Report Update: Apr 1, 2024

Ecuador - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in Ecuador - 2022

Spectrometers and Spectrophotometers Price in Ecuador (CIF) - 2022

The average spectrometers and spectrophotometers import price stood at $266 per unit in January 2022, with an increase of 60% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in July 2021 when the average import price increased by 214% against the previous month. Over the period under review, average import prices hit record highs at $629 per unit in March 2021; however, from April 2021 to January 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($648 per unit), while the price for the United States ($121 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 China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectrometers and Spectrophotometers Price in Ecuador (FOB) - 2022

The average spectrometers and spectrophotometers export price stood at $3,593 per unit in 2022, declining by -42.3% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 1,225% against the previous year. Over the period under review, the average export prices attained the maximum at $19,576 per unit in 2013; however, from 2014 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 Peru ($18,231 per unit), while the average price for exports to El Salvador ($305 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 (+5.3%), while the prices for the other major destinations experienced a decline.

Spectrometers and Spectrophotometers Imports in Ecuador

In 2022, imports of spectrometers and spectrophotometers into Ecuador fell modestly to 871 units, which is down by -3.2% compared with 2021 figures. Overall, imports recorded a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. Over the period under review, imports reached the peak figure at 976 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, spectrometers and spectrophotometers imports contracted remarkably to $4.2M in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 179%. Over the period under review, imports reached the peak figure at $6.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Spectrometers and Spectrophotometers in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,047	975	2,814	2,212	28.3%
United States	1,147	230	651	509	-23.7%
Germany	743	116	372	301	-26.0%
Hong Kong SAR	989	218	69.9	216	-39.8%
Hungary	2.2	29.5	210	165	321.7%
United Kingdom	399	38.8	65.2	115	-33.9%
France	271	57.8	12.0	85.1	-32.0%
Others	1,854	558	1,997	603	-31.2%
Total	6,453	2,223	6,191	4,207	-13.3%

Top Suppliers of Spectrometers and Spectrophotometers to Ecuador in 2022:

China (383.0 units)
United States (353.0 units)
Hong Kong SAR (64.0 units)
Hungary (18.0 units)
Germany (7.0 units)
France (5.0 units)
United Kingdom (2.0 units)

Spectrometers and Spectrophotometers Exports in Ecuador

Spectrometers and spectrophotometers exports from Ecuador surged to 117 units in 2022, growing by 77% on 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectrometers and spectrophotometers exports reached $422K in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.3% against the previous year. As a result, the exports reached the peak of $432K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Spectrometers and Spectrophotometers in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	112	184	311	240	28.9%
Peru	154	184	30.7	100	-13.4%
Germany	63.1	2.2	15.8	20.0	-31.8%
El Salvador	10.6	14.8	5.3	17.0	17.1%
Austria	18.1	15.7	19.4	15.8	-4.4%
Bolivia	3.9	5.7	13.2	10.2	37.8%
Mexico	5.8	4.2	4.2	2.8	-21.6%
Others	38.7	21.8	11.4	16.1	-25.3%
Total	406	432	411	422	1.3%

Top Export Markets for Spectrometers and Spectrophotometers from Ecuador in 2022:

El Salvador (56.0 units)
Austria (20.0 units)
Colombia (17.0 units)
Bolivia (8.0 units)
Peru (5.0 units)
Germany (4.0 units)
Mexico (3.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers 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 26515330 - Spectrometers, spectrophotometers... using optical radiations

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023