Ecuador: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Ecuador

The Ecuadorian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank dramatically to $X in 2022, with a decrease of -30.9% 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). In general, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Ecuador

In 2022, the amount of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Ecuador reduced rapidly to X square meters, falling by -40.7% compared with 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 833%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2021, and then dropped rapidly in the following year.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 542% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Colombia (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Ecuador, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +24.9%.

In value terms, Colombia ($X) also remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at +19.9%.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 62% against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2015 an increase of 281% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -4.0% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Ecuador

Imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Ecuador reduced markedly to X square meters in 2022, shrinking by -29.2% on 2021 figures. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 140% against the previous year. As a result, imports attained the peak of X square meters, and then declined sharply in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped notably to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 167%. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X square meters), Colombia (X square meters) and Malaysia (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Ecuador, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +62.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Ecuador, comprising 50% of total imports. The second position in the ranking was held by Colombia ($X), with a 20% share of total imports. It was followed by Malaysia, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+21.7% per year) and Malaysia (+61.9% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, falling by -3% against the previous year. In general, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 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 the United States ($X per square meter), while the price for Mexico ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform