Price for Electrical Push-Button and Rotary Switch in Ecuador - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Ecuador (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Ecuador (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Ecuador
- Exports of Electrical Push-Button and Rotary Switch in Ecuador
Price for Electrical Push-Button and Rotary Switch in Ecuador (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, waning by -11.3% against the previous year. Overall, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 16%. As a result, import price attained the peak level of $0.7 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 ($1.6 per unit), while the price for China ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Ecuador (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $1.7 per unit in 2022, declining by -22.6% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 148% against the previous year. Over the period under review, the average export prices hit record highs at $2.2 per unit in 2021, and then shrank markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.8 per unit), while the average price for exports to Guatemala ($0.2 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 Panama (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Ecuador
In 2022, approx. 58M units of electrical push-button and rotary switches for under 1000 v were imported into Ecuador; jumping by 26% compared with the previous year's figure. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 166% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, electrical push-button and rotary switch imports expanded remarkably to $26M in 2022. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 153%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 3.4 | 9.3 | 12.6 | 27.4% |
| United States | 3.1 | 1.3 | 4.3 | 3.4 | 3.1% |
| Mexico | 1.6 | 0.6 | 1.6 | 1.3 | -6.7% |
| South Korea | 0.9 | 0.4 | 1.2 | 0.9 | 0.0% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.5 | 0.8 | 17.0% |
| Costa Rica | 0.5 | 0.3 | 0.8 | 0.5 | 0.0% |
| Others | 5.8 | 3.0 | 6.1 | 6.9 | 6.0% |
| Total | 18.5 | 9.4 | 23.7 | 26.4 | 12.6% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Ecuador in 2022:
- China (46.9M units)
- United States (2.1M units)
- Taiwan (Chinese) (1.5M units)
- Mexico (1.3M units)
- South Korea (1.0M units)
- Costa Rica (0.7M units)
Exports of Electrical Push-Button and Rotary Switch in Ecuador
For the fourth year in a row, Ecuador recorded growth in shipments abroad of electrical push-button and rotary switches for under 1000 v, which increased by 511% to 368K units in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electrical push-button and rotary switch exports skyrocketed to $613K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 16.7 | 17.2 | 306 | 314.4% |
| Panama | N/A | N/A | 1.5 | 204 | 13500.0% |
| Estonia | N/A | 2.2 | 16.2 | 47.0 | 362.2% |
| Guatemala | 2.8 | N/A | N/A | 12.7 | 65.5% |
| Canada | 10.1 | 10.9 | 16.4 | 0.7 | -58.9% |
| Costa Rica | 6.4 | 2.8 | N/A | 0.4 | -60.3% |
| Slovakia | N/A | N/A | 42.6 | N/A | 0% |
| Others | 21.8 | 21.4 | 35.9 | 41.7 | 24.1% |
| Total | 45.3 | 54.0 | 130 | 613 | 138.3% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Ecuador in 2022:
- Panama (151.5K units)
- United States (110.5K units)
- Guatemala (71.3K units)
- Estonia (22.0K units)
- Costa Rica (0.4K units)
- Canada (0.2K units)
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