Ecuador: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Ecuador

The Ecuadorian aromatic hydrocarbons derivatives market contracted to $X in 2021, with a decrease of -14.3% 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, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Aromatic Hydrocarbons Derivatives Exports

Exports from Ecuador

In 2015, the amount of halogenated derivatives of aromatic hydrocarbons exported from Ecuador was estimated at X kg, approximately mirroring the previous year. Over the period under review, exports showed a significant decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports stood at $X in 2015. Overall, exports showed a dramatic decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for aromatic hydrocarbons derivatives exports from Ecuador, accounting for a 73% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2013 to 2015, the average annual growth rate of volume to the United States was relatively modest.

From 2013 to 2015, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2015, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, leveling off at the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure in 2015 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Ecuador

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported into Ecuador; shrinking by -19.7% against 2020 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports fell to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 78%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic hydrocarbons derivatives supplier to Ecuador, with a 68% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.0% per year) and Belgium (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Ecuador, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.3% per year) and Belgium (+7.4% per year).

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, with an increase of 11% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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