Ecuador: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Ecuador

In 2022, the Ecuadorian market for industrial, laboratory or bakery ovens increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed buoyant growth. Industrial, laboratory or bakery oven consumption peaked in 2022 and is likely to continue growth in years to come.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Ecuador

In 2022, industrial, laboratory or bakery oven exports from Ecuador skyrocketed to X units, picking up by X% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, industrial, laboratory or bakery oven exports soared to $X in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X units) was the main destination for industrial, laboratory or bakery oven exports from Ecuador, accounting for a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to the Dominican Republic exceeded the volume sent to the second major destination, Brazil (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Panama (X% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for industrial, laboratory or bakery ovens exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Panama (X% per year).

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price posted buoyant growth. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per unit), while the average price for exports to Panama ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Ecuador

In 2022, imports of industrial, laboratory or bakery ovens into Ecuador declined slightly to X units, with a decrease of X% on 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped slightly in the following year.

In value terms, industrial, laboratory or bakery oven imports amounted to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest industrial, laboratory or bakery oven supplier to Ecuador, with a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Ecuador, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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