The Ecuadorian market for pulley tackle and hoists powered by an electric motor surged to $X in 2021, growing 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). Overall, consumption, however, saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
In 2021, about X sets of pulley blocks and hoists driven by motors exported from Ecuador; X% more than the previous year. On the whole, exports increased significantly. In 2014, exports grew by X% year on year, with the most obvious growth rate. During the reporting period, China's exports hit a record high in 2021 and are expected to maintain growth in the short term. In terms of value, the export of pulley skids and hoists driven by electric motors will soar to $X in 2021. In general, the export growth is obvious. Therefore, exports have reached a peak and are expected to continue to grow in the short term.
Colombia (X sets) is the main export destination of pulley blocks and hoists driven by Ecuador's motor, accounting for X% of the total export share. In addition, the export volume of pulley blocks and motor driven cranes to Colombia is more than three times that to Mexico, the second largest destination (X sets). Panama (X units) ranks third in total exports, accounting for X%.
From 2012 to 2021, the average annual growth rate of trade volume to Colombia is+X%. The average annual growth rate of exports to other major destinations is as follows: Mexico (+X% per year) and Panama (+X% per year).
In terms of value, Mexico (USD X) has become the main foreign market for pulley blocks and motor driven cranes exported by Ecuador, accounting for X% of the total exports. The second place is Colombia (US $X), accounting for X% of total exports. This was followed by the United States, which accounted for X%.
From 2012 to 2021, the average annual growth rate of value to Mexico is+X%. The average annual growth rate of exports to other major destinations is as follows: Colombia (+X% per year) and the United States (+X% per year).
In 2021, the number of electric pulley blocks and hoists imported from Ecuador surge to X, an increase of X% over the previous year. On the whole, however, imports declined sharply. In 2013, the import reached a peak of X sets; However, from 2014 to 2021, imports remain at a low level.
In terms of value, the import of pulley block and hoist driven by electric motor soar to $X in 2021. However, overall, imports continue to show a sudden decrease. The import reached the peak of X dollars in 2012; However, from 2013 to 2021, the number of imports has declined.
In 2021, China (X sets) is the largest pulley block and hoist powered by motor suppliers in Ecuador, accounting for X% of the total import share. In addition, the number of pulleys, skids and motor driven hoists imported from China is more than ten times that of the second largest supplier, the United States (X sets). Japan (Taiwan) ranks third in total imports with X% share.
From 2012 to 2021, the average annual growth rate of exports from China reach - X%. The average annual import growth rate of the remaining supplier countries is as follows: the United States (- X% per year) and Japan (- X% per year).
In terms of value, China (US $X), Germany (US $X) and Japan (US $X) are the largest pulley blocks and hoists provided by Ecuador's motor suppliers, accounting for X% of the total imports. Among the major suppliers, China's compound annual growth rate was+X%, with the highest import value growth rate during the review period, while the procurement growth rate of other major suppliers was relatively moderate.
In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Ecuador were China, Germany and Japan, together accounting for 70% of total imports.
In value terms, Mexico emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Ecuador, comprising 70% of total exports. The second position in the ranking was held by Colombia, with a 14% share of total exports. It was followed by the United States, with an 8.5% share.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $1,608 per unit, growing by 657% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $687 per unit in 2021, which is down by -8.9% against the previous year.
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