Ecuador: Market for Inorganic Oxygen Compounds Of Non-Metals 2025

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Ecuador

The Ecuadorian market for inorganic oxygen compounds of non-metals skyrocketed to $X in 2021, rising by 24% 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, however, continues to indicate a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Ecuador

In 2021, exports of inorganic oxygen compounds of non-metals from Ecuador plummeted to X kg, shrinking by -34.7% against the previous year. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 973% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals exports contracted sharply to $X in 2021. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 1,249%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for inorganic oxygen compounds of non-metals exports from Ecuador, accounting for a 96% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to France exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-13.5% per year) and Peru (-37.4% per year).

In value terms, France ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Ecuador, comprising 96% of total exports. The second position in the ranking was held by Colombia ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-23.6% per year) and Peru (-53.5% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, surging by 3.2% against the previous year. Over the period under review, the export price posted a mild expansion. The pace of growth was the most pronounced in 2014 an increase of 94% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru ($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 France (+20.4%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Ecuador

In 2021, inorganic oxygen compounds of non-metals imports into Ecuador skyrocketed to X tons, increasing by 17% on the year before. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to Ecuador, with a 44% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.9% per year) and Colombia (-7.5% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Ecuador were the United States ($X), Austria ($X) and China ($X), with a combined 52% share of total imports. These countries were followed by Spain, Colombia, Chile and France, which together accounted for a further 20%.

Spain, with a CAGR of +77.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, with an increase of 6% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals import price decreased by -11.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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