Report Update Nov 1, 2024

Ecuador - Aluminum - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Aluminum Market 2024

Aluminum Market Size in Ecuador

In 2021, the Ecuadorian aluminum market increased by 97% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Aluminum Exports

Exports from Ecuador

In 2021, shipments abroad of aluminum decreased by -75.6% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 240% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminum exports contracted significantly to $X in 2021. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 253% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for aluminum exports from Ecuador, accounting for a 54% share of total exports. Moreover, aluminum exports to Panama exceeded the volume sent to the second major destination, Japan (X tons), threefold. China (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Panama stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-70.4% per year) and China (+5.3% per year).

In value terms, Panama ($X) remains the key foreign market for aluminum exports from Ecuador, comprising 53% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama amounted to +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and China (+10.1% per year).

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, picking up by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Panama ($X per ton), while the average price for exports to Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Ecuador

In 2021, supplies from abroad of aluminum increased by 53% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 73%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, aluminum imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Mexico (X tons) and the Netherlands (X tons) were the main suppliers of aluminum imports to Ecuador, with a combined 75% share of total imports. These countries were followed by India, Bahrain, Vietnam and the United Arab Emirates, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +297.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Mexico ($X) and the Netherlands ($X) were the largest aluminum suppliers to Ecuador, together accounting for 71% of total imports. These countries were followed by India, Bahrain, the United Arab Emirates and Vietnam, which together accounted for a further 24%.

In terms of the main suppliers, Bahrain, with a CAGR of +585.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average aluminum import price amounted to $X per ton, growing by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+72.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

China remains the largest aluminum consuming country worldwide, comprising approx. 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the United States, tenfold. The third position in this ranking was occupied by Japan, with a 3% share.

What are the largest producers of aluminum in the world?

China constituted the country with the largest volume of aluminum production, accounting for 56% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia, tenfold. The third position in this ranking was occupied by India, with a 5.3% share.

What are the leading suppliers of aluminum to Ecuador?

In value terms, India constituted the largest supplier of aluminum to Ecuador, comprising 72% of total imports. The second position in the ranking was occupied by Bahrain, with a 14% share of total imports. It was followed by Russia, with a 9.1% share.

What are the leading importers of aluminum from Ecuador?

In value terms, Malaysia emerged as the key foreign market for aluminum exports from Ecuador, comprising 70% of total exports. The second position in the ranking was occupied by Japan, with a 28% share of total exports.

What is the average export price for aluminum in Ecuador?

In 2020, the average aluminum export price amounted to $1,487 per ton, declining by -5.1% against the previous year.

What is the average import price for aluminum in Ecuador?

In 2020, the average aluminum import price amounted to $2,035 per ton, shrinking by -7.3% against the previous year.

This report provides an in-depth analysis of the aluminum 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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