Ecuador: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Ecuador

In 2021, the Ecuadorian copper pipe and fitting market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Ecuador

In 2021, overseas shipments of copper tubes, pipes and fitting decreased by -55.4% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, copper pipe and fitting exports declined markedly to $X in 2021. Over the period under review, exports, however, showed a measured increase. The pace of growth was the most pronounced in 2020 with an increase of 147% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Panama (X tons) was the main destination for copper pipe and fitting exports from Ecuador, with a 53% share of total exports. Moreover, copper pipe and fitting exports to Panama exceeded the volume sent to the second major destination, Costa Rica (X kg), fourfold. The third position in this ranking was held by Dominica (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+6.9% per year) and Dominica (+59.6% per year).

In value terms, Panama ($X) emerged as the key foreign market for copper tubes, pipes and fitting exports from Ecuador, comprising 69% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 13% share of total exports. It was followed by Bolivia, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Panama totaled +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+19.7% per year) and Bolivia (+40.0% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper pipe and fitting export price increased by +22.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Dominica ($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 (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes, Pipes And Fitting

Imports into Ecuador

In 2021, supplies from abroad of copper tubes, pipes and fitting increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a mild decline. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), China (X tons) and the United States (X tons) were the main suppliers of copper pipe and fitting imports to Ecuador, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to Ecuador were Mexico ($X), China ($X) and the United States ($X), with a combined 82% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +15.9%, saw 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 copper pipe and fitting import price stood at $X per ton in 2021, surging by 27% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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