Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador - 2022

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $20,304 per ton in 2022, surging by 28% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of the machinery of heading no. 8425 increased by +95.2% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 42%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Germany ($101,851 per ton), while the price for China ($5,057 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $13,864 per ton in 2022, declining by -17.6% against the previous year. Over the period under review, the export price faced a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 121% against the previous year. The export price peaked at $87,671 per ton in 2012; however, from 2013 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 Sweden ($38,393 per ton), while the average price for exports to Panama ($4,807 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 Spain (+50.6%), while the prices for the other major destinations experienced a decline.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador

Imports of machinery; parts of the machinery of heading no. 8425 into Ecuador reduced sharply to 78 tons in 2022, waning by -36.4% on the year before. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 128%. As a result, imports reached the peak of 122 tons, and then fell dramatically in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 shrank dramatically to $1.6M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 90%. As a result, imports reached the peak of $1.9M, and then declined significantly in the following year.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Ecuador in 2022:

1. China (47.2 tons)
2. United States (10.9 tons)
3. Spain (4.9 tons)
4. Italy (2.9 tons)
5. Japan (1.8 tons)
6. France (1.5 tons)
7. Peru (1.4 tons)
8. Germany (1.3 tons)
9. South Korea (1.0 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ecuador

For the third year in a row, Ecuador recorded decline in overseas shipments of machinery; parts of the machinery of heading no. 8425, which decreased by -31.1% to 1.6 tons in 2022. Overall, exports continue to indicate a dramatic shrinkage. The smallest decline of -13.2% was in 2020.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 contracted markedly to $22K in 2022. Over the period under review, exports, however, saw mild growth. The growth pace was the most rapid in 2020 when exports increased by 92%. As a result, the exports reached the peak of $40K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Ecuador in 2022:

1. Panama (933.0 kg)
2. Spain (475.0 kg)
3. Sweden (163.0 kg)
4. Canada (6.0 kg)

Source: IndexBox Market Intelligence Platform