Ecuador: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Ecuador

After two years of decline, the Ecuadorian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 43% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Ecuador

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Ecuador; picking up by 11% compared with 2020 figures. In general, exports recorded slight growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,657% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) totaled $X in 2021. Overall, exports posted a modest expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,497% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), Costa Rica (X tons) and Chile (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Ecuador, with a combined 80% share of total exports. Peru and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +130.8%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Ecuador, comprising 46% of total exports. The second position in the ranking was taken by Peru ($X), with an 18% share of total exports. It was followed by Costa Rica, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+22.6% per year) and Costa Rica (+53.7% per year).

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+69.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Ecuador

After two years of decline, overseas purchases of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 22% to X tons in 2021. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and Colombia (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Ecuador, with a combined 68% share of total imports. China, Spain, Brazil, Japan, the UK, France, Canada, Mexico, Germany and Peru lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Ecuador, comprising 36% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.9% per year) and Colombia (+1.8% per year).

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, with an increase of 17% against the previous year. In general, the import price, however, showed a noticeable reduction. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform