Ecuador: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Ecuador

The Ecuadorian chemical contraceptive preparations market fell to $X in 2021, with a decrease of -5.6% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Chemical Contraceptive Preparations Exports

Exports from Ecuador

In 2021, approx. X kg of chemical contraceptive preparations based on hormones or spermicides were exported from Ecuador; jumping by 214% on 2020. Overall, exports, however, saw a abrupt decrease. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, chemical contraceptive preparations exports surged to $X in 2021. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X kg) was the main destination for chemical contraceptive preparations exports from Ecuador, accounting for a 82% share of total exports. Moreover, chemical contraceptive preparations exports to Guatemala exceeded the volume sent to the second major destination, Panama (X kg), fivefold. Peru (X kg) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-9.5% per year) and Peru (-31.2% per year).

In value terms, Guatemala ($X) remains the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from Ecuador, comprising 66% of total exports. The second position in the ranking was held by Panama ($X), with a 31% share of total exports. It was followed by Costa Rica, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Guatemala amounted to -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-14.7% per year) and Costa Rica (-39.2% per year).

Export Prices by Country

In 2021, the average chemical contraceptive preparations export price amounted to $X per ton, waning by -41.5% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2019 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, 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 Costa Rica ($X per ton), while the average price for exports to Guatemala ($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 Costa Rica (+6.1%), while the prices for the other major destinations experienced a decline.

Chemical Contraceptive Preparations Imports

Imports into Ecuador

In 2021, approx. X tons of chemical contraceptive preparations based on hormones or spermicides were imported into Ecuador; increasing by 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, chemical contraceptive preparations imports declined to $X in 2021. Overall, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Peru (X tons), Mexico (X tons) and Panama (X tons) were the main suppliers of chemical contraceptive preparations imports to Ecuador, together comprising 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chemical contraceptive preparations suppliers to Ecuador were Mexico ($X), Panama ($X) and Brazil ($X), together accounting for 40% of total imports. Colombia, Peru, Hungary, Argentina and Chile lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Peru, with a CAGR of +22.0%, 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 chemical contraceptive preparations import price stood at $X per ton in 2021, declining by -20% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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