Ecuador: Balloon And Dirigible Market 2022

Balloon And Dirigible Market Size in Ecuador

The Ecuadorian balloon and dirigible market soared to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, recorded a slight increase. Balloon and dirigible consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Balloon And Dirigible Production in Ecuador

In value terms, balloon and dirigible production declined to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Balloon and dirigible production peaked at $X in 2020, and then contracted in the following year.

Balloon And Dirigible Exports

Exports from Ecuador

After two years of decline, shipments abroad of balloons, dirigibles and other non-powered aircraft decreased by X% to less than X units in 2021. Over the period under review, exports saw a significant decrease. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, balloon and dirigible exports stood at less than $X in 2021. Overall, exports saw a noticeable contraction. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for balloon and dirigible exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Honduras was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Honduras was relatively modest.

Export Prices by Country

The average balloon and dirigible export price stood at $X per unit in 2018, leveling off at the previous year. In general, the export price recorded a significant expansion. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for Honduras amounted to X% per year.

Balloon And Dirigible Imports

Imports into Ecuador

In 2021, overseas purchases of balloons, dirigibles and other non-powered aircraft increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, balloon and dirigible imports dropped markedly to $X in 2021. Over the period under review, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of balloon and dirigible to Ecuador, accounting for a X% share of total imports. Moreover, balloon and dirigible imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Brazil (X% per year).

In value terms, Italy ($X), Japan ($X) and the United States ($X) were the largest balloon and dirigible suppliers to Ecuador, together comprising X% of total imports.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average balloon and dirigible import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then fell remarkably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform