Ecuador: Mounted Lens Market 2024

Mounted Lens Market Size in Ecuador

The Ecuadorian mounted lens market stood at $X in 2022, with an increase 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). In general, consumption saw a relatively flat trend pattern. Mounted lens consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Mounted Lens Exports

Exports from Ecuador

After two years of growth, overseas shipments of mounted lenses, prisms and mirrors decreased by X% to X units in 2017. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell significantly in the following year.

In value terms, mounted lens exports dropped rapidly to $X in 2017. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for mounted lens exports from Ecuador, accounting for a X% share of total exports. Moreover, mounted lens exports to the United States exceeded the volume sent to the second major destination, Bolivia (X units), sixfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2013 to 2017, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for mounted lenses, prisms and mirrors exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports. It was followed by Switzerland, with an X% share.

From 2013 to 2017, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2017, the average mounted lens export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2017, the average export prices failed to regain momentum.

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

From 2013 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Mounted Lens Imports

Imports into Ecuador

In 2022, imports of mounted lenses, prisms and mirrors into Ecuador surged to X units, increasing by X% on the previous year's figure. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, mounted lens imports totaled $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest mounted lens supplier to Ecuador, with a X% share of total imports. Moreover, mounted lens imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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).

In value terms, the largest mounted lens suppliers to Ecuador were China ($X), the United States ($X) and Panama ($X), together accounting for X% of total imports. These countries were followed by Mexico, which accounted for a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 mounted lens import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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