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Ecuador - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEcuador: Ball Bearing Parts Market 2024
Ball Bearing Parts Market Size in Ecuador
The Ecuadorian ball bearing parts market fell notably to $X in 2023, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate tangible growth. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.
Ball Bearing Parts Exports
Exports from Ecuador
In 2023, after three years of decline, there was significant growth in overseas shipments of parts of ball or roller bearings, when their volume increased by X% to X kg. Overall, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
In value terms, ball bearing parts exports surged to $X in 2023. In general, exports, however, saw a mild reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
Exports by Country
The United States (X kg) and Colombia (X kg) were the main destinations of ball bearing parts exports from Ecuador.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%).
In value terms, the United States ($X) remains the key foreign market for parts of ball or roller bearings exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%.
Export Prices by Country
In 2023, the average ball bearing parts export price amounted to $X per ton, standing approx. at the previous year. Overall, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ball bearing parts export price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Imports
Imports into Ecuador
In 2023, imports of parts of ball or roller bearings into Ecuador shrank dramatically to X tons, reducing by X% on the year before. Overall, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then declined markedly in the following year.
In value terms, ball bearing parts imports reduced notably to $X in 2023. Over the period under review, imports, however, continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.
Imports by Country
In 2023, the United States (X tons) constituted the largest ball bearing parts supplier to Ecuador, with a X% share of total imports. Moreover, ball bearing parts imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.
From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%.
In value terms, the United States ($X) and China ($X) constituted the largest ball bearing parts suppliers to Ecuador.
China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.
Import Prices by Country
In 2023, the average ball bearing parts import price amounted to $X per ton, rising by X% 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 2014 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.
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This report provides an in-depth analysis of the ball bearing parts market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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