Ecuador: Mounted Piezo-Electric Crystals Market 2023

Mounted Piezo-Electric Crystals Market Size in Ecuador

In 2021, the Ecuadorian mounted piezo-electric crystals market increased by 85% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a significant expansion. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Mounted Piezo-Electric Crystals Exports

Exports from Ecuador

After three years of growth, shipments abroad of mounted piezo-electric crystals decreased by -90% to X units in 2021. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 678%. The exports peaked at X units in 2020, and then contracted significantly in the following year.

In value terms, mounted piezo-electric crystals exports declined markedly to $X in 2021. In general, exports, however, posted a measured increase. The pace of growth was the most pronounced in 2014 when exports increased by 254% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for mounted piezo-electric crystals exports from Ecuador, with a 79% share of total exports. Moreover, mounted piezo-electric crystals exports to the United States exceeded the volume sent to the second major destination, Poland (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+67.1% per year) and China (+56.0% per year).

In value terms, the United States ($X) remains the key foreign market for mounted piezo-electric crystals exports from Ecuador, comprising 73% of total exports. The second position in the ranking was taken by Poland ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+53.5% per year) and China (+34.9% per year).

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, increasing by 155% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 2,199%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-7.5%), while the prices for the other major destinations experienced a decline.

Mounted Piezo-Electric Crystals Imports

Imports into Ecuador

In 2021, overseas purchases of mounted piezo-electric crystals increased by 91% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 820%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, mounted piezo-electric crystals imports skyrocketed to $X in 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 305%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) was the main mounted piezo-electric crystals supplier to Ecuador, accounting for a 93% share of total imports. Moreover, mounted piezo-electric crystals imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +132.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.5% per year) and Hong Kong SAR (+30.4% per year).

In value terms, China ($X) constituted the largest supplier of mounted piezo-electric crystals to Ecuador, comprising 87% of total imports. The second position in the ranking was held by the United States ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +149.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+37.2% per year) and Hong Kong SAR (+44.1% per year).

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, with a decrease of -10.2% against the previous year. Overall, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 105%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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