Ecuador: Base Metal Closure Market 2025

Base Metal Closure Market Size in Ecuador

The Ecuadorian base metal closure market skyrocketed to $X in 2021, increasing by 24% 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 showed a moderate expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Closure Exports

Exports from Ecuador

In 2021, overseas shipments of base metal closures, stoppers, caps and lids increased by 14% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 45% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, base metal closure exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 23%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Peru (X tons), Colombia (X tons) and El Salvador (X tons) were the main destinations of base metal closure exports from Ecuador, with a combined 75% share of total exports. These countries were followed by Brazil, Chile, the Dominican Republic, American Samoa, Bolivia and Spain, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for American Samoa (with a CAGR of +140.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal closure exported from Ecuador were Peru ($X), Colombia ($X) and El Salvador ($X), together comprising 69% of total exports. Brazil, Chile, American Samoa, the Dominican Republic, Bolivia and Spain lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, American Samoa, with a CAGR of +155.1%, recorded the highest rates of growth with regard to 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 base metal closure export price amounted to $X per ton, shrinking by -2.5% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 9.5%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was American Samoa ($X per ton), while the average price for exports to Spain ($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 Venezuela (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Closure Imports

Imports into Ecuador

In 2021, imports of base metal closures, stoppers, caps and lids into Ecuador surged to X tons, jumping by 20% against the previous year's figure. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 151%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, base metal closure imports skyrocketed to $X in 2021. In general, imports recorded temperate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 97%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest base metal closure supplier to Ecuador, with a 57% share of total imports. Moreover, base metal closure imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Peru (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.3% per year) and Peru (+13.6% per year).

In value terms, the largest base metal closure suppliers to Ecuador were Spain ($X), China ($X) and Colombia ($X), with a combined 60% share of total imports.

China, with a CAGR of +20.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal closure import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 14%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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