Ecuador: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Ecuador

After two years of decline, the Ecuadorian aluminium alloy tube market increased by 6.7% to $X in 2022. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aluminium Alloy Tube Production in Ecuador

In value terms, aluminium alloy tube production shrank slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium Alloy Tube Exports

Exports from Ecuador

In 2022, approx. X tons of aluminium alloy tubes and pipes were exported from Ecuador; declining by -20.2% on the previous year's figure. Over the period under review, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy tube exports shrank markedly to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for aluminium alloy tube exports from Ecuador, accounting for a 71% share of total exports. Moreover, aluminium alloy tube exports to Colombia exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled -4.6%.

In value terms, Colombia ($X) remains the key foreign market for aluminium alloy tubes and pipes exports from Ecuador, comprising 73% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at -3.9%.

Export Prices by Country

In 2022, the average aluminium alloy tube export price amounted to $X per ton, with a decrease of -5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Ecuador

In 2022, imports of aluminium alloy tubes and pipes into Ecuador declined to X tons, dropping by -8.5% against the year before. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, aluminium alloy tube imports shrank significantly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Colombia (X tons), China (X tons) and Spain (X tons) were the main suppliers of aluminium alloy tube imports to Ecuador, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +169.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium alloy tube suppliers to Ecuador were Colombia ($X), China ($X) and Spain ($X), with a combined 97% share of total imports.

Among the main suppliers, Spain, with a CAGR of +156.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, declining by -16.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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