Ecuador: Bumper Market 2025

Bumper Market Size in Ecuador

The Ecuadorian bumper market shrank to $X in 2022, falling by -7.1% against the previous year. In general, consumption saw a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Bumper Production in Ecuador

In value terms, bumper production declined to $X in 2022 estimated in export price. In general, production faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 118% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Bumper Exports

Exports from Ecuador

In 2022, bumper exports from Ecuador expanded to X tons, with an increase of 2.9% on 2021 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 86%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, bumper exports rose notably to $X in 2022. Over the period under review, exports, however, saw a slight contraction. The pace of growth was the most pronounced in 2017 when exports increased by 104% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for bumper exports from Ecuador, with a 66% share of total exports. Moreover, bumper exports to Colombia exceeded the volume sent to the second major destination, Belarus (X kg), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X kg), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+10.2% per year) and Taiwan (Chinese) (+8.0% per year).

In value terms, Colombia ($X) remains the key foreign market for bumpers exports from Ecuador, comprising 72% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.6% share of total exports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.1% per year) and the United States (+39.1% per year).

Export Prices by Country

In 2022, the average bumper export price amounted to $X per ton, rising by 5.1% against the previous year. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 29% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Chile ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Ecuador

Bumper imports into Ecuador dropped to X tons in 2022, waning by -13.9% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 40%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bumper imports reduced remarkably to $X in 2022. In general, imports recorded a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Africa (X tons) were the main suppliers of bumper imports to Ecuador, with a combined 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +76.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bumper suppliers to Ecuador were Taiwan (Chinese) ($X), China ($X) and the United States ($X), with a combined 46% share of total imports. South Korea, Thailand, South Africa, Brazil, India, Japan, Colombia, Malaysia and Mexico lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, South Africa, with a CAGR of +59.2%, 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 bumper import price stood at $X per ton in 2022, falling by -5.3% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Colombia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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