In 2021, after two years of growth, the Ecuadorian transport cranes and overhead cranes market experienced a significant decline, decreasing in value by -X% to X dollars. Overall, there has been a sudden contraction in consumption. As a result, consumption reaches a peak level of X dollars. From 2017 to 2021, the growth of the market failed to regain momentum.
In value terms, the production of transport cranes and overhead cranes in 2021 is estimated at X USD at export prices. Overall, production has decreased significantly. During the period under review, production hit an all-time high of $X in 2016; however, from 2017 to 2021, production failed to regain momentum.
In 2021, the number of transport cranes, gantry cranes and bridge cranes exported from Ecuador will soar to X units, an increase of X% year-on-year. During the period under review, exports showed significant growth. Therefore, exports peaked and may continue to grow in the short term.
Exports of haulage and overhead cranes soar to $X in 2021 in value terms. Overall, exports showed strong growth. As a result, exports peaked and may continue to grow in the short term.
Panama (X units) was the leading destination for Ecuadorian transport cranes and overhead crane exports, accounting for X% of total exports. In addition, the export of transport and overhead cranes to Panama exceeded five times that to Colombia (X units), the second major destination.
From 2012 to 2021, Panama’s cargo volume will grow at an average annual rate of +X%. Exports to other major destinations recorded the following average annual export growth rates: Colombia (-X% per annum) and Kenya (X% per annum).
In value terms, Colombia ($X) remains the leading foreign market for Ecuadorian transport cranes and overhead crane exports, accounting for X% of total exports. In second place is Panama ($X) with X% of total exports.
From 2012 to 2021, the average annual growth in value to Colombia totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Panama (+X% per annum) and Kenya (X% per annum).
In 2021, the number of transport cranes, gantry cranes and overhead cranes imported to Ecuador dropped significantly to X units, -X% less than in 2020. Overall, imports fell sharply. The most significant growth rate occurred in 2017, with an X% year-on-year increase. During the period under review, imports reached an all-time high of X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, the import of transport cranes and overhead cranes will drop significantly to $X in 2021. Overall, imports fell sharply. The growth rate was most pronounced in 2020, with an X% year-on-year increase. During the period under review, imports peaked at $X in 2015; however, imports declined slightly from 2016 to 2021.
In 2021, Japan (X units) is the main supplier of transport cranes and overhead cranes to Ecuador, accounting for X% of total imports. This is followed by Spain (X units) with X% of total imports.
From 2012 to 2021, the average annual growth rate from Japan was relatively modest.
Japan ($X) is the largest supplier of transport and overhead cranes to Ecuador by value, accounting for X% of total imports. In second place is Spain ($X) with X% of total imports.
Average annual value growth in Japan from 2012 to 2021 was relatively modest.
Japan is Ecuador's largest supplier of transport and overhead cranes by value, accounting for 95% of total imports. In second place is Spain with 2.6% of total imports
In value terms, Colombia remains the main foreign market for Ecuadorian transport and overhead crane exports, accounting for 66% of total exports. In second place is Panama, which accounted for 31% of total exports.
In 2021, the average export price of transport and overhead cranes was US$1,165 per unit, up 4.2% from the previous year.
The average import price of transport and overhead cranes in 2021 is $2,736 per unit, down -2.1% from the previous year
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