Ecuador: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Ecuador

In 2021, the Ecuadorian rolled bitumen articles market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Rolled bitumen articles consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Ecuador

In value terms, rolled bitumen articles production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Rolled bitumen articles production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports from Ecuador

For the third year in a row, Ecuador recorded growth in shipments abroad of articles of bitumen in rolls, which increased by 43% to X square meters in 2021. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rolled bitumen articles exports surged to $X in 2021. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X square meters), Peru (X square meters) and Panama (X square meters) were the main destinations of rolled bitumen articles exports from Ecuador, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rolled bitumen articles exported from Ecuador were Colombia ($X), Panama ($X) and Peru ($X), with a combined 99% share of total exports.

Peru, with a CAGR of +9.8%, recorded the highest growth rate of 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

In 2021, the average rolled bitumen articles export price amounted to $X per square meter, reducing by -1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 12%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Ecuador

In 2021, approx. X square meters of articles of bitumen in rolls were imported into Ecuador; with an increase of 220% against the previous year's figure. In general, imports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 when imports increased by 267% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, rolled bitumen articles imports soared to $X in 2021. Over the period under review, imports posted a temperate expansion. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X square meters), Spain (X square meters) and Colombia (X square meters) were the main suppliers of rolled bitumen articles imports to Ecuador, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +134.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles suppliers to Ecuador were Spain ($X), Brazil ($X) and Italy ($X), together comprising 90% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +126.2%, recorded 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

The average rolled bitumen articles import price stood at $X per square meter in 2021, with an increase of 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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