Pumps; Parts Thereof Price in Ecuador - 2022
Contents:
- Pumps; Parts Thereof Price in Ecuador (CIF) - 2022
- Pumps; Parts Thereof Price in Ecuador (FOB) - 2022
- Pumps; Parts Thereof Imports in Ecuador
- Pumps; Parts Thereof Exports in Ecuador
Pumps; Parts Thereof Price in Ecuador (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $26,536 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. The import price peaked at $31,175 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($45,955 per ton), while the price for Italy ($8,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Ecuador (FOB) - 2022
The average pumps; parts thereof export price stood at $26,139 per ton in 2022, surging by 2.1% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 49% against the previous year. The export price peaked at $33,223 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
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 Brazil ($60,110 per ton), while the average price for exports to Saudi Arabia ($11,671 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 Saudi Arabia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Ecuador
In 2022, imports of pumps; parts thereoves into Ecuador declined to 1.1K tons, which is down by -8% compared with 2021. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 16%.
In value terms, pumps; parts thereof imports contracted to $30M in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
| Import of Pumps; Parts Thereof in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.3 | 6.9 | 10.0 | 7.7 | -14.5% |
| Singapore | 16.6 | 6.3 | 3.8 | 6.7 | -26.1% |
| China | 6.7 | 3.4 | 5.6 | 4.3 | -13.7% |
| United Arab Emirates | 0.6 | 1.5 | 2.8 | 2.1 | 51.8% |
| South Korea | 1.0 | 0.3 | 1.4 | 1.0 | 0.0% |
| Brazil | 0.6 | 0.8 | 1.2 | 0.9 | 14.5% |
| Netherlands | 0.1 | 0.3 | 0.7 | 0.6 | 81.7% |
| Italy | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| Taiwan (Chinese) | 0.8 | 0.4 | 0.4 | 0.4 | -20.6% |
| Russia | 0.8 | 0.3 | 0.4 | 0.4 | -20.6% |
| Colombia | 0.4 | 0.5 | 0.4 | 0.3 | -9.1% |
| Peru | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 5.6 | 5.6 | 5.2 | 4.7 | -5.7% |
| Total | 46.2 | 26.9 | 32.8 | 29.9 | -13.5% |
Top Suppliers of Pumps; Parts Thereof to Ecuador in 2022:
- China (297.9 tons)
- United States (288.2 tons)
- Singapore (150.7 tons)
- Italy (67.2 tons)
- United Arab Emirates (46.2 tons)
- Brazil (44.5 tons)
- Colombia (27.2 tons)
- Peru (20.4 tons)
- Netherlands (18.9 tons)
- Taiwan (Chinese) (18.5 tons)
- Russia (17.0 tons)
- South Korea (16.3 tons)
Pumps; Parts Thereof Exports in Ecuador
Pumps; parts thereof exports from Ecuador declined significantly to 48 tons in 2022, waning by -43.1% against 2021. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 688%.
In value terms, pumps; parts thereof exports shrank notably to $1.3M in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 523% against the previous year.
| Export of Pumps; Parts Thereof in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1,746 | 160 | 607 | 540 | -32.4% |
| United States | 134 | 63.6 | 296 | 154 | 4.7% |
| Saudi Arabia | 1.7 | 11.1 | 261 | 117 | 309.8% |
| Peru | 346 | 25.5 | 209 | 111 | -31.5% |
| Mexico | 32.7 | 13.1 | 233 | 105 | 47.5% |
| Brazil | 342 | 24.9 | 54.8 | 87.0 | -36.6% |
| Argentina | 172 | 13.0 | 73.3 | 51.1 | -33.3% |
| Canada | 171 | 8.8 | 86.8 | 46.8 | -35.1% |
| Others | 168 | 29.0 | 352 | 49.5 | -33.5% |
| Total | 3,113 | 349 | 2,172 | 1,260 | -26.0% |
Top Export Markets for Pumps; Parts Thereof from Ecuador in 2022:
- Colombia (19.3 tons)
- Saudi Arabia (10.0 tons)
- United States (6.5 tons)
- Peru (5.2 tons)
- Mexico (2.7 tons)
- Brazil (1.4 tons)
- Argentina (1.2 tons)
- Canada (0.6 tons)
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