Report Update Nov 1, 2024

Ecuador - Alkyd Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Alkyd Resins Market 2024

Alkyd Resins Market Size in Ecuador

The Ecuadorian alkyd resins market reduced modestly to $X in 2022, standing approx. at the previous year. In general, consumption showed a relatively flat trend pattern. Alkyd resins consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Alkyd Resins Production in Ecuador

In value terms, alkyd resins production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Alkyd Resins Exports

Exports from Ecuador

After nine years of decline, shipments abroad of alkyd resins in primary forms increased by 4.9% to X tons in 2022. Overall, exports, however, showed a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports expanded to $X in 2022. Over the period under review, exports, however, showed a significant decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for alkyd resins exports from Ecuador, accounting for a 83% share of total exports. Moreover, alkyd resins exports to Colombia exceeded the volume sent to the second major destination, Guatemala (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to -22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+5.9% per year) and El Salvador (+15.0% per year).

In value terms, Colombia ($X) remains the key foreign market for alkyd resins in primary forms exports from Ecuador, comprising 83% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.9% per year) and El Salvador (+4.1% per year).

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2016 when the average export price increased by 1.3% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-0.9%), while the prices for the other major destinations experienced a decline.

Alkyd Resins Imports

Imports into Ecuador

In 2022, purchases abroad of alkyd resins in primary forms was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of 101% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports reduced to $X in 2022. Overall, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 92%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Spain (X tons) and the United States (X tons) were the main suppliers of alkyd resins imports to Ecuador, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +63.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Italy ($X) and the United States ($X) constituted the largest alkyd resins suppliers to Ecuador, together comprising 56% of total imports. Spain, Egypt, Brazil, Australia and Peru lagged somewhat behind, together accounting for a further 19%.

Spain, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average alkyd resins import price stood at $X per ton in 2022, reducing by -21.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

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 Italy ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alkyd resins in primary forms in the world?

China constituted the country with the largest volume of alkyd resins consumption, accounting for 23% of total volume. Moreover, alkyd resins consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of alkyd resins in primary forms in the world?

The country with the largest volume of alkyd resins production was China, comprising approx. 23% of total volume. Moreover, alkyd resins production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The third position in this ranking was occupied by the United States, with a 9.3% share.

What are the leading suppliers of alkyd resins in primary forms to Ecuador?

In value terms, Colombia constituted the largest supplier of alkyd resins to Ecuador, comprising 61% of total imports. The second position in the ranking was occupied by the United States, with a 28% share of total imports.

What are the leading importers of alkyd resins in primary forms from Ecuador?

In value terms, Colombia $585) remains the key foreign market for alkyd resins exports from Ecuador.

What is the average export price for alkyd resins in primary forms in Ecuador?

The average alkyd resins export price stood at $1,389 per ton in 2021, remaining constant against the previous year.

What is the average import price for alkyd resins in primary forms in Ecuador?

The average alkyd resins import price stood at $2,513 per ton in 2021, rising by 62% against the previous year.

This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms

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

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023