Ecuador: Vapour Power Unit Market 2023

Vapour Power Unit Market Size in Ecuador

In 2021, after two years of decline, there was significant growth in the Ecuadorian vapour power unit market, when its value increased by 14,924% to $X. In general, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vapour Power Unit Exports

Exports from Ecuador

Vapour power unit exports from Ecuador shrank dramatically to X kg in 2018, with a decrease of -33.3% compared with 2017 figures. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by 519%. As a result, the exports reached the peak of X kg. From 2014 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour power unit exports contracted markedly to $X in 2018. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 585% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2018, the growth of the exports failed to regain momentum.

Exports by Country

From 2012 to 2018, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to No country was relatively modest.

Vapour Power Unit Imports

Imports into Ecuador

In 2021, supplies from abroad of condensers for steam or other vapour power units was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vapour power unit imports surged to $X in 2021. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main vapour power unit supplier to Ecuador, accounting for a 100% share of total imports. It was followed by Spain (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.9% per year) and China (-46.7% per year).

In value terms, the United States ($X) constituted the largest supplier of vapour power unit to Ecuador, comprising 100% of total imports. The second position in the ranking was held by China ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-49.0% per year) and Spain (+5.7% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, growing by 49% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 304%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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