Ecuador: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Ecuador

In 2021, the Ecuadorian market for drawn glass and blown glass increased by 89% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a abrupt shrinkage. Drawn glass and blown glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Ecuador

In value terms, drawn glass and blown glass production contracted to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 119%. Drawn glass and blown glass production peaked at $X in 2020, and then contracted in the following year.

Exports of Drawn Glass And Blown Glass

Exports from Ecuador

In 2021, overseas shipments of drawn glass and blown glass were finally on the rise to reach X square meters after two years of decline. Overall, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2014 with an increase of 498% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports skyrocketed to $X in 2021. In general, exports, however, showed a dramatic slump. The pace of growth was the most pronounced in 2014 with an increase of 837%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X square meters), Venezuela (X square meters) and Guatemala (X square meters) were the main destinations of drawn glass and blown glass exports from Ecuador. Moreover, drawn glass and blown glass exports in the United States exceeded the figures recorded by the second-largest exporter, Venezuela, twofold.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -7.9%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for drawn glass and blown glass exports from Ecuador, comprising 66% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-11.5% per year) and Venezuela (-43.0% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, shrinking by -12.7% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 87%. The export price peaked at $X per square meter in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Venezuela ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Ecuador

In 2021, purchases abroad of drawn glass and blown glass increased by 194% to X square meters, rising for the second consecutive year after two years of decline. In general, imports saw mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 498% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, drawn glass and blown glass imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 543% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest drawn glass and blown glass supplier to Ecuador, accounting for a 69% share of total imports. Moreover, drawn glass and blown glass imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) constituted the largest supplier of drawn glass and blown glass to Ecuador, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 6.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled +16.1%.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, rising by 20% against the previous year. Overall, the import price showed a prominent increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 105%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.3%).

Source: IndexBox Platform

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