Ecuador - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Ecuador - 2022
Contents:
- Price for Mechanical Shovel and Excavator in Ecuador (CIF) - 2022
- Price for Mechanical Shovel and Excavator in Ecuador (FOB) - 2022
- Imports of Mechanical Shovel and Excavator in Ecuador
- Exports of Mechanical Shovel and Excavator in Ecuador
Price for Mechanical Shovel and Excavator in Ecuador (CIF) - 2022
The average mechanical shovel and excavator import price stood at $17,005 per unit in January 2022, with a decrease of -35.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2021 when the average import price increased by 65% against the previous month. As a result, import price reached the peak level of $26,505 per unit, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Japan ($20,210 per unit), while the price for the United States ($6,129 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Mechanical Shovel and Excavator in Ecuador (FOB) - 2022
The average mechanical shovel and excavator export price stood at $41,862 per unit in 2022, declining by -1.8% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $52,519 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($100,646 per unit), while the average price for exports to Bolivia ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.3%), while the prices for the other major destinations experienced a decline.
Imports of Mechanical Shovel and Excavator in Ecuador
In 2022, imports of mechanical shovels, excavators and shovel loaders into Ecuador dropped significantly to 1.3K units, shrinking by -25.1% against 2021. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, imports attained the peak of 1.7K units, and then reduced sharply in the following year.
In value terms, mechanical shovel and excavator imports declined rapidly to $76M in 2022. In general, imports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by 132% against the previous year. As a result, imports reached the peak of $107M, and then reduced dramatically in the following year.
| Import of Mechanical Shovel and Excavator in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 10.8 | 36.7 | 23.2 | 49.8% |
| Brazil | 15.1 | 4.4 | 18.8 | 13.9 | -2.7% |
| South Korea | 9.3 | 5.5 | 16.4 | 12.5 | 10.4% |
| United States | 10.7 | 5.8 | 6.6 | 5.7 | -18.9% |
| Switzerland | 3.3 | 3.5 | 5.2 | 4.6 | 11.7% |
| Japan | 5.5 | 6.6 | 9.1 | 4.5 | -6.5% |
| Thailand | 4.2 | 1.6 | 1.4 | 2.3 | -18.2% |
| Czech Republic | 0.6 | 0.5 | 0.6 | 0.9 | 14.5% |
| India | 2.0 | 0.4 | 0.5 | 0.7 | -29.5% |
| Italy | 1.8 | 0.9 | 1.2 | 0.3 | -45.0% |
| United Kingdom | 2.1 | 0.8 | 0.6 | 0.2 | -54.3% |
| Others | 6.3 | 5.3 | 9.8 | 7.5 | 6.0% |
| Total | 68.0 | 46.1 | 107 | 76.5 | 4.0% |
Top Suppliers of Mechanical Shovel and Excavator to Ecuador in 2022:
- China (432.0 units)
- Brazil (173.0 units)
- United States (158.0 units)
- South Korea (104.0 units)
- Japan (82.0 units)
- Switzerland (62.0 units)
- Thailand (34.0 units)
- Czech Republic (22.0 units)
- India (15.0 units)
- Italy (14.0 units)
- United Kingdom (6.0 units)
Exports of Mechanical Shovel and Excavator in Ecuador
In 2022, approx. 27 units of mechanical shovels, excavators and shovel loaders were exported from Ecuador; leveling off at 2021 figures. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 3.8%. The exports peaked at 42 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, mechanical shovel and excavator exports contracted modestly to $1.1M in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 3.7% against the previous year. Over the period under review, the exports hit record highs at $2.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Mechanical Shovel and Excavator in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 957 | 373 | 353 | 711 | -9.4% |
| Chile | 32.9 | 258 | 138 | 155 | 67.6% |
| Panama | 561 | 107 | 271 | 141 | -36.9% |
| Colombia | 73.8 | 92.0 | 115 | 101 | 11.0% |
| United States | 3.6 | 17.1 | 19.9 | 13.2 | 54.2% |
| Belgium | N/A | N/A | 0.2 | N/A | 0% |
| Costa Rica | N/A | 264 | N/A | N/A | 0% |
| Mexico | N/A | N/A | 125 | N/A | 0% |
| Singapore | 450 | N/A | N/A | N/A | 0% |
| Bolivia | N/A | 0.1 | N/A | N/A | 0% |
| Madagascar | N/A | N/A | 74.6 | N/A | 0% |
| Others | 8.7 | N/A | 53.0 | 8.9 | 0.8% |
| Total | 2,087 | 1,110 | 1,151 | 1,130 | -18.5% |
Top Export Markets for Mechanical Shovel and Excavator from Ecuador in 2022:
- Peru (17.0 units)
- Chile (4.0 units)
- Panama (3.0 units)
- United States (1.0 units)
- Colombia (1.0 units)
- Bolivia (1.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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
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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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