 | 12.9 | 24.1 | 18.5 | -5.5% |
Top Suppliers of Gear Box to Ecuador in 2022:
- China (174.3K units)
- United States (91.3K units)
- South Korea (75.9K units)
- Italy (55.2K units)
- Taiwan (Chinese) (23.1K units)
- Brazil (16.5K units)
- Colombia (13.5K units)
- Japan (13.2K units)
- India (8.1K units)
- Germany (7.8K units)
Gear Box Exports in Ecuador
Gear box exports from Ecuador surged to 1.4K units in 2022, growing by 23% against 2021 figures. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 222%. As a result, the exports attained the peak of 2.1K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, gear box exports soared to $85K in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 302%. As a result, the exports attained the peak of $98K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Gear Box in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4.8 | 23.7 | 28.7 | 27.4 | 78.7% |
| United States | 0.6 | 4.6 | 5.2 | 17.8 | 209.6% |
| Japan | N/A | 9.4 | 16.3 | 15.5 | 28.4% |
| Chile | 0.1 | 4.6 | 3.9 | 5.0 | 268.4% |
| Germany | 3.2 | 10.6 | 2.2 | 4.2 | 9.5% |
| Panama | 0.3 | 5.4 | 1.0 | 1.2 | 58.7% |
| South Korea | 0.1 | 0.7 | 0.3 | 0.2 | 26.0% |
| India | 8.8 | N/A | N/A | N/A | 0% |
| Others | 6.4 | 39.1 | 15.4 | 14.1 | 30.1% |
| Total | 24.4 | 98.1 | 72.9 | 85.5 | 51.9% |
Top Export Markets for Gear Box from Ecuador in 2022:
- Colombia (551.0 units)
- United States (363.0 units)
- Germany (186.0 units)
- Japan (99.0 units)
- Chile (50.0 units)
- South Korea (25.0 units)
- Panama (22.0 units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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
- 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
-
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
-
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
-
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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