Report Update Nov 1, 2024

Ecuador - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Ecuador

The Ecuadorian glass fibres and wool market declined remarkably to $X in 2022, waning by -25.1% 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). Over the period under review, consumption, however, enjoyed notable growth. Glass fibres and wool consumption peaked at $X in 2021, and then declined dramatically in the following year.

Exports of Glass Fibres And Glass Wool

Exports from Ecuador

In 2022, after four years of decline, there was significant growth in overseas shipments of glass fibres and glass wool, when their volume increased by 132% to X tons. Over the period under review, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 355%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, glass fibres and wool exports surged to $X in 2022. Overall, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when exports increased by 335%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for glass fibres and wool exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at +52.4%.

In value terms, Panama ($X) also remains the key foreign market for glass fibres and glass wool exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at +40.2%.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, waning by -12% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +19.9% per year.

Imports of Glass Fibres And Glass Wool

Imports into Ecuador

In 2022, the amount of glass fibres and glass wool imported into Ecuador dropped significantly to X tons, reducing by -18.5% on the previous year. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, glass fibres and wool imports declined markedly to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +43.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibres and wool supplier to Ecuador, accounting for a 53% share of total imports. Moreover, glass fibres and wool imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Colombia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.2% per year) and Colombia (+24.7% per year).

In value terms, China ($X) constituted the largest supplier of glass fibres and glass wool to Ecuador, comprising 44% of total imports. The second position in the ranking was held by Mexico ($X), with a 20% share of total imports. It was followed by Colombia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.9% per year) and Colombia (+20.2% per year).

Import Prices by Country

The average glass fibres and wool import price stood at $X per ton in 2022, declining by -5.7% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2013 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibres and glass wool in the world?

The countries with the highest volumes of in 2021 were China, the UK and India, with a combined 38% share of global consumption. The United States, Japan, Belgium, Russia, France, Mexico, Germany, Turkey, South Korea and Finland lagged somewhat behind, together comprising a further 33%.

What are the largest producers of glass fibres and glass wool in the world?

China constituted the country with the largest volume of glass fibres and wool production, comprising approx. 25% of total volume. Moreover, glass fibres and wool production in China exceeded the figures recorded by the second-largest producer, the UK, twofold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the leading suppliers of glass fibres and glass wool to Ecuador?

In value terms, China constituted the largest supplier of glass fibres and wool to Ecuador, comprising 44% of total imports. The second position in the ranking was occupied by Mexico, with a 20% share of total imports. It was followed by Colombia, with a 10% share.

What are the leading importers of glass fibres and glass wool from Ecuador?

In value terms, the largest markets for glass fibres and wool exported from Ecuador were Panama, Nicaragua and Colombia, together comprising 99% of total exports.

What is the average export price for glass fibres and glass wool in Ecuador?

In 2021, the average glass fibres and wool export price amounted to $3,693 per ton, surging by 20% against the previous year.

What is the average import price for glass fibres and glass wool in Ecuador?

In 2021, the average glass fibres and wool import price amounted to $4,052 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

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