Report Update Apr 1, 2024

Ecuador - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Ecuador

In 2021, after two years of growth, there was significant decline in the Ecuadorian electric rotary converter market, when its value decreased by -11.4% to $X. In general, consumption, however, enjoyed moderate growth. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Electric Rotary Converter Exports

Exports from Ecuador

Electric rotary converter exports from Ecuador totaled X units in 2021, standing approx. at the previous year. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 750%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric rotary converter exports fell slightly to $X in 2021. In general, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when exports increased by 578%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for electric rotary converter exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +17.4%.

In value terms, Chile ($X) remains the key foreign market for electric rotary converters exports from Ecuador, comprising 98% of total exports. The second position in the ranking was held by Spain ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +9.7%.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, dropping by -3.3% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.1%).

Electric Rotary Converter Imports

Imports into Ecuador

In 2021, purchases abroad of electric rotary converters decreased by -14.7% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,033% against the previous year. Imports peaked at X units in 2020, and then contracted in the following year.

In value terms, electric rotary converter imports expanded rapidly to $X in 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 871% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric rotary converter to Ecuador, with a 77% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Canada (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.7% per year) and Canada (+22.0% per year).

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the largest electric rotary converter suppliers to Ecuador, with a combined 60% share of total imports. These countries were followed by Canada, Panama and Hong Kong SAR, which together accounted for a further 3.8%.

Among the main suppliers, Canada, with a CAGR of +17.1%, recorded the highest rates of growth with regard to 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

The average electric rotary converter import price stood at $X per unit in 2021, surging by 34% against the previous year. In general, the import price, however, showed a deep contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Malaysia and the Netherlands, together accounting for 60% of global consumption. These countries were followed by Hong Kong SAR, Nigeria, Canada, Latvia, Vietnam, Switzerland and the UK, which together accounted for a further 25%.

What are the largest producers of electric rotary converters in the world?

Malaysia remains the largest electric rotary converter producing country worldwide, comprising approx. 31% of total volume. Moreover, electric rotary converter production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was held by Germany, with an 11% share.

What are the leading suppliers of electric rotary converters to Ecuador?

In value terms, the largest electric rotary converter suppliers to Ecuador were the United States, China and Mexico, with a combined 60% share of total imports. These countries were followed by Canada, Panama and Hong Kong SAR, which together accounted for a further 3.8%.

What are the leading importers of electric rotary converters from Ecuador?

In value terms, Chile remains the key foreign market for electric rotary converters exports from Ecuador, comprising 98% of total exports. The second position in the ranking was held by Spain $4), with a 0.1% share of total exports.

What is the average export price for electric rotary converters in Ecuador?

In 2021, the average electric rotary converter export price amounted to $338 per unit, with a decrease of -3.3% against the previous year.

What is the average import price for electric rotary converters in Ecuador?

In 2021, the average electric rotary converter import price amounted to $186 per unit, growing by 34% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023