Report Update Nov 1, 2024

Ecuador - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Ecuador

The Ecuadorian ethylene glycol market fell dramatically to $X in 2022, which is down by -22.1% 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). Overall, consumption recorded a perceptible decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ethylene Glycol Exports

Exports from Ecuador

In 2022, the amount of ethylene glycol (ethanediol) exported from Ecuador rose markedly to X tons, with an increase of 5.8% on 2021 figures. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 307%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylene glycol exports rose modestly to $X in 2022. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 82%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for ethylene glycol exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled +32.6%.

In value terms, Peru ($X) also remains the key foreign market for ethylene glycol (ethanediol) exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled +30.4%.

Export Prices by Country

In 2022, the average ethylene glycol export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 163% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -1.6% per year.

Ethylene Glycol Imports

Imports into Ecuador

In 2022, ethylene glycol imports into Ecuador declined to X tons, with a decrease of -13.4% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 56%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene glycol imports plummeted to $X in 2022. In general, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by 101%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main suppliers of ethylene glycol imports to Ecuador, with a combined 82% share of total imports. The Netherlands, Venezuela, Brazil and Mexico lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +60.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of ethylene glycol (ethanediol) to Ecuador, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Thailand (+10.1% per year).

Import Prices by Country

In 2022, the average ethylene glycol import price amounted to $X per ton, shrinking by -13.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 47% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China constituted the country with the largest volume of ethylene glycol consumption, accounting for 32% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Taiwan Chinese) ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of in 2021 were Saudi Arabia, the United States and Canada, together comprising 45% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Ecuador?

In value terms, the United States constituted the largest supplier of ethylene glycol to Ecuador, comprising 63% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

What are the leading importers of ethylene glycol (ethanediol) from Ecuador?

In value terms, Peru remains the key foreign market for ethylene glycol exports from Ecuador.

What is the average export price for ethylene glycol (ethanediol) in Ecuador?

In 2021, the average ethylene glycol export price amounted to $3,446 per ton, picking up by 43% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Ecuador?

In 2021, the average ethylene glycol import price amounted to $1,163 per ton, picking up by 49% against the previous year.

This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)

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