Ecuador: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Ecuador

After two years of growth, the Ecuadorian industrial monocarboxylic fatty acids market decreased by -3.4% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Industrial monocarboxylic fatty acids consumption peaked at $X in 2020, and then fell in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Ecuador

In value terms, industrial monocarboxylic fatty acids production reduced to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 19%. Industrial monocarboxylic fatty acids production peaked at $X in 2020, and then dropped in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Ecuador

In 2021, exports of industrial monocarboxylic fatty acids from Ecuador fell to X tons, which is down by -10.6% on 2020. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Overall, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +109.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 60%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Ecuador, together comprising 84% of total exports. Colombia, Spain and Mexico lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for industrial monocarboxylic fatty acids exports from Ecuador, comprising 42% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Colombia, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.7% per year) and Colombia (-3.3% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, with an increase of 37% against the previous year. In general, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Ecuador

For the third consecutive year, Ecuador recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by 26% to X tons in 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 359%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports expanded remarkably to $X in 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 213% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), India (X tons) and China (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Ecuador, with a combined 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +109.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial monocarboxylic fatty acids suppliers to Ecuador were Germany ($X), India ($X) and Spain ($X), together accounting for 22% of total imports.

In terms of the main suppliers, India, with a CAGR of +79.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, shrinking by -9.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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