Ecuador - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in Ecuador - 2022
Contents:
- Plough Price in Ecuador (CIF) - 2022
- Plough Price in Ecuador (FOB) - 2022
- Plough Imports in Ecuador
- Plough Exports in Ecuador
Plough Price in Ecuador (CIF) - 2022
The average plough import price stood at $720 per unit in 2022, picking up by 2.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $1,187 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,461 per unit), while the price for India ($369 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced a decline.
Plough Price in Ecuador (FOB) - 2022
The average plough export price stood at $1,759 per unit in 2022, shrinking by -3.4% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2019 an increase of 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,820 per unit in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Sudan.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +93.9% per year.
Plough Imports in Ecuador
After three years of growth, overseas purchases of ploughs for agricultural purposes decreased by -18.8% to 502 units in 2022. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, imports reached the peak of 618 units, and then declined markedly in the following year.
In value terms, plough imports reduced notably to $362K in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $435K, and then fell significantly in the following year.
| Import of Plough in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 84.7 | 171 | 139 | 125 | 13.9% |
| Turkey | 21.1 | 7.4 | 116 | 86.0 | 59.7% |
| China | 41.4 | 26.4 | 40.2 | 64.3 | 15.8% |
| Colombia | 8.1 | 6.7 | 25.6 | 19.1 | 33.1% |
| Mexico | 16.5 | 18.9 | 22.9 | 18.5 | 3.9% |
| United States | 13.0 | 10.4 | 6.8 | 8.2 | -14.2% |
| India | 33.8 | 25.4 | 3.9 | 3.7 | -52.2% |
| Others | 18.3 | 22.7 | 80.7 | 37.2 | 26.7% |
| Total | 237 | 289 | 435 | 362 | 15.2% |
Top Suppliers of Plough to Ecuador in 2022:
- Brazil (158.0 units)
- China (152.0 units)
- Turkey (87.0 units)
- Colombia (38.0 units)
- Mexico (22.0 units)
- United States (18.0 units)
- India (10.0 units)
Plough Exports in Ecuador
Plough exports from Ecuador was estimated at 13 units in 2022, flattening at the year before. Overall, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, plough exports fell slightly to $23K in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.2%. Over the period under review, the exports reached the peak figure at $24K in 2021, and then declined slightly in the following year.
| Export of Plough in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 20.6 | 22.1 | 23.7 | 22.9 | 3.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.6 | 22.1 | 23.7 | 22.9 | 3.6% |
Top Export Markets for Plough from Ecuador in 2022:
- Sudan (13.0 units)
This report provides an in-depth analysis of the plough 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 28303130 -
- Prodcom 28303150 -
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
-
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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