Price for Turbines; Steam and Other Vapour Turbines in Ecuador - 2022

Contents:

  1. Price for Turbines; Steam and Other Vapour Turbines in Ecuador (CIF) - 2022
  2. Price for Turbines; Steam and Other Vapour Turbines in Ecuador (FOB) - 2022
  3. Imports of Turbines; Steam and Other Vapour Turbines in Ecuador
  4. Exports of Turbines; Steam and Other Vapour Turbines in Ecuador

Price for Turbines; Steam and Other Vapour Turbines in Ecuador (CIF) - 2022

The average import price for turbines; steam and other vapour turbineses stood at $83 thousand per unit in 2022, which is down by -37% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 364%. Over the period under review, average import prices attained the peak figure at $244 thousand per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($648 thousand per unit), while the price for Israel ($46 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+47.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Turbines; Steam and Other Vapour Turbines in Ecuador (FOB) - 2022

In 2022, the average export price for turbines; steam and other vapour turbineses amounted to $394 per unit, picking up by 114% against the previous year. Over the period under review, the export price, however, saw a sharp contraction. Over the period under review, the average export prices attained the maximum at $22 thousand per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($614 per unit), while the average price for exports to the United States amounted to $173 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Turbines; Steam and Other Vapour Turbines in Ecuador

In 2022, the amount of turbines; steam and other vapour turbineses imported into Ecuador reduced to 21 units, which is down by -8.7% on the previous year's figure. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs at 25 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbines; steam and other vapour turbineses declined dramatically to $1.7M in 2022. Overall, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 102% against the previous year. Over the period under review, imports of attained the maximum at $6.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Turbines; Steam and Other Vapour Turbines in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium4,2136021,378648-46.4%
United Kingdom1,2434081,074580-22.4%
United States76.516023.918434.0%
France1.861.316895.0275.1%
Germany11.74.417.923.726.5%
Japan14.35.516.814.2-0.2%
India17979.670.913.0-58.3%
Brazil63.16.65.412.5-41.7%
South Korea3.01.615.97.535.7%
China1.50.83.51.4-2.3%
Hong Kong SAR4.20.80.90.4-54.3%
Canada0.50.10.20.1-41.5%
IsraelN/AN/AN/AN/A0%
Others278170258165-16.0%
Total6,0901,5013,0331,745-34.1%

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Ecuador in 2022:

  1. United Kingdom (2.0 units)
  2. Brazil (1.0 units)
  3. Canada (1.0 units)
  4. Israel (1.0 units)
  5. India (1.0 units)
  6. France (1.0 units)
  7. China (1.0 units)
  8. Belgium (1.0 units)
  9. Japan (1.0 units)
  10. South Korea (1.0 units)
  11. Germany (1.0 units)
  12. United States (1.0 units)
  13. Hong Kong SAR (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Ecuador

After three years of growth, overseas shipments of turbines; steam and other vapour turbineses decreased by -50% to 2 units in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports attained the peak of 4 units, and then declined sharply in the following year.

In value terms, exports of turbines; steam and other vapour turbineses expanded notably to $787 in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Turbines; Steam and Other Vapour Turbines in Ecuador (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain36230.01.061419.3%
United States3192261.0173-18.5%
ColombiaN/A452N/AN/A0%
PanamaN/AN/A1.0N/A0%
ItalyN/AN/A732N/A0%
Others1.0N/AN/AN/A0%
Total6827087357874.9%

Top Export Markets for Turbines; Steam and Other Vapour Turbines from Ecuador in 2022:

  1. United States (1.0 units)
  2. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

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