Ecuador: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Ecuador

For the fifth consecutive year, the Ecuadorian market for bottles, jars and other containers of glass recorded growth in sales value, which increased by 11% to $X in 2021. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Bottles, Jars And Other Containers Of Glass in Ecuador

In value terms, glass bottle, jar and container production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 24%. Glass bottle, jar and container production peaked at $X in 2020, and then declined in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Ecuador

In 2021, the amount of bottles, jars and other containers of glass exported from Ecuador contracted rapidly to X units, with a decrease of -74.6% on 2020 figures. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 328% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports reduced rapidly to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 388%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for glass bottle, jar and container exports from Ecuador, accounting for a 48% share of total exports. Moreover, glass bottle, jar and container exports to the Dominican Republic exceeded the volume sent to the second major destination, Jamaica (X units), threefold. El Salvador (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic stood at +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+22.2% per year) and El Salvador (0.0% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Ecuador, comprising 42% of total exports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total exports. It was followed by El Salvador, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Dominican Republic totaled +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+19.2% per year) and El Salvador (0.0% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, surging by 18% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container export price increased by +23.5% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 40% against the previous year. The export price peaked in 2021 and is likely to see gradual 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 Brazil ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Ecuador

In 2021, overseas purchases of bottles, jars and other containers of glass increased by 47% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. In general, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass bottle, jar and container to Ecuador, with a 48% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Chile (X units), fourfold. The third position in this ranking was held by Colombia (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+1.0% per year) and Colombia (-10.7% per year).

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Ecuador, comprising 45% of total imports. The second position in the ranking was taken by Peru ($X), with a 13% share of total imports. It was followed by Colombia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-10.0% per year) and Colombia (-10.9% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, shrinking by -7.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 38%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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