Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $31 per thousand units in 2022, with a decrease of -2.4% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. As a result, import price attained the peak level of $54 per thousand units. From 2014 to 2022, the average 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 the United States ($93 per thousand units), while the price for Colombia ($17 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, growing by 16% against the previous year. Overall, the export price recorded slight growth. The growth pace was the most rapid in 2017 when the average export price increased by 38%. Over the period under review, the average export prices attained the peak figure at $0.2 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($0.3 per unit), while the average price for exports to Chile (less than $0.1 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 Finland (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment imported into Ecuador rose notably to 1.1B units, picking up by 15% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $35M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 12.2 | 18.8 | 21.0 | 10.9% |
| United States | 6.0 | 4.2 | 4.3 | 5.0 | -5.9% |
| Colombia | 0.5 | 0.8 | 1.0 | 1.3 | 37.5% |
| Mexico | 2.2 | 0.9 | 1.2 | 0.9 | -25.8% |
| South Korea | 0.7 | 0.4 | 0.3 | 0.8 | 4.6% |
| Others | 6.5 | 4.1 | 5.2 | 5.6 | -4.8% |
| Total | 31.3 | 22.5 | 30.9 | 34.7 | 3.5% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Ecuador in 2022:
- China (894.9M units)
- Colombia (78.3M units)
- United States (53.9M units)
- South Korea (18.3M units)
- Mexico (15.1M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador
In 2022, overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -77.7% to 740K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 105% against the previous year. As a result, the exports reached the peak of 3.3M units, and then fell significantly in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment shrank rapidly to $70K in 2022. In general, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. Over the period under review, the exports of hit record highs at $269K in 2021, and then fell sharply in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 30.5 | 0% |
| United States | 12.9 | N/A | 92.4 | 16.2 | 7.9% |
| Malaysia | N/A | 3.8 | N/A | 4.3 | 6.4% |
| India | N/A | N/A | N/A | 3.5 | 0% |
| Panama | N/A | N/A | 26.9 | 3.3 | -87.7% |
| Belgium | 4.3 | N/A | 1.1 | 2.8 | -13.3% |
| Poland | 0.4 | 72.1 | 5.2 | 1.3 | 48.1% |
| Peru | 2.4 | 9.0 | N/A | 1.0 | -25.3% |
| Chile | 8.6 | 3.3 | 10.9 | 0.9 | -52.9% |
| Colombia | 0.2 | 0.3 | 26.5 | 0.2 | 0.0% |
| Nicaragua | N/A | 0.1 | 50.2 | N/A | 50100.0% |
| Mexico | 18.1 | 8.4 | N/A | N/A | -53.6% |
| Ireland | 48.0 | 113 | N/A | N/A | 135.4% |
| Others | 70.7 | 49.9 | 56.1 | 5.7 | -56.8% |
| Total | 166 | 260 | 269 | 69.8 | -25.1% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Ecuador in 2022:
- United States (269.4K units)
- Netherlands (110.2K units)
- Malaysia (63.7K units)
- Panama (59.1K units)
- India (58.0K units)
- Chile (53.7K units)
- Belgium (42.0K units)
- Peru (18.7K units)
- Poland (9.1K units)
- Colombia (1.3K units)
- Nicaragua (0.9K units)
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