Ecuador: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Ecuador

The Ecuadorian electro-magnetic coupling market reached $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Electro-magnetic coupling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Electro-Magnetic Coupling Production in Ecuador

In value terms, electro-magnetic coupling production totaled $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Electro-magnetic coupling production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Electro-Magnetic Coupling Exports

Exports from Ecuador

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were exported from Ecuador; rising by X% against the previous year's figure. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling exports soared to $X in 2022. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Colombia (X tons) and Turkey (X tons) were the main destinations of electro-magnetic coupling exports from Ecuador, together comprising X% of total exports.

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

In value terms, Argentina ($X) emerged as the key foreign market for electro-magnetic couplings, clutches and brakes exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Turkey (X% per year).

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Ecuador

In 2022, supplies from abroad of electro-magnetic couplings, clutches and brakes increased by X% to X tons, rising for the second year in a row after eight years of decline. Over the period under review, imports, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electro-magnetic coupling imports dropped modestly to $X in 2022. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of electro-magnetic coupling imports to Ecuador, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest electro-magnetic coupling suppliers to Ecuador were Germany ($X), China ($X) and Spain ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 electro-magnetic coupling import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price 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, electro-magnetic coupling import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform