Ecuador: Radar Apparatus Market 2023

Radar Apparatus Market Size in Ecuador

In 2022, after two years of growth, there was decline in the Ecuadorian radar apparatus market, when its value decreased by -2.4% to $X. Over the period under review, consumption continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Ecuador

In value terms, radar apparatus production amounted to $X in 2022 estimated in export price. Overall, production showed a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of 20%. Radar apparatus production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports from Ecuador

In 2022, after two years of decline, there was significant growth in overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume increased by 101% to X units. In general, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2016 with an increase of 276% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 306% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for radar apparatus exports from Ecuador, accounting for a 6.3% share of total exports. Moreover, radar apparatus exports to Colombia exceeded the volume sent to the second major destination, Canada (X units), twofold. Brazil (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to -36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+15.1% per year) and Brazil (-45.9% per year).

In value terms, the largest markets for radar apparatus exported from Ecuador were Colombia ($X), the United States ($X) and Brazil ($X), together accounting for 36% of total exports. Japan, Argentina, Mexico, Canada, Peru, Panama, Chile, Italy, the Netherlands and Spain lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +32.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, growing by 2.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 14%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Spain ($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 the United States (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Ecuador

In 2022, after three years of growth, there was significant decline in supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume decreased by -12% to X units. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by 117%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports shrank significantly to $X in 2022. Over the period under review, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 168%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and Free Zones (X units) were the main suppliers of radar apparatus imports to Ecuador, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Ecuador, comprising 44% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Free Zones amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-15.5% per year) and China (+10.8% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, dropping by -4.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 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 the United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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