Ecuador: Amino-Resin Market 2024

Amino-Resin Market Size in Ecuador

The Ecuadorian amino-resin market dropped to $X in 2022, waning by X% 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, consumption, however, recorded a resilient expansion. Amino-resin consumption peaked at $X in 2021, and then contracted in the following year.

Amino-Resin Exports

Exports from Ecuador

In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Peru (X tons) and France (X tons) were the main destinations of amino-resin exports from Ecuador, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

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

Amino-Resin Imports

Imports into Ecuador

In 2022, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, amino-resin imports dropped to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest amino-resin supplier to Ecuador, accounting for a X% share of total imports. Moreover, amino-resin imports from Peru exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, the United States ($X), Brazil ($X) and South Korea ($X) were the largest amino-resin suppliers to Ecuador, together comprising X% of total imports. Peru, Colombia, Spain, the UK, Mexico, Germany, China, Italy, Belgium and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Peru, with a CAGR of X%, 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 2022, the average amino-resin import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Peru ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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