Report Update Apr 1, 2024

Ecuador - Electronic Machines and Appliances for Testing Metals - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Ecuador

The Ecuadorian electronic metal tester market declined sharply to $X in 2022, with a decrease of 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 drastic downturn. Electronic metal tester consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Electronic Metal Tester Exports

Exports from Ecuador

After two years of decline, overseas shipments of electronic machines and appliances for testing metals decreased by X% to X units in 2022. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electronic metal tester exports fell significantly to $X in 2022. In general, exports, however, enjoyed a tangible expansion. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) and Germany (X units) were the main destinations of electronic metal tester exports from Ecuador.

From 2014 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, saw a notable increase. The export price peaked at $X per unit in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

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Electronic Metal Tester Imports

Imports into Ecuador

After three years of decline, purchases abroad of electronic machines and appliances for testing metals decreased by X% to X units in 2022. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, electronic metal tester imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Uruguay (X units) were the main suppliers of electronic metal tester imports to Ecuador, with a combined X% share of total imports. Moreover, electronic metal tester imports in the United States exceeded the figures recorded by the second-largest supplier, China, twofold.

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

In value terms, the United States ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average electronic metal tester import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic machines and appliances for testing metals in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 36% share of global consumption. Japan, Russia, the UK, Italy, Turkey, Ethiopia, South Korea, Canada, Saudi Arabia and France lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of electronic machines and appliances for testing metals in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, together comprising 36% of global production. Japan, Russia, the UK, Italy, Turkey, Ethiopia, South Korea, Canada, Saudi Arabia and France lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of electronic machines and appliances for testing metals to Ecuador?

In value terms, the United States constituted the largest supplier of electronic machines and appliances for testing metals to Ecuador, comprising 80% of total imports. The second position in the ranking was held by Colombia, with a 6.4% share of total imports. It was followed by China, with a 4.6% share.

What are the leading importers of electronic machines and appliances for testing metals from Ecuador?

In value terms, the United States $236) remains the key foreign market for electronic machines and appliances for testing metals exports from Ecuador, comprising 12% of total exports. The second position in the ranking was held by Germany $66), with a 3.2% share of total exports.

What is the average export price for electronic machines and appliances for testing metals in Ecuador?

In 2022, the average electronic metal tester export price amounted to $1,025 per unit, reducing by -25% against the previous year.

What is the average import price for electronic machines and appliances for testing metals in Ecuador?

In 2022, the average electronic metal tester import price amounted to $8,285 per unit, growing by 98% against the previous year.

This report provides an in-depth analysis of the electronic metal tester market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023