Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador - 2022

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador (CIF) - 2022
  2. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $796 per unit, with a decrease of -33.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the average import price increased by 103%. The import price peaked at $1,913 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($5,593 per unit), while the price for the United States ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador

After three years of growth, overseas purchases of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses decreased by -45% to 11 units in 2022. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2020 with an increase of 88%. Over the period under review, imports of hit record highs at 20 units in 2021, and then shrank notably in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses fell significantly to $8.8K in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 158% against the previous year. Over the period under review, imports of attained the peak figure at $24K in 2021, and then plummeted in the following year.

Import of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy2.49.013.65.632.6%
Canada0.41.72.71.140.1%
Colombia0.41.62.30.931.0%
Spain0.20.60.90.426.0%
China2.41.83.80.2-56.3%
Hong Kong SAR0.10.40.50.10.0%
United StatesN/A0.10.1N/A0.0%
OthersN/AN/AN/A0.30%
Total5.915.123.98.814.3%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Ecuador in 2022:

  1. Canada (5.0 units)
  2. Italy (1.0 units)
  3. United States (1.0 units)
  4. China (1.0 units)
  5. Spain (1.0 units)
  6. Colombia (1.0 units)
  7. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform

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