Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador - 2022

Contents:

1. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador (CIF) - 2022
2. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador (FOB) - 2022
3. Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador
4. Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador (CIF) - 2022

The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $71 per unit in 2022, with a decrease of -7.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19% against the previous year. The import price peaked at $198 per unit 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 the United States ($199 per unit), while the price for Spain ($22 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.8%), while the prices for the other major suppliers experienced a decline.

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador (FOB) - 2022

The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $242 per unit in 2022, increasing by 24% against the previous year. Overall, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of 518% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Mexico ($342 per unit), while the average price for exports to Panama ($1 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 Canada (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador

Imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) into Ecuador contracted dramatically to 14K units in 2022, which is down by -53.1% against the year before. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 308% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the peak figure at 47K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped rapidly to $967K in 2022. Overall, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 284% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the peak figure at $3.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Ecuador in 2022:

1. China (10.8K units)
2. Taiwan (Chinese) (1.0K units)
3. United States (0.8K units)
4. South Korea (0.4K units)
5. Spain (0.3K units)

Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ecuador

Exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) from Ecuador declined significantly to 22 units in 2022, waning by -15.4% against the previous year's figure. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 136% against the previous year. As a result, the exports reached the peak of 26 units, and then dropped dramatically in the following year.

In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) expanded markedly to $5.3K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,361%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Ecuador in 2022:

1. Canada (7.0 units)
2. Mexico (6.0 units)
3. Brazil (1.0 units)
4. Netherlands (1.0 units)
5. Chile (1.0 units)
6. Panama (1.0 units)
7. United States (1.0 units)
8. Germany (1.0 units)
9. Peru (1.0 units)
10. Colombia (1.0 units)
11. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform