Ecuador - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmart Card Price in Ecuador - 2022
Contents:
- Smart Card Price in Ecuador (CIF) - 2022
- Smart Card Price in Ecuador (FOB) - 2021
- Smart Card Imports in Ecuador
- Smart Card Exports in Ecuador
Smart Card Price in Ecuador (CIF) - 2022
In January 2022, the average smart card import price amounted to $2.0 per unit, picking up by 9.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2021 an increase of 41% against the previous month. Over the period under review, average import prices attained the peak figure at $2.4 per unit in February 2021; however, from March 2021 to January 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($3.7 per unit), while the price for Hong Kong SAR ($298 per thousand units) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Turkey (+48.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Smart Card Price in Ecuador (FOB) - 2021
In November 2021, the average smart card export price amounted to $1.9 per unit, stabilizing at the previous month. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in March 2021 an increase of 210% month-to-month. Over the period under review, the average export prices attained the maximum in November 2021.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From January 2021 to November 2021, the rate of growth in terms of prices for the Dominican Republic amounted to 0.0% per month.
Smart Card Imports in Ecuador
In 2022, imports of cards incorporating an electronic integrated circuit (smart card) into Ecuador declined to 15M units, reducing by -8.7% against 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked at 18M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, smart card imports shrank to $11M in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Imports peaked at $14M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Smart Card in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.5 | 4.3 | 4.2 | 4.3 | -7.9% |
| Colombia | 3.2 | 2.0 | 3.7 | 3.5 | 3.0% |
| China | 2.2 | 1.5 | 1.7 | 1.3 | -16.1% |
| Singapore | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Brazil | 0.3 | 0.1 | N/A | 0.2 | -12.6% |
| Hong Kong SAR | 0.9 | 0.2 | 0.3 | 0.1 | -51.9% |
| Others | 1.2 | 1.4 | 2.2 | 1.5 | 7.7% |
| Total | 13.7 | 10.0 | 12.7 | 11.3 | -6.2% |
Top Suppliers of Smart Card to Ecuador in 2022:
- China (4.9M units)
- Mexico (4.7M units)
- Colombia (3.7M units)
- Brazil (0.5M units)
- Hong Kong SAR (0.4M units)
- Singapore (0.3M units)
Smart Card Exports in Ecuador
For the fourth year in a row, Ecuador recorded growth in overseas shipments of cards incorporating an electronic integrated circuit (smart card), which increased by 46% to 177K units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, smart card exports reduced notably to $441K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 138%. As a result, the exports attained the peak of $621K, and then fell remarkably in the following year.
| Export of Smart Card in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 160 | 193 | 160 | 284 | 21.1% |
| Brazil | 28.8 | 11.8 | 22.9 | 41.0 | 12.5% |
| Venezuela | 13.0 | 15.0 | 14.9 | 31.8 | 34.7% |
| Belgium | 0.6 | 0.6 | 0.5 | 19.3 | 218.0% |
| Uruguay | 18.4 | 9.0 | 0.2 | 13.4 | -10.0% |
| Mexico | 4.4 | 5.1 | 5.1 | 11.0 | 35.7% |
| Colombia | 4.0 | 3.0 | 1.8 | 4.5 | 4.0% |
| Panama | 11.5 | 7.6 | 4.4 | 3.7 | -31.5% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Others | 9.8 | 16.4 | 411 | 32.3 | 48.8% |
| Total | 250 | 261 | 621 | 441 | 20.8% |
Top Export Markets for Smart Card from Ecuador in 2022:
- Bolivia (110.0K units)
- Brazil (14.1K units)
- Venezuela (11.0K units)
- Colombia (10.8K units)
- Portugal (9.3K units)
- Belgium (6.9K units)
- Uruguay (4.7K units)
- Mexico (3.8K units)
- Panama (1.3K units)
This report provides an in-depth analysis of the smart card market 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 26123000 - Smart cards
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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