Ecuador: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Ecuador

In 2022, the Ecuadorian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, recorded a perceptible decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Ecuador

In 2022, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps exported from Ecuador surged to X units, rising by X% compared with 2021 figures. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2022. In general, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Ecuador, with a X% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Venezuela exceeded the volume sent to the second major destination, Peru (X units), fivefold. Chile (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Chile (X% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

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

Export Prices by Country

In 2022, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Peru ($X per unit), while the average price for exports to Honduras ($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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Ecuador

In 2022, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded remarkably to $X in 2022. Overall, imports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Ecuador, accounting for a X% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Ecuador, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

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 South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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