Ecuador: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Ecuador

The Ecuadorian anti-freezing preparations market soared to $X in 2021, growing by 52% 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). In general, consumption enjoyed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Anti-Freezing Preparations Exports

Exports from Ecuador

In 2021, overseas shipments of anti-freezing preparations and prepared de-icing fluids decreased by -18.4% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 524% 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 remained at a lower figure.

In value terms, anti-freezing preparations exports contracted remarkably to $X in 2021. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 372%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for anti-freezing preparations exports from Ecuador, with a 61% share of total exports. Moreover, anti-freezing preparations exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +63.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+30.3% per year) and the United Arab Emirates (+38.2% per year).

In value terms, Peru ($X), Chile ($X) and Colombia ($X) appeared to be the largest markets for anti-freezing preparations exported from Ecuador worldwide, with a combined 79% share of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +73.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, shrinking by -2% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 62% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Peru ($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 Chile (-2.8%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Ecuador

Anti-freezing preparations imports into Ecuador surged to X tons in 2021, jumping by 40% on the previous year's figure. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest anti-freezing preparations supplier to Ecuador, accounting for a 71% share of total imports. Moreover, anti-freezing preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), ninefold. Colombia (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+12.4% per year) and Colombia (+0.6% per year).

In value terms, the United States ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Ecuador, comprising 67% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.3% share of total imports. It was followed by Colombia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.3% per year) and Colombia (-0.3% per year).

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, growing by 10% against the previous year. In general, the import price, however, recorded a pronounced slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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