Ecuador: Market for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines 2024

Market Size for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Ecuador

The Ecuadorian market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines soared to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Exports from Ecuador

After two years of growth, overseas shipments of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines fell markedly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Mexico (X units), Guatemala (X units) and Panama (X units) were the main destinations of exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines from Ecuador, with a combined X% share of total exports. Moreover, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Mexico exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Guatemala ($X) and Panama ($X) appeared to be the largest markets for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines exported from Ecuador worldwide, together accounting for X% of total exports.

Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Panama ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Imports into Ecuador

In 2022, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines into Ecuador soared to X units, increasing by X% against the previous year. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines skyrocketed to $X in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines to Ecuador, with a X% share of total imports. It was followed by the United States (X units), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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