Ecuador: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Ecuador

The Ecuadorian market for floor, wall or ceiling coverings of plastics contracted to $X in 2022, which is down by -11% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.6% against 2020 indices. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Ecuador

In value terms, production of floor, wall or ceiling coverings of plastics declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2022: its value 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, production decreased by +0.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Ecuador

After two years of growth, shipments abroad of floor, wall or ceiling coverings of plastics decreased by -32.9% to X square meters in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,665%. Over the period under review, the exports of attained the peak figure at X square meters in 2021, and then reduced dramatically in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics reduced notably to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 764% against the previous year. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Estonia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Ecuador, with a 75% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Estonia exceeded the volume sent to the second major destination, Peru (X square meters), fivefold. The third position in this ranking was taken by Colombia (X square meters), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+58.8% per year) and Colombia (+3.7% per year).

In value terms, Estonia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Ecuador, comprising 71% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 14% share of total exports. It was followed by Peru, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+107.7% per year) and Peru (+37.1% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, rising by 2.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Ecuador

Imports of floor, wall or ceiling coverings of plastics into Ecuador declined to X square meters in 2022, which is down by -8.3% compared with the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +8.2% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 63%. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +16.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 79% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Ecuador, accounting for a 80% share of total imports. It was followed by Colombia (X square meters), with a 2.4% share of total imports. Vietnam (X square meters) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-7.3% per year) and Vietnam (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Ecuador, comprising 70% of total imports. The second position in the ranking was taken by Colombia ($X), with a 4.1% share of total imports. It was followed by Vietnam, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-4.5% per year) and Vietnam (+29.8% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, declining by -4.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per square meter in 2014; however, from 2015 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 Colombia ($X per square meter), while the price for Hong Kong SAR ($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 Colombia (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :