Ecuador: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Ecuador

The Ecuadorian market for turbo, rotary and reciporating displacement compressors reduced notably to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Ecuador

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X units), Peru (X units) and Panama (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Ecuador, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Ecuador were the United States ($X), Peru ($X) and Colombia ($X), together comprising X% of total exports. These countries were followed by Panama, which accounted for a further X%.

In terms of the main countries of destination, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed a mild increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Panama ($X 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 Peru (X%), while the prices for the other major destinations experienced a decline.

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Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Ecuador

In 2022, the amount of turbo, rotary and reciporating displacement compressors imported into Ecuador dropped dramatically to X units, waning by X% compared with 2021. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Ecuador, accounting for a X% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was taken by Brazil (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Brazil (X% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Ecuador were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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