Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador - 2022

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador (CIF) - 2022
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador (FOB) - 2022
3. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador
4. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador (CIF) - 2022

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $255 per unit in 2022, shrinking by -12.7% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $458 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 France ($1,405 per unit), while the price for Brazil ($66 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador (FOB) - 2022

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $353 per unit in 2022, surging by 45% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 236% against the previous year. The export price peaked at $565 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($420 per unit), while the average price for exports to India totaled $20 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+34.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador

In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Ecuador surged to 5.5K units, jumping by 33% on 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $1.4M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +80.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Ecuador in 2022:

1. Israel (1647.0 units)
2. Mexico (1336.0 units)
3. United States (1065.0 units)
4. China (764.0 units)
5. Brazil (459.0 units)
6. Spain (109.0 units)
7. France (89.0 units)

Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Ecuador

For the third year in a row, Ecuador recorded decline in overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which decreased by 0% to 6 units in 2022. In general, exports recorded a sharp slump. The smallest decline of -33.3% was in 2021. The exports peaked at 15 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $2.1K in 2022. Overall, exports showed a precipitous decrease. The exports peaked at $8.5K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Ecuador in 2022:

1. Colombia (5.0 units)
2. India (1.0 units)

Source: IndexBox Market Intelligence Platform