Key Market Indicators
The import and export of fishing equipment in Ecuador is set to grow steadily over the next five years. By 2026, imports are expected to reach approximately $772,000, a 1.3% year-on-year CAGR increase from 2021's $716,000. This is a 9.9% rise since 1996. In 2021, Ecuador ranked 84th in the world, behind Angola, which imported $716,000. Japan, South Korea and Singapore ranked 2nd, 3rd, and 4th respectively. Exports of fishing equipment from Ecuador are expected to reach around $16,000 in 2026, a 2.7% year-on-year average growth from 2021's $14,000. This is a 144% rise since 2000. In 2021, Ecuador ranked 74th in the world, behind Antigua and Barbuda, which exported $14,000. Japan, the United States and Malaysia ranked 2nd, 3rd, and 4th respectively.
