Underground Continuous-Action Elevator Market in Ecuador
In value terms, underground continuous-action elevator production declined remarkably to $ in estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in when the production volume increased by %. As a result, production reached the peak level of $, and then contracted rapidly in the following year.
The value of the underground continuous-action elevator market in Ecuador amounted to $ in , therefore, remained relatively stable 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, showed significant growth. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.