Ecuador: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Ecuador

In 2021, the Ecuadorian amine-function compounds market increased by 1.1% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, recorded a pronounced setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Amine-Function Compounds Exports

Exports from Ecuador

Amine-function compounds exports from Ecuador contracted slightly to X tons in 2021, which is down by -4.9% compared with 2020 figures. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 235%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports dropped to $X in 2021. Overall, exports saw a sharp downturn. The growth pace was the most rapid in 2020 when exports increased by 160% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Taiwan (Chinese) (X tons) and Uruguay (X kg) were the main destinations of amine-function compounds exports from Ecuador, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +67.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for amine-function compounds exports from Ecuador, comprising 68% of total exports. The second position in the ranking was taken by Peru ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-7.2% per year) and Uruguay (+3.5% per year).

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, shrinking by -2.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 107%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Peru ($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 Peru (-5.6%), while the prices for the other major destinations experienced a decline.

Amine-Function Compounds Imports

Imports into Ecuador

In 2021, purchases abroad of amine-function compounds increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 when imports increased by 58% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, amine-function compounds imports declined slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest amine-function compounds supplier to Ecuador, accounting for a 45% share of total imports. Moreover, amine-function compounds imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+14.0% per year) and the United States (-6.7% per year).

In value terms, China ($X) constituted the largest supplier of amine-function compounds to Ecuador, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by Mexico, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.3% per year) and Mexico (+24.4% per year).

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, waning by -14.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+81.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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