Ecuador - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Ecuador - 2022
Contents:
- Thermostat Price in Ecuador (CIF) - 2022
- Thermostat Price in Ecuador (FOB) - 2022
- Thermostat Imports in Ecuador
- Thermostat Exports in Ecuador
Thermostat Price in Ecuador (CIF) - 2022
In January 2022, the average thermostat import price amounted to $1.3 per unit, which is down by -25% against the previous month. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 155% m-o-m. The import price peaked at $2.2 per unit in September 2021; however, from October 2021 to January 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Spain ($24.0 per unit), while the price for the United States ($736 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 Spain (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Ecuador (FOB) - 2022
In 2022, the average thermostat export price amounted to $5.6 per unit, remaining constant against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48%. The export price peaked at $10 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Chile ($103 per unit), while the average price for exports to Peru ($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 Bahrain (+74.9%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Ecuador
In 2022, imports of thermostats into Ecuador contracted to 1.4M units, waning by -14.2% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of 1.7M units, and then dropped in the following year.
In value terms, thermostat imports shrank to $5.8M in 2022. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $6.6M, and then dropped in the following year.
| Import of Thermostat in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 688 | 468 | 763 | 1,879 | 39.8% |
| South Korea | 601 | 820 | 1,084 | 1,194 | 25.7% |
| China | 1,137 | 762 | 1,498 | 914 | -7.0% |
| Japan | 820 | 391 | 792 | 645 | -7.7% |
| Spain | 153 | 139 | 185 | 243 | 16.7% |
| Italy | 1,849 | 1,603 | 1,220 | 221 | -50.7% |
| Mexico | 292 | 267 | 380 | 66.6 | -38.9% |
| Brazil | 102 | 74.7 | 144 | 46.5 | -23.0% |
| Others | 471 | 405 | 570 | 574 | 6.8% |
| Total | 6,112 | 4,932 | 6,636 | 5,784 | -1.8% |
Top Suppliers of Thermostat to Ecuador in 2022:
- China (500.1K units)
- South Korea (483.9K units)
- United States (156.1K units)
- Japan (116.1K units)
- Italy (30.7K units)
- Spain (22.6K units)
- Brazil (17.2K units)
- Mexico (15.9K units)
Thermostat Exports in Ecuador
In 2022, exports of thermostats from Ecuador fell rapidly to 2.2K units, dropping by -20.8% compared with 2021 figures. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 124% against the previous year. As a result, the exports reached the peak of 2.8K units, and then declined sharply in the following year.
In value terms, thermostat exports contracted remarkably to $13K in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Over the period under review, the exports reached the peak figure at $20K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Thermostat in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 0.4 | 0.4 | 1.8 | 1.5 | 55.4% |
| Venezuela | 1.4 | 1.0 | 1.6 | 1.5 | 2.3% |
| Switzerland | 3.8 | 0.1 | 1.7 | 1.3 | -30.1% |
| Colombia | 2.5 | 0.4 | 0.8 | 0.9 | -28.9% |
| Czech Republic | 1.2 | 1.6 | 1.6 | 0.7 | -16.4% |
| Netherlands | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Italy | 0.9 | 0.5 | 0.6 | 0.4 | -23.7% |
| Bolivia | 0.6 | N/A | 0.1 | 0.1 | -45.0% |
| Brazil | 2.8 | N/A | N/A | N/A | 0% |
| Others | 5.8 | 4.7 | 7.3 | 5.8 | 0.0% |
| Total | 19.9 | 9.1 | 16.0 | 12.6 | -14.1% |
Top Export Markets for Thermostat from Ecuador in 2022:
- Peru (1388.0 units)
- Czech Republic (163.0 units)
- Venezuela (106.0 units)
- Italy (84.0 units)
- Colombia (80.0 units)
- Bolivia (72.0 units)
- Switzerland (65.0 units)
- Netherlands (36.0 units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
