Ecuador: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Ecuador

The Ecuadorian machine-tool for removing material market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated measured growth 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in Ecuador

In value terms, machine-tool for removing material production fell to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable 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 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Ecuador

In 2022, machine-tool for removing material exports from Ecuador reduced remarkably to X units, which is down by X% on 2021 figures. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X units), the United States (X units) and Peru (X units) were the main destinations of machine-tool for removing material exports from Ecuador.

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

In value terms, Mexico ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average machine-tool for removing material export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Ecuador

In 2022, supplies from abroad of machine-tools for working any material by removal of material decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for removing material imports expanded markedly to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for removing material supplier to Ecuador, accounting for a X% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value 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 the Czech Republic (X.7% per year).

Import Prices by Country

In 2022, the average machine-tool for removing material import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price enjoyed a prominent increase. As a result, import price attained the peak level and is likely to continue 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 ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :