Seals; Mechanical Price in Ecuador - 2022
Contents:
- Seals; Mechanical Price in Ecuador (CIF) - 2022
- Seals; Mechanical Price in Ecuador (FOB) - 2022
- Seals; Mechanical Imports in Ecuador
- Seals; Mechanical Exports in Ecuador
Seals; Mechanical Price in Ecuador (CIF) - 2022
In 2022, the average seals; mechanical import price amounted to $2.4 per unit, declining by -12.8% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $4.3 per unit. From 2015 to 2022, the average 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 Mexico ($6.7 per unit), while the price for Thailand ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Seals; Mechanical Price in Ecuador (FOB) - 2022
The average seals; mechanical export price stood at $4.8 per unit in 2022, picking up by 6.5% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 140% against the previous year. The export price peaked at $7 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Malaysia ($24 per unit), while the average price for exports to Argentina ($2.3 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 Germany (+115.2%), while the prices for the other major destinations experienced more modest paces of growth.
Seals; Mechanical Imports in Ecuador
In 2022, approx. 1.6M units of seals; mechanicals were imported into Ecuador; surging by 1.6% compared with the previous year's figure. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at 2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, seals; mechanical imports fell to $4M in 2022. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked at $5.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Seals; Mechanical in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1,124 | 499 | 1,135 | 1,135 | 0.3% |
| United States | 1,914 | 1,011 | 1,174 | 842 | -23.9% |
| China | 413 | 508 | 536 | 537 | 9.1% |
| Saudi Arabia | 727 | 329 | 331 | 329 | -23.2% |
| Germany | 337 | 294 | 120 | 283 | -5.7% |
| Mexico | 475 | 255 | 511 | 149 | -32.1% |
| Brazil | 65.7 | 129 | 55.7 | 128 | 24.9% |
| South Korea | 94.5 | 33.7 | 81.4 | 81.4 | -4.9% |
| Italy | 49.0 | 62.9 | 66.7 | 17.9 | -28.5% |
| India | 5.2 | 7.9 | 12.1 | 14.5 | 40.8% |
| Thailand | 1.7 | 2.9 | 9.1 | 9.1 | 74.9% |
| Others | 235 | 312 | 431 | 429 | 22.2% |
| Total | 5,441 | 3,446 | 4,464 | 3,955 | -10.1% |
Top Suppliers of Seals; Mechanical to Ecuador in 2022:
- Saudi Arabia (461.6K units)
- Colombia (416.5K units)
- China (279.2K units)
- United States (140.2K units)
- Germany (71.1K units)
- Brazil (55.7K units)
- India (26.4K units)
- South Korea (26.3K units)
- Thailand (26.1K units)
- Mexico (22.4K units)
- Italy (13.2K units)
Seals; Mechanical Exports in Ecuador
Seals; mechanical exports from Ecuador declined dramatically to 3.5K units in 2022, reducing by -35.2% on 2021. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. The exports peaked at 7.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, seals; mechanical exports declined markedly to $17K in 2022. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 163% against the previous year. Over the period under review, the exports reached the maximum at $32K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Seals; Mechanical in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 5.9 | 1.7 | 5.4 | 4.3 | -10.0% |
| Malaysia | 9.7 | 2.1 | 4.8 | 3.6 | -28.1% |
| Colombia | 4.2 | 2.1 | 4.7 | 2.4 | -17.0% |
| United States | 0.3 | N/A | 3.8 | 1.3 | 63.0% |
| Japan | 1.8 | 0.5 | 1.5 | 1.2 | -12.6% |
| Peru | 0.9 | 0.7 | 1.3 | 1.1 | 6.9% |
| Canada | 3.2 | 0.4 | 0.1 | 1.0 | -32.1% |
| Nigeria | 1.0 | 0.3 | 1.3 | 1.0 | 0.0% |
| Mexico | 0.2 | 0.3 | 0.1 | 0.3 | 14.5% |
| Chile | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Others | 4.4 | 1.2 | 1.3 | 0.6 | -48.5% |
| Total | 32.0 | 9.4 | 24.7 | 17.0 | -19.0% |
Top Export Markets for Seals; Mechanical from Ecuador in 2022:
- Argentina (1882.0 units)
- Colombia (605.0 units)
- Nigeria (243.0 units)
- Malaysia (152.0 units)
- Japan (124.0 units)
- Peru (114.0 units)
- United States (104.0 units)
- Canada (78.0 units)
- Mexico (77.0 units)
- Chile (54.0 units)
503
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
503
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
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