Key Market Indicators
Ecuador's imports of microwave ovens are projected to reach 185,040 units by 2026. This represents an average annual growth rate of 1.8% since 2021, when the figure stood at 166,100 units. In the period between 2005 and 2021, demand for microwave ovens in Ecuador grew by nearly 30%. Exports of microwave ovens from Ecuador fell dramatically in 2021, with just 18 units shipped out of the country. This was a decrease of 70% from 2020, when the figure was 59.85 units. Since 2005, Ecuador's exports of microwave ovens have dropped by 30%. In 2021, the country ranked 78th in terms of exports, with Namibia overtaking it at 18 units. Malaysia, Thailand and Belarus ranked second, third and fourth respectively.
