Ecuador: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Ecuador

The Ecuadorian carbon dioxide market amounted to $X in 2022, almost unchanged from the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.7% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Carbon Dioxide Production in Ecuador

In value terms, carbon dioxide production amounted to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Carbon Dioxide Exports

Exports from Ecuador

In 2022, shipments abroad of carbon dioxide decreased by -1.6% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 819%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, carbon dioxide exports fell to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 864%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Colombia (X tons) was the main destination for carbon dioxide exports from Ecuador, with a 98% share of total exports. It was followed by Peru (X tons), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to +68.5%.

In value terms, Colombia ($X) remains the key foreign market for carbon dioxide exports from Ecuador, comprising 99% of total exports. The second position in the ranking was taken by Peru ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +65.8%.

Export Prices by Country

The average carbon dioxide export price stood at $X per ton in 2022, which is down by -3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 7.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-1.6%).

Carbon Dioxide Imports

Imports into Ecuador

Carbon dioxide imports into Ecuador declined markedly to X tons in 2022, which is down by -57.4% against the previous year's figure. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 477% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon dioxide imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2018 with an increase of 505% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Colombia (X tons) and the United States (X tons) were the main suppliers of carbon dioxide imports to Ecuador, with a combined 75% 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 China (with a CAGR of +77.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon dioxide suppliers to Ecuador were the United States ($X), Colombia ($X) and Taiwan (Chinese) ($X), together comprising 72% of total imports. Peru, China, the Netherlands and Mexico lagged somewhat behind, together comprising a further 9.2%.

Among the main suppliers, China, with a CAGR of +31.2%, saw 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

In 2022, the average carbon dioxide import price amounted to $X per ton, rising by 189% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. Over the period under review, average import prices hit record highs 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 Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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