Ecuador: Aircraft Market 2022

Aircraft Market Size in Ecuador

For the third year in a row, the Ecuadorian aircraft market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aircraft Exports

Exports from Ecuador

In 2021, approx. less than X units of airplanes and other aircraft were exported from Ecuador; which is down by -X% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for aircraft exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for aircraft exports from Ecuador.

From 2012 to 2020, the average annual growth rate of value to the United States amounted to +X%.

Export Prices by Country

The average aircraft export price stood at $X per unit in 2020, waning by -X% against the previous year. Overall, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2020, the rate of growth in terms of prices for the United States amounted to -X% per year.

Aircraft Imports

Imports into Ecuador

Aircraft imports into Ecuador skyrocketed to X units in 2021, with an increase of X% compared with the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aircraft imports skyrocketed to $X in 2021. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the main supplier of aircraft to Ecuador, with a X% share of total imports. Moreover, aircraft imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%.

In value terms, the United States ($X) constituted the largest supplier of aircraft to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%.

Import Prices by Country

In 2021, the average aircraft import price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined dramatically in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per unit), while the price for Colombia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform