Report Update: May 1, 2024

Ecuador - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights

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Machinery for Packing Price in Ecuador - 2022

Machinery for Packing Price in Ecuador (CIF) - 2022

In 2022, the average machinery for packing import price amounted to $494 per unit, falling by -2.5% against the previous year. Over the period under review, the import price recorded a mild downturn. The growth pace was the most rapid in 2013 when the average import price increased by 37%. As a result, import price reached the peak level of $806 per unit. From 2014 to 2022, the average import prices remained at a 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 Italy ($1,162 per unit), while the price for the Dominican Republic ($134 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Machinery for Packing Price in Ecuador (FOB) - 2022

The average machinery for packing export price stood at $313 per unit in 2022, dropping by -8% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 85% against the previous year. The export price peaked at $922 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($1,460 per unit), while the average price for exports to the United States ($156 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 Peru (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery for Packing Imports in Ecuador

In 2022, imports of machinery for packing or wrapping into Ecuador reached 26K units, surging by 2.6% compared with the previous year. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 11%. As a result, imports attained the peak of 27K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, machinery for packing imports totaled $13M in 2022. In general, imports, however, continue to indicate a mild downturn. Over the period under review, imports reached the peak figure at $14M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Machinery for Packing in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.3	3.5	3.8	3.1	10.5%
Brazil	1.8	1.8	3.2	2.6	13.0%
Italy	3.6	2.1	2.1	2.5	-11.4%
Germany	1.5	2.1	0.7	1.4	-2.3%
Spain	2.0	0.5	0.4	0.9	-23.4%
United States	0.8	0.3	0.8	0.6	-9.1%
Taiwan (Chinese)	0.2	0.2	0.7	0.5	35.7%
Turkey	N/A	0.4	0.2	0.2	-29.3%
Dominican Republic	0.1	0.4	N/A	0.2	26.0%
Others	1.4	1.7	1.3	1.0	-10.6%
Total	13.7	13.1	13.1	13.1	-1.5%

Top Suppliers of Machinery for Packing to Ecuador in 2022:

China (13.2K units)
Brazil (2.4K units)
Italy (2.1K units)
United States (2.1K units)
Taiwan (Chinese) (1.2K units)
Dominican Republic (1.2K units)
Turkey (1.1K units)
Germany (1.0K units)
Spain (1.0K units)

Machinery for Packing Exports in Ecuador

In 2022, exports of machinery for packing or wrapping from Ecuador soared to 1.5K units, increasing by 57% on 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 410%. As a result, the exports attained the peak of 1.8K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, machinery for packing exports soared to $475K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 363% against the previous year. As a result, the exports attained the peak of $623K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Machinery for Packing in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.3	112	84.4	208	298.0%
Colombia	34.2	213	38.1	179	73.6%
Peru	9.4	4.0	36.2	89.0	111.6%
Mexico	N/A	39.5	28.8	N/A	-27.1%
Italy	76.1	N/A	65.0	N/A	-7.6%
Others	11.6	254	75.7	N/A	155.5%
Total	134	623	328	475	52.5%

Top Export Markets for Machinery for Packing from Ecuador in 2022:

United States (1328.0 units)
Colombia (132.0 units)
Peru (61.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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