Ecuador - Way-Type Unit Heads for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEcuador: Way-Type Unit Head Market 2024
Way-Type Unit Head Market Size in Ecuador
The Ecuadorian way-type unit head market surged to $X in 2021, jumping by 35% 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). In general, consumption, however, continues to indicate a deep setback. Way-type unit head consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Way-Type Unit Head Exports
Exports from Ecuador
Way-type unit head exports from Ecuador declined markedly to X kg in 2021, which is down by -61.3% on the previous year. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2019 with an increase of 2.3%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, way-type unit head exports contracted rapidly to $X in 2021. In general, exports showed a sharp setback. The pace of growth appeared the most rapid in 2019 when exports increased by 16%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
Colombia (X kg) was the main destination for way-type unit head exports from Ecuador, accounting for a 77% share of total exports. Moreover, way-type unit head exports to Colombia exceeded the volume sent to the second major destination, Panama (X kg), sixfold. The third position in this ranking was taken by the United States (X kg), with an 8.5% share.
From 2012 to 2021, the average annual growth rate of volume to Colombia stood at -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-29.7% per year) and the United States (-41.1% per year).
In value terms, Panama ($X) remains the key foreign market for way-type unit heads for working metal exports from Ecuador, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Colombia, with a 7.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-25.8% per year) and Colombia (-0.2% per year).
Export Prices by Country
In 2021, the average way-type unit head export price amounted to $X per ton, increasing by 50% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Way-Type Unit Head Imports
Imports into Ecuador
In 2021, approx. X tons of way-type unit heads for working metal were imported into Ecuador; picking up by 35% compared with 2020. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, way-type unit head imports soared to $X in 2021. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of way-type unit head to Ecuador, accounting for a 58% share of total imports. Moreover, way-type unit head imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.3% per year) and the United States (-2.8% per year).
In value terms, China ($X) constituted the largest supplier of way-type unit heads for working metal to Ecuador, comprising 34% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.6% per year) and Italy (+10.5% per year).
Import Prices by Country
The average way-type unit head import price stood at $X per ton in 2021, reducing by -2.2% against the previous year. Overall, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2020 an increase of 100% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the way-type unit head market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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