Ecuador: Market for Nets of Twine, Cordage, Rope or Textile Materials 2025

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Ecuador

After six years of growth, the Ecuadorian market for nets of twine, cordage, rope or textile materials decreased by -8.6% to $X in 2022. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Ecuador

In value terms, twine, cordage or textile net production totaled $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 574% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Ecuador

After three years of growth, shipments abroad of nets of twine, cordage, rope or textile materials decreased by -29.4% to X tons in 2022. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 3,950%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net exports reduced markedly to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,202% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Fiji (X tons), El Salvador (X tons) and Panama (X kg) were the main destinations of twine, cordage or textile net exports from Ecuador, with a combined 16% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +105.8%), while the other leaders experienced mixed trend patterns.

In value terms, Fiji ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Ecuador, comprising 26% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 4% share of total exports. It was followed by Colombia, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Fiji amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+78.3% per year) and Colombia (-0.6% per year).

Export Prices by Country

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, with a decrease of -5% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine, cordage or textile net export price increased by +14.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 74% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+338.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Ecuador

In 2022, overseas purchases of nets of twine, cordage, rope or textile materials decreased by -19.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, twine, cordage or textile net imports fell to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of twine, cordage or textile net to Ecuador, with a 36% share of total imports. Moreover, twine, cordage or textile net imports from Peru exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.5% per year) and Taiwan (Chinese) (+3.7% per year).

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest twine, cordage or textile net suppliers to Ecuador, with a combined 67% share of total imports. Peru, Spain, Panama, Thailand and South Korea lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Thailand, with a CAGR of +39.2%, saw the highest growth rate of 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

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, increasing by 6% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 8.1%. The import price peaked at $X per ton in 2014; however, from 2015 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 Panama ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :