Price for Textile Machinery; Spinning Machines in Ecuador - 2021
Contents:
- Price for Textile Machinery; Spinning Machines in Ecuador (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Ecuador (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Ecuador
- Exports of Textile Machinery; Spinning Machines in Ecuador
Price for Textile Machinery; Spinning Machines in Ecuador (CIF) - 2022
The average textile machinery; spinning machines import price stood at $3,444 per unit in 2022, surging by 16% against the previous year. Overall, the import price, however, faced a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 34%. Over the period under review, average import prices attained the maximum at $13,372 per unit in 2012; however, from 2013 to 2022, import prices stood 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 Germany ($6,016 per unit), while the price for Japan ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.
Price for Textile Machinery; Spinning Machines in Ecuador (FOB) - 2022
The average textile machinery; spinning machines export price stood at $5,650 per unit in 2022, rising by 96% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 110% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,500 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($6,749 per unit), while the average price for exports to Peru stood at $4,551 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Textile Machinery; Spinning Machines in Ecuador
Textile machinery; spinning machines imports into Ecuador soared to 34 units in 2022, picking up by 42% compared with 2021. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, textile machinery; spinning machines imports skyrocketed to $117K in 2022. Overall, imports, however, showed a sharp setback. Over the period under review, imports attained the peak figure at $254K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Textile Machinery; Spinning Machines in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 172 | 130 | 63.1 | 99.9 | -16.6% |
| Germany | 35.5 | 11.3 | 0.1 | 6.0 | -44.7% |
| Switzerland | 8.5 | 5.8 | 2.5 | 3.5 | -25.6% |
| Taiwan (Chinese) | 8.6 | 5.6 | 2.4 | 3.2 | -28.1% |
| Czech Republic | 11.7 | 5.9 | 1.9 | 2.0 | -44.5% |
| Spain | 0.1 | 0.6 | 0.4 | 0.6 | 81.7% |
| United States | 2.2 | 0.8 | 0.1 | 0.4 | -43.3% |
| Italy | 3.8 | 1.2 | 0.1 | 0.3 | -57.1% |
| China | 9.4 | 0.2 | N/A | 0.3 | -68.3% |
| Colombia | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Brazil | 1.4 | 0.7 | 0.2 | 0.2 | -47.7% |
| Japan | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Total | 254 | 163 | 71.4 | 117 | -22.8% |
Top Suppliers of Textile Machinery; Spinning Machines to Ecuador in 2022:
- India (22.0 units)
- Brazil (1.0 units)
- Italy (1.0 units)
- Czech Republic (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Japan (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- Colombia (1.0 units)
- Switzerland (1.0 units)
- Germany (1.0 units)
- Spain (1.0 units)
Exports of Textile Machinery; Spinning Machines in Ecuador
After three years of growth, overseas shipments of textile machinery; spinning machineses decreased by -42.9% to 4 units in 2022. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. The exports peaked at 7 units in 2021, and then dropped significantly in the following year.
In value terms, textile machinery; spinning machines exports expanded rapidly to $23K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. As a result, the exports attained the peak of $25K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Textile Machinery; Spinning Machines in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.0 | 4.5 | 7.3 | 13.5 | 31.0% |
| Peru | 9.8 | 5.5 | 5.7 | 9.1 | -2.4% |
| Belgium | N/A | 14.9 | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 7.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.8 | 25.0 | 20.2 | 22.6 | 12.7% |
Top Export Markets for Textile Machinery; Spinning Machines from Ecuador in 2022:
- India (2.0 units)
- Peru (2.0 units)
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