Ecuador: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Ecuador

The Ecuadorian plastic household articles market shrank significantly to $X in 2022, with a decrease of -18.6% 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, consumption saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plastic Household Articles Exports

Exports from Ecuador

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Ecuador; growing by 4.2% compared with the year before. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 219% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic household articles exports rose sharply to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 260%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons), Peru (X tons) and the United States (X tons) were the main destinations of plastic household articles exports from Ecuador, with a combined 82% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +126.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household articles exported from Ecuador were Bolivia ($X), Peru ($X) and the United States ($X), together comprising 82% of total exports.

The United States, with a CAGR of +154.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, with an increase of 6.4% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price increased by +78.0% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Panama ($X per ton), while the average price for exports to Peru ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Ecuador

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Ecuador; with a decrease of -15.2% compared with 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 44%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic household articles imports fell notably to $X in 2022. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 57%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to Ecuador, with a 67% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. The third position in this ranking was taken by Peru (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-2.8% per year) and Peru (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Ecuador, comprising 58% of total imports. The second position in the ranking was held by Peru ($X), with a 14% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-4.3% per year) and Colombia (-6.5% per year).

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 9.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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