Ecuador: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Ecuador

The Ecuadorian natural rubber and gum market contracted slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the market value increased by 1.9%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Ecuador

In value terms, natural rubber and gum production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2%. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average natural rubber and gum yield in Ecuador was estimated at X tons per ha, flattening at 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 5.7% against the previous year. The natural rubber and gum yield peaked at X tons per ha in 2015; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Ecuador; approximately reflecting 2021 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 4.2% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from Ecuador

In 2022, the amount of natural rubber and gums exported from Ecuador fell markedly to X kg, declining by -60.5% on 2021. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of X kg, and then fell remarkably in the following year.

In value terms, natural rubber and gum exports reduced to $X in 2022. Over the period under review, exports showed a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of 16%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X kg) was the main destination for natural rubber and gum exports from Ecuador, accounting for a 94% share of total exports. Moreover, natural rubber and gum exports to Peru exceeded the volume sent to the second major destination, Norway (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to -1.5%.

In value terms, the largest markets for natural rubber and gum exported from Ecuador were Norway ($X) and Peru ($X).

Among the main countries of destination, Peru, with a CAGR of -1.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, jumping by 137% against the previous year. Overall, the export price enjoyed a perceptible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($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 Norway (+19.5%).

Imports of Natural Rubber And Gums

Imports into Ecuador

In 2022, imports of natural rubber and gums into Ecuador reduced rapidly to X tons, which is down by -24.8% compared with the year before. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 350% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, natural rubber and gum imports fell dramatically to $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 185%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of natural rubber and gum to Ecuador, accounting for a 33% share of total imports. Moreover, natural rubber and gum imports from Guatemala exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala amounted to +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.6% per year) and Thailand (-9.4% per year).

In value terms, Guatemala ($X) constituted the largest supplier of natural rubber and gums to Ecuador, comprising 42% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 8.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Guatemala stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+5.9% per year) and Thailand (-11.2% per year).

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, growing by 2.2% against the previous year. Overall, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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