Price for Machinery; Parts of Machinery of Heading No. 8422 in Ecuador - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Ecuador (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Ecuador (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Ecuador
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Ecuador

Price for Machinery; Parts of Machinery of Heading No. 8422 in Ecuador (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $72,981 per ton in 2022, which is down by -11.5% against the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $118,213 per ton. From 2017 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 ($193,911 per ton), while the price for China ($12,913 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Ecuador (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $56,779 per ton in 2022, jumping by 44% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of machinery of heading no. 8422 decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices reached the peak figure at $59,797 per ton in 2020; however, from 2021 to 2022, the 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 Colombia ($289,453 per ton), while the average price for exports to Mexico ($14,986 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Ecuador

In 2022, imports of machinery; parts of machinery of heading no. 8422 into Ecuador soared to 168 tons, jumping by 37% on 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +55.7% 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 machinery; parts of machinery of heading no. 8422 surged to $12M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Ecuador in 2022:

1. China (75.3 tons)
2. United States (18.5 tons)
3. Italy (10.2 tons)
4. Spain (10.2 tons)
5. France (9.1 tons)
6. Germany (8.1 tons)
7. Argentina (6.3 tons)
8. Colombia (5.0 tons)
9. Brazil (4.1 tons)
10. Taiwan (Chinese) (3.8 tons)
11. Mexico (3.4 tons)
12. Denmark (2.4 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Ecuador

In 2022, exports of machinery; parts of machinery of heading no. 8422 from Ecuador shrank dramatically to 1.1 tons, waning by -69.5% compared with the previous year. Over the period under review, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of 3.7 tons, and then declined markedly in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 reduced sharply to $64K in 2022. Overall, exports saw a precipitous descent. The smallest decline of -1.6% was in 2021.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Ecuador in 2022:

1. Mexico (506.0 kg)
2. Austria (164.0 kg)
3. Dominican Republic (153.0 kg)
4. United States (146.0 kg)
5. Colombia (117.0 kg)
6. Costa Rica (34.0 kg)

Source: IndexBox Market Intelligence Platform