Ecuador: Market for Builders' Joinery And Carpentry Of Wood 2025

Market Size for Builders' Joinery And Carpentry Of Wood in Ecuador

In 2021, the Ecuadorian wooden joinery and carpentry market increased by 1.4% to $X, rising for the seventh year in a row after two years of decline. In general, consumption saw prominent growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Production of Builders' Joinery And Carpentry Of Wood in Ecuador

In value terms, wooden joinery and carpentry production contracted to $X in 2021 estimated in export price. In general, production, however, showed significant growth. The growth pace was the most rapid in 2015 when the production volume increased by 194%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Ecuador

In 2021, exports of builders' joinery and carpentry of wood from Ecuador skyrocketed to X tons, jumping by 50% compared with the previous year. Overall, exports, however, recorded a slight descent. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 31%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for wooden joinery and carpentry exports from Ecuador, accounting for a 70% share of total exports. Moreover, wooden joinery and carpentry exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+3.2% per year) and Curacao (-12.5% per year).

In value terms, the United States ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Ecuador, comprising 71% of total exports. The second position in the ranking was held by Panama ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+0.3% per year) and Curacao (-12.2% per year).

Export Prices by Country

In 2021, the average wooden joinery and carpentry export price amounted to $X per ton, reducing by -15% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 26%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($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 the United States (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Ecuador

After four years of decline, purchases abroad of builders' joinery and carpentry of wood increased by 544% to X tons in 2021. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of wooden joinery and carpentry imports to Ecuador, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +193.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden joinery and carpentry suppliers to Ecuador were Colombia ($X), China ($X) and Turkey ($X), together comprising 82% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +124.8%, recorded the highest growth rate of 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 wooden joinery and carpentry import price stood at $X per ton in 2021, reducing by -6.8% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden joinery and carpentry import price increased by +35.1% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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