Ecuador: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Ecuador

In 2022, the Ecuadorian market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -15.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Ecuador

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported from Ecuador declined notably to X kg, waning by -42.9% compared with the year before. Overall, exports recorded a significant contraction. The pace of growth was the most pronounced in 2017 when exports increased by 392% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings contracted notably to $X in 2022. In general, exports showed a sharp decline. The growth pace was the most rapid in 2017 when exports increased by 732%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X kg), Peru (X kg) and Costa Rica (X kg) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Ecuador, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of -12.6%), while shipments for the other leaders experienced a decline.

In value terms, Costa Rica ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Ecuador, comprising 78% of total exports. The second position in the ranking was held by France ($X), with a 9.6% share of total exports. It was followed by Poland, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.8% per year) and Poland (-46.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, rising by 7.6% against the previous year. Overall, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2017 an increase of 69%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Ecuador

After two years of growth, supplies from abroad of flexible tubes, pipes and hoses of plastics, with fittings decreased by -21.5% to X tons in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 111% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings dropped to $X in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 111%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with fittings to Ecuador, together comprising 88% of total imports. Mexico and Spain lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Ecuador, with a combined 82% share of total imports. Mexico and Spain lagged somewhat behind, together comprising a further 8.1%.

Among the main suppliers, Spain, with a CAGR of +25.8%, 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 import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, surging by 11% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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