Ecuador: Dc Motor Market 2024

Dc Motor Market Size in Ecuador

The Ecuadorian DC motor market skyrocketed to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, recorded a pronounced shrinkage. Consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Dc Motor Production in Ecuador

In value terms, DC motor production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Dc Motor Exports

Exports from Ecuador

In 2023, exports of DC motors from Ecuador soared to X units, with an increase of X% on 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, DC motor exports skyrocketed to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Israel (X units), Peru (X units) and the Czech Republic (X units) were the main destinations of DC motor exports from Ecuador, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for DC motor exported from Ecuador were Colombia ($X), the United States ($X) and Peru ($X), with a combined X% share of total exports. The Netherlands, Guatemala, Israel, the Czech Republic, Costa Rica, Spain, Panama and the Dominican Republic lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average DC motor export price stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into Ecuador

In 2023, approx. X units of DC motors were imported into Ecuador; increasing by X% against the previous year. Overall, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, DC motor imports skyrocketed to $X in 2023. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest DC motor supplier to Ecuador, accounting for a X% share of total imports. Moreover, DC motor imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was held by Brazil (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Brazil (X% per year).

In value terms, the largest DC motor suppliers to Ecuador were China ($X), the United States ($X) and Italy ($X), with a combined X% share of total imports. Brazil, South Korea, Hong Kong SAR and Thailand lagged somewhat behind, together accounting for a further X%.

Brazil, 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

In 2023, the average DC motor import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform