Ecuador: Radar Apparatus Market 2024

Radar Apparatus Market Size in Ecuador

The Ecuadorian radar apparatus market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption posted moderate growth. Radar apparatus consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Radar Apparatus Production in Ecuador

In value terms, radar apparatus production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated tangible 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Ecuador

In 2022, overseas shipments of radar apparatus were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports surged to $X in 2022. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for radar apparatus exports from Ecuador, with a X% share of total exports. Moreover, radar apparatus exports to the United States exceeded the volume sent to the second major destination, Spain (X units), threefold. Panama (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Panama (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for radar apparatus exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Panama ($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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Ecuador

Radar apparatus imports into Ecuador surged to X units in 2022, jumping by X% compared with the previous year. Over the period under review, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of radar apparatus to Ecuador, accounting for a X% share of total imports. Moreover, radar apparatus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Lithuania (X units), twofold. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Hong Kong SAR (X% per year).

In value terms, the Netherlands ($X), the United States ($X) and Lithuania ($X) constituted the largest radar apparatus suppliers to Ecuador, together accounting for X% of total imports. Slovakia, China, Germany, Hong Kong SAR, Spain, Denmark and Israel lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 radar apparatus import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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