Report Update Nov 1, 2024

Ecuador - Epoxide Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Epoxide Resin Market 2024

Epoxide Resin Market Size in Ecuador

The Ecuadorian epoxide resin market surged to $X in 2021, with an increase of 35% 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 recorded a prominent expansion. Epoxide resin consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Epoxide Resin Exports

Exports from Ecuador

In 2021, shipments abroad of epoxide resins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 777%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, epoxide resin exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 324%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Costa Rica (X tons) and Colombia (X kg) were the main destinations of epoxide resin exports from Ecuador, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +15.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Costa Rica ($X), Peru ($X) and Colombia ($X) were the largest markets for epoxide resin exported from Ecuador worldwide, together accounting for 94% of total exports.

Among the main countries of destination, Costa Rica, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average epoxide resin export price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 131% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 the United States (+38.0%), while the prices for the other major destinations experienced mixed trend patterns.

Epoxide Resin Imports

Imports into Ecuador

In 2021, epoxide resin imports into Ecuador amounted to X tons, surging by 11% against the year before. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 120% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, epoxide resin imports surged to $X in 2021. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 98%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), South Korea (X tons) and China (X tons) were the main suppliers of epoxide resin imports to Ecuador, together accounting for 72% of total imports. These countries were followed by Egypt, the Netherlands, Colombia and Mexico, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +66.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and China ($X) appeared to be the largest epoxide resin suppliers to Ecuador, with a combined 74% share of total imports. The Netherlands, Egypt, Colombia and Mexico lagged somewhat behind, together comprising a further 11%.

Egypt, with a CAGR of +159.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average epoxide resin import price amounted to $X per ton, picking up by 28% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+56.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins consumption in 2020 were China, the U.S. and Taiwan Chinese), with a combined 53% share of global consumption.

What are the largest producers of epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins production in 2020 were the U.S., China and South Korea, together comprising 51% of global production.

What are the leading suppliers of epoxide resins in primary forms to Ecuador?

In value terms, the U.S. constituted the largest supplier of epoxide resins to Ecuador, comprising 38% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by Spain, with a 12% share.

What are the leading importers of epoxide resins in primary forms from Ecuador?

In value terms, Peru remains the key foreign market for epoxide resins exports from Ecuador, comprising 60% of total exports. The second position in the ranking was occupied by Argentina, with a 29% share of total exports.

What is the average export price for epoxide resins in primary forms in Ecuador?

The average epoxide resins export price stood at $3,244 per ton in 2020, falling by -45.4% against the previous year.

What is the average import price for epoxide resins in primary forms in Ecuador?

In 2020, the average epoxide resins import price amounted to $3,551 per ton, waning by -12.2% against the previous year.

This report provides an in-depth analysis of the epoxide resin market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20164030 - Epoxide resins, in primary forms

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023