Ecuador: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Ecuador

In 2021, the Ecuadorian market for liquid or compressed air and distilled or conductivity water increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a moderate increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Ecuador

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water were finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 372% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid air and distilled water exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 426% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for liquid air and distilled water exports from Ecuador, with a 72% share of total exports. Moreover, liquid air and distilled water exports to the United States exceeded the volume sent to the second major destination, Austria (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-15.7% per year) and Canada (-18.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Ecuador, comprising 88% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-62.0% per year) and Canada (-22.6% per year).

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, growing by 55% against the previous year. Overall, the export price showed slight growth. The growth pace was the most rapid in 2015 an increase of 118%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 the United States (+13.2%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Ecuador

In 2021, after two years of decline, there was significant growth in purchases abroad of liquid or compressed air and distilled or conductivity water, when their volume increased by 28% to X tons. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 346% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports rose significantly to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 409%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Israel (X tons) was the main liquid air and distilled water supplier to Ecuador, with a 93% share of total imports. It was followed by Peru (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Israel stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+19.1% per year) and China (+98.2% per year).

In value terms, Israel ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Ecuador, comprising 86% of total imports. The second position in the ranking was held by Peru ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-17.6% per year) and China (+66.8% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, reducing by -16% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Peru ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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