Ecuador: Isocyanates Market 2025

Isocyanates Market Size in Ecuador

The Ecuadorian isocyanates market reduced slightly to $X in 2022, dropping by X% against the previous year. In general, consumption showed a noticeable descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Isocyanates Production in Ecuador

In value terms, isocyanates production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Isocyanates Exports

Exports from Ecuador

In 2022, shipments abroad of isocyanates decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, isocyanates exports declined modestly to $X in 2022. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Peru (X tons) was the main destination for isocyanates exports from Ecuador, accounting for a X% share of total exports. Moreover, isocyanates exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled X%.

In value terms, the largest markets for isocyanates exported from Ecuador were Peru ($X) and Colombia ($X).

In terms of the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average isocyanates export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Isocyanates Imports

Imports into Ecuador

In 2022, isocyanates imports into Ecuador declined to X tons, reducing by X% against the year before. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, isocyanates imports declined to $X in 2022. Overall, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Colombia (X tons) were the main suppliers of isocyanates imports to Ecuador, with a combined X% share of total imports. The United States, Germany, Argentina and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Colombia ($X) constituted the largest isocyanates suppliers to Ecuador, together comprising X% of total imports. The United States, Germany, Argentina and Panama lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average isocyanates import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Panama ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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