Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $13,411 per ton in 2022, growing by 5.5% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The import price peaked at $16,963 per ton in 2012; however, from 2013 to 2022, 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 Germany ($37,464 per ton), while the price for China ($4,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $18,155 per ton, reducing by -4.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 229% against the previous year. The export price peaked at $19,057 per ton in 2021, and then fell slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($199,947 per ton), while the average price for exports to Panama ($560 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 Germany (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Ecuador fell modestly to 282 tons, with a decrease of -4.9% compared with the previous year. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports attained the peak of 296 tons, and then fell in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 amounted to $3.8M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,689 | 1,282 | 1,605 | 1,687 | -0.0% |
| China | 399 | 348 | 435 | 451 | 4.2% |
| Germany | 501 | 454 | 689 | 438 | -4.4% |
| Sweden | 49.7 | 278 | 121 | 262 | 74.0% |
| Hong Kong SAR | 2.2 | 0.7 | 6.4 | 138 | 297.3% |
| Italy | 108 | 66.0 | 102 | 103 | -1.6% |
| Spain | 72.3 | 35.6 | 37.1 | 27.6 | -27.5% |
| Brazil | 159 | 65.9 | 319 | 15.9 | -53.6% |
| Others | 432 | 371 | 452 | 658 | 15.1% |
| Total | 3,413 | 2,901 | 3,767 | 3,781 | 3.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Ecuador in 2022:
- United States (116.0 tons)
- China (97.0 tons)
- Hong Kong SAR (23.1 tons)
- Germany (11.7 tons)
- Sweden (7.3 tons)
- Italy (5.4 tons)
- Spain (5.0 tons)
- Brazil (0.7 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador
Exports of machinery; parts of the machinery of heading no. 8427 from Ecuador skyrocketed to 2.3 tons in 2022, rising by 156% compared with 2021 figures. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 268% against the previous year. As a result, the exports reached the peak of 2.4 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $42K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 440% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.1 | 0.6 | 0.4 | 15.8 | 440.6% |
| United States | N/A | 3.5 | 0.7 | 15.2 | 108.4% |
| Germany | N/A | 0.1 | N/A | 7.6 | 771.8% |
| Panama | N/A | N/A | N/A | 0.8 | 0% |
| Chile | 5.7 | 28.8 | 15.5 | N/A | 64.9% |
| Others | 0.7 | 2.0 | 0.6 | 2.5 | 52.9% |
| Total | 6.5 | 35.1 | 17.2 | 41.8 | 86.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Ecuador in 2022:
- Panama (1393.0 kg)
- Colombia (645.0 kg)
- Germany (160.0 kg)
- United States (76.0 kg)
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