Ecuador: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Ecuador

The Ecuadorian market for cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022, jumping by 28% 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). In general, consumption enjoyed a noticeable expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Ecuador

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene exported from Ecuador dropped sharply to X tons, declining by -41.8% compared with the previous year. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 10,860% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene contracted markedly to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 9,474%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Ecuador, with a 67% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Peru exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+36.4% per year) and the United States (0.0% per year).

In value terms, Peru ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Ecuador, comprising 63% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the Dominican Republic (+34.2% per year).

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2016 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($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 Peru (+1.3%).

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Ecuador

In 2022, supplies from abroad of cellular plates, sheets and films of polyymers of styrene was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 91%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded sharply to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to Ecuador, with a 41% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.3% per year) and Italy (-11.1% per year).

In value terms, China ($X), Mexico ($X) and Belgium ($X) appeared to be the largest polystyrene cellular plates, sheets and films suppliers to Ecuador, with a combined 34% share of total imports.

Belgium, with a CAGR of +28.2%, recorded the highest rates of growth with regard to 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

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, with a decrease of -7.2% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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