Ecuador: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Ecuador

The Ecuadorian aluminium pipe fittings market skyrocketed to $X in 2021, with an increase of 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Aluminium Pipe Fittings Exports

Exports from Ecuador

In 2021, exports of aluminium tube or pipe fittings from Ecuador fell markedly to X kg, shrinking by -18.3% on the previous year's figure. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 490%. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminium pipe fittings exports declined dramatically to $X in 2021. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 408%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg), Colombia (X kg) and Canada (X kg) were the main destinations of aluminium pipe fittings exports from Ecuador, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +153.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium pipe fittings exported from Ecuador were Thailand ($X), Colombia ($X) and Canada ($X), together comprising 58% of total exports.

Colombia, with a CAGR of +144.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium pipe fittings export price stood at $X per ton in 2021, which is down by -33.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($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 Colombia (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Pipe Fittings Imports

Imports into Ecuador

Aluminium pipe fittings imports into Ecuador expanded rapidly to X tons in 2021, with an increase of 15% on the previous year. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.4% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 79%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, aluminium pipe fittings imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 93% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aluminium pipe fittings supplier to Ecuador, with a 68% share of total imports. Moreover, aluminium pipe fittings imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Ireland (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Ireland (+29.0% per year).

In value terms, the largest aluminium pipe fittings suppliers to Ecuador were Ireland ($X), China ($X) and the United States ($X), with a combined 80% share of total imports.

Ireland, with a CAGR of +25.6%, saw 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 more modest paces of growth.

Import Prices by Country

The average aluminium pipe fittings import price stood at $X per ton in 2021, growing by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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