Ecuador: Barbed Wire Market 2025

Barbed Wire Market Size in Ecuador

The Ecuadorian barbed wire market declined to $X in 2021, reducing by -6.5% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Barbed wire consumption peaked at $X in 2020, and then declined in the following year.

Barbed Wire Production in Ecuador

In value terms, barbed wire production dropped slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Barbed Wire Exports

Exports from Ecuador

In 2021, shipments abroad of barbed wire and entanglements increased by 23% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of 196% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, barbed wire exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 119%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Costa Rica (X tons), Chile (X tons) and Mexico (X tons) were the main destinations of barbed wire exports from Ecuador, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +29.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for barbed wire exported from Ecuador were Costa Rica ($X), Chile ($X) and Mexico ($X), together accounting for 84% of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of +43.8%, 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

In 2021, the average barbed wire export price amounted to $X per ton, growing by 77% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, 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 Mexico (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Barbed Wire Imports

Imports into Ecuador

In 2021, overseas purchases of barbed wire and entanglements increased by 17% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 388%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, barbed wire imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 336% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of barbed wire to Ecuador, accounting for a 70% share of total imports. Moreover, barbed wire imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.2% per year) and Hong Kong SAR (-20.0% per year).

In value terms, Colombia ($X) constituted the largest supplier of barbed wire and entanglements to Ecuador, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 9.9% share of total imports. It was followed by the United States, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from Colombia stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and the United States (-29.1% per year).

Import Prices by Country

The average barbed wire import price stood at $X per ton in 2021, jumping by 29% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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