Price for Non-Furniture Refrigerating or Freezing Equipment in Ecuador - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Ecuador (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Ecuador (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Ecuador
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Ecuador

Price for Non-Furniture Refrigerating or Freezing Equipment in Ecuador (CIF) - 2022

The average import price for non-furniture refrigerating or freezing equipment stood at $166 per unit in 2022, with an increase of 8.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. The import price peaked at $168 per unit in 2018; however, from 2019 to 2022, 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 Brazil ($263 per unit), while the price for China ($88 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Ecuador (FOB) - 2022

In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $168 per unit, jumping by 24% against the previous year. In general, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 176%. Over the period under review, the average export prices hit record highs at $254 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Peru ($493 per unit), while the average price for exports to Germany ($44 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 Peru (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Ecuador

In 2022, non-furniture refrigerating or freezing equipment imports into Ecuador skyrocketed to 316K units, jumping by 27% against 2021 figures. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-furniture refrigerating or freezing equipment imports surged to $52M in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Ecuador in 2022:

1. China (119.2K units)
2. Spain (76.9K units)
3. United States (32.5K units)
4. Chile (17.9K units)
5. Brazil (15.9K units)
6. Italy (10.4K units)
7. Mexico (7.0K units)
8. France (6.6K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Ecuador

For the third year in a row, Ecuador recorded decline in shipments abroad of non-furniture refrigerating or freezing equipment, which decreased by -71.4% to 313 units in 2022. Overall, exports continue to indicate a significant decrease. The smallest decline of -45.3% was in 2021. Over the period under review, the exports reached the maximum at 11K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-furniture refrigerating or freezing equipment exports reduced sharply to $53K in 2022. In general, exports saw a precipitous decline. The smallest decline of -19.7% was in 2021. The exports peaked at $366K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Ecuador in 2022:

1. Germany (130.0 units)
2. Dominican Republic (82.0 units)
3. Peru (54.0 units)
4. Cuba (24.0 units)
5. Colombia (22.0 units)

Source: IndexBox Market Intelligence Platform