Ecuador: Transport Container Market 2024

Transport Container Market Size in Ecuador

In 2022, the Ecuadorian transport container market was finally on the rise to reach $X after three years of decline. Overall, consumption posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Transport Container Exports

Exports from Ecuador

In 2022, overseas shipments of transport containers increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports showed a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, transport container exports surged to $X in 2022. Over the period under review, exports saw a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Canada (X units) and the United States (X units) were the main destinations of transport container exports from Ecuador, together accounting for X% of total exports. Chile, Guatemala, Spain and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transport container exported from Ecuador were Peru ($X), Canada ($X) and the United States ($X), with a combined X% share of total exports. Chile, Guatemala, Spain and Colombia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, 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

The average transport container export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 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 Peru ($X per unit), while the average price for exports to Chile ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Transport Container Imports

Imports into Ecuador

In 2022, after three years of decline, there was significant growth in overseas purchases of transport containers, when their volume increased by X% to X units. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, transport container imports totaled $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Peru (X units) and Denmark (X units) were the main suppliers of transport container imports to Ecuador, together comprising X% of total imports. Barbados, Hong Kong SAR, the United States, Uruguay and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Barbados (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Peru ($X) and Denmark ($X) appeared to be the largest transport container suppliers to Ecuador, with a combined X% share of total imports. The United States, Hong Kong SAR, Barbados, Uruguay and Spain lagged somewhat behind, together comprising a further X%.

Barbados, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average transport container import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 China ($X per unit), while the price for Barbados ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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