Ecuador - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Ecuador - 2022
Contents:
- Motor Vehicle Engine Price in Ecuador (CIF) - 2022
- Motor Vehicle Engine Price in Ecuador (FOB) - 2022
- Motor Vehicle Engine Imports in Ecuador
- Motor Vehicle Engine Exports in Ecuador
Motor Vehicle Engine Price in Ecuador (CIF) - 2022
The average motor vehicle engine import price stood at $16 per unit in 2022, with a decrease of -2.8% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle engine import price decreased by -3.8% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 38%. The import price peaked at $17 per unit in 2019; however, from 2020 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 South Korea ($54 per unit), while the price for China ($7.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Ecuador (FOB) - 2022
In 2022, the average motor vehicle engine export price amounted to $5.6 per unit, picking up by 2.2% against the previous year. In general, the export price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. The export price peaked at $12 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($19 per unit), while the average price for exports to Spain ($0.9 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 Sudan (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Imports in Ecuador
In 2022, overseas purchases of motor vehicle engines (spark-ignition) decreased by -3.5% to 88K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, imports reached the peak of 97K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, motor vehicle engine imports shrank to $1.4M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports attained the peak of $1.5M, and then shrank in the following year.
| Import of Motor Vehicle Engine in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 530 | 463 | 424 | 367 | -11.5% |
| Mexico | 284 | 203 | 242 | 263 | -2.5% |
| China | 68.9 | 231 | 164 | 201 | 42.9% |
| United States | 86.3 | 123 | 196 | 193 | 30.8% |
| Others | 277 | 286 | 465 | 375 | 10.6% |
| Total | 1,247 | 1,306 | 1,491 | 1,398 | 3.9% |
Top Suppliers of Motor Vehicle Engine to Ecuador in 2022:
- Brazil (37.6K units)
- China (25.6K units)
- Mexico (12.3K units)
- United States (5.3K units)
Motor Vehicle Engine Exports in Ecuador
In 2022, approx. 511 units of motor vehicle engines (spark-ignition) were exported from Ecuador; waning by -26.5% compared with 2021 figures. Overall, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. The exports peaked at 1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, motor vehicle engine exports declined markedly to $2.9K in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, the exports hit record highs at $5.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motor Vehicle Engine in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 3,310 | 1,771 | 2,106 | 2,173 | -13.1% |
| United Kingdom | 518 | 220 | 184 | 214 | -25.5% |
| Colombia | 261 | 81.0 | 1,167 | 127 | -21.3% |
| Peru | 164 | 80.0 | 87.0 | 82.0 | -20.6% |
| Germany | 1,282 | 42.0 | 81.0 | 76.0 | -61.0% |
| Spain | 29.0 | 18.0 | 28.0 | 26.0 | -3.6% |
| Others | 314 | 741 | 167 | 172 | -18.2% |
| Total | 5,878 | 2,953 | 3,820 | 2,870 | -21.3% |
Top Export Markets for Motor Vehicle Engine from Ecuador in 2022:
- Sudan (412.0 units)
- Germany (28.0 units)
- Spain (28.0 units)
- United Kingdom (11.0 units)
- Peru (11.0 units)
- Colombia (8.0 units)
This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
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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