Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $966 per unit, with an increase of 25% against the previous year. Overall, the import price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 113% against the previous year. The import price peaked at $3,018 per unit in 2012; however, from 2013 to 2022, 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 Japan ($4,301 per unit), while the price for China ($234 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $8,372 per unit, falling by -19.2% against the previous year. In general, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 84%. The export price peaked at $13,824 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,821 per unit), while the average price for exports to Democratic Republic of the Congo ($474 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 (+500.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador
In 2022, the amount of reciprocating or rotary internal combustion piston engineses imported into Ecuador skyrocketed to 21K units, picking up by 34% on the year before. Overall, imports, however, showed a deep setback. Over the period under review, imports of reached the peak figure at 26K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of reciprocating or rotary internal combustion piston engineses soared to $21M in 2022. In general, imports, however, saw a abrupt slump. Over the period under review, imports of reached the maximum at $28M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.7 | 3.1 | 5.1 | 9.6 | 3.3% |
| United States | 15.9 | 3.6 | 3.9 | 4.3 | -35.3% |
| China | 0.9 | 0.8 | 1.6 | 3.4 | 55.7% |
| Thailand | 1.7 | 0.4 | 1.0 | 1.5 | -4.1% |
| Austria | N/A | N/A | N/A | 0.5 | 0% |
| Mexico | 0.5 | 0.2 | 0.4 | 0.3 | -15.7% |
| Others | 0.6 | 1.3 | 0.5 | 1.0 | 18.6% |
| Total | 28.4 | 9.4 | 12.4 | 20.6 | -10.2% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Ecuador in 2022:
- China (14.4K units)
- Japan (2.2K units)
- United States (1.7K units)
- Austria (1.1K units)
- Thailand (0.7K units)
- Mexico (0.1K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador
For the fourth consecutive year, Ecuador recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 40% to 14 units in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 200%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of reciprocating or rotary internal combustion piston engineses surged to $109K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 950% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 3.5 | N/A | N/A | 58.0 | 154.9% |
| United States | N/A | N/A | 78.7 | 37.6 | -52.2% |
| Colombia | N/A | N/A | N/A | 6.3 | 0% |
| Peru | N/A | N/A | 1.9 | 5.7 | 200.0% |
| Kyrgyzstan | N/A | N/A | N/A | 0.7 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.5 | 0% |
| Spain | 0.5 | 1.0 | N/A | N/A | 100.0% |
| Norway | N/A | N/A | 1.0 | N/A | 0% |
| Switzerland | N/A | 10.2 | N/A | N/A | 0% |
| Sweden | N/A | N/A | 5.4 | N/A | 0% |
| United Kingdom | N/A | N/A | 6.2 | N/A | 0% |
| Panama | N/A | 30.9 | N/A | N/A | 0% |
| Netherlands | N/A | 6.9 | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 4.7 | 48.9 | 93.2 | 109 | 185.2% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Ecuador in 2022:
- Chile (8.0 units)
- United States (2.0 units)
- Kyrgyzstan (1.0 units)
- Democratic Republic of the Congo (1.0 units)
- Peru (1.0 units)
- Colombia (1.0 units)
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