Ecuador: Radiator Market 2022

Radiator Market Size in Ecuador

The Ecuadorian radiator market fell remarkably to $X in 2021, dropping by -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). Over the period under review, consumption, however, continues to indicate a notable increase. Radiator consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Radiator Exports

Exports from Ecuador

In 2021, the amount of radiators for central heating (not electrically heated) exported from Ecuador stood at less than X kg, flattening at 2020. In general, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, radiator exports totaled less than $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X kg) was the main destination for radiator exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to South Korea amounted to +X%.

In value terms, South Korea ($X) also remains the key foreign market for radiator exports from Ecuador.

From 2012 to 2019, the average annual rate of growth in terms of value to South Korea was relatively modest.

Export Prices by Country

In 2019, the average radiator export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2019, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2019, the rate of growth in terms of prices for South Korea amounted to -X% per year.

Radiator Imports

Imports into Ecuador

In 2021, radiator imports into Ecuador contracted dramatically to X tons, with a decrease of -X% against the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then shrank rapidly in the following year.

In value terms, radiator imports shrank sharply to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. 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 peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest radiator supplier to Ecuador, with a X% share of total imports. Moreover, radiator imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Canada (+X% per year).

In value terms, Colombia ($X), China ($X) and the United States ($X) were the largest radiator suppliers to Ecuador, together comprising X% of total imports.

Among the main suppliers, Colombia, with a CAGR of +X%, recorded 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 2021, the average radiator import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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