Ecuador: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Ecuador

The Ecuadorian halogenated hydrocarbon derivative market reduced to $X in 2022, standing approx. at 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, consumption, however, continues to indicate a abrupt setback. Halogenated hydrocarbon derivative consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from Ecuador

After two years of growth, overseas shipments of halogenated derivatives of hydrocarbons decreased by -75.4% to X tons in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17,370%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports shrank markedly to $X in 2022. Overall, exports showed a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 12,078%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Peru (X tons) was the main destination for halogenated hydrocarbon derivative exports from Ecuador, accounting for a 86% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Peru exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +70.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+35.5% per year) and the United States (-14.9% per year).

In value terms, Peru ($X) emerged as the key foreign market for halogenated derivatives of hydrocarbons exports from Ecuador, comprising 97% of total exports. The second position in the ranking was taken by Panama ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to +63.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+39.1% per year) and the United States (-21.0% per year).

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, growing by 105% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 112% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+82.8%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Ecuador

Halogenated hydrocarbon derivative imports into Ecuador amounted to X tons in 2022, remaining constant against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports reduced to $X in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to Ecuador, with a 66% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Russia (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.9% per year) and Russia (+6.0% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Ecuador, comprising 73% of total imports. The second position in the ranking was held by India ($X), with a 4.8% share of total imports. It was followed by the United States, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.6% per year) and the United States (-20.8% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, reducing by -2.5% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Mexico ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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