Ecuador - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Ecuador - 2022
Contents:
- Relay Price in Ecuador (CIF) - 2022
- Relay Price in Ecuador (FOB) - 2022
- Relay Imports in Ecuador
- Relay Exports in Ecuador
Relay Price in Ecuador (CIF) - 2022
In January 2022, the average relay import price amounted to $981 per thousand units, increasing by 7.2% against the previous month. Overall, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in April 2021 when the average import price increased by 74% m-o-m. As a result, import price reached the peak level of $2.1 per unit. From May 2021 to January 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7.0 per unit), while the price for China ($366 per thousand units) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Ecuador (FOB) - 2022
The average relay export price stood at $2.3 per unit in 2022, which is down by -26% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $3.5 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($6.1 per unit), while the average price for exports to India ($1 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 Venezuela (+58.6%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Ecuador
In 2022, approx. 5.5M units of relays were imported into Ecuador; waning by -17.9% on the year before. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of 6.7M units, and then reduced markedly in the following year.
In value terms, relay imports dropped rapidly to $8M in 2022. Overall, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports attained the peak of $9.7M, and then dropped dramatically in the following year.
| Import of Relay in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,776 | 1,183 | 1,764 | 1,615 | -3.1% |
| Brazil | 1,437 | 602 | 1,261 | 1,285 | -3.7% |
| China | 540 | 438 | 1,063 | 924 | 19.6% |
| United States | 637 | 585 | 537 | 666 | 1.5% |
| Spain | 244 | 347 | 952 | 579 | 33.4% |
| Taiwan (Chinese) | 64.8 | 36.2 | 91.3 | N/A | 18.7% |
| Others | 3,593 | 3,104 | 4,041 | 2,934 | -6.5% |
| Total | 8,290 | 6,295 | 9,709 | 8,002 | -1.2% |
Top Suppliers of Relay to Ecuador in 2022:
- Brazil (2598.1K units)
- China (1002.5K units)
- Germany (556.4K units)
- Spain (204.6K units)
- United States (194.0K units)
Relay Exports in Ecuador
In 2022, relay exports from Ecuador soared to 35K units, increasing by 29% compared with the previous year's figure. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, relay exports reduced modestly to $80K in 2022. The total export value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. The exports peaked at $83K in 2021, and then contracted in the following year.
| Export of Relay in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | N/A | N/A | 14.5 | 0% |
| France | 0.9 | 0.7 | 1.3 | 11.7 | 135.1% |
| Romania | N/A | N/A | N/A | 8.5 | 0% |
| Guatemala | N/A | 0.7 | 3.4 | 3.7 | 129.9% |
| China | N/A | 0.3 | 30.4 | 1.8 | 144.9% |
| Sweden | N/A | N/A | 6.5 | 1.7 | -73.8% |
| India | N/A | N/A | 1.3 | 0.9 | -30.8% |
| Ethiopia | N/A | N/A | N/A | N/A | 0% |
| South Africa | 1.8 | 3.0 | N/A | N/A | 66.7% |
| Philippines | 3.0 | 0.7 | N/A | N/A | -76.7% |
| Mexico | N/A | 4.1 | N/A | N/A | 0% |
| Colombia | 25.9 | 6.3 | N/A | N/A | -75.7% |
| Angola | N/A | N/A | 0.1 | N/A | 0% |
| Others | 25.1 | 60.3 | 40.3 | 37.0 | 13.8% |
| Total | 56.8 | 76.1 | 83.3 | 79.7 | 12.0% |
Top Export Markets for Relay from Ecuador in 2022:
- Ireland (11.5K units)
- France (2.6K units)
- Romania (2.0K units)
- India (0.9K units)
- Sweden (0.8K units)
- Guatemala (0.6K units)
- China (0.6K units)
This report provides an in-depth analysis of the relay 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 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
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.
-
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
-
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
-
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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