Report Update Nov 1, 2024

Ecuador - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Ecuador

The Ecuadorian nitric and sulphonitric acids market skyrocketed to $X in 2021, growing by 26% 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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Ecuador

In 2020, the amount of nitric acid and sulphonitric acids exported from Ecuador contracted significantly to X tons, which is down by -17.8% against the year before. Overall, exports continue to indicate a abrupt downturn. The smallest decline of -9.3% was in 2015. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports dropped notably to $X in 2020. In general, exports continue to indicate a abrupt contraction. The smallest decline of -15.1% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for nitric and sulphonitric acids exports from Ecuador, with a approx. 100% share of total exports.

From 2014 to 2020, the average annual growth rate of volume to Guatemala was relatively modest.

In value terms, Guatemala ($X) emerged as the key foreign market for nitric acid and sulphonitric acids exports from Ecuador.

From 2014 to 2020, the average annual growth rate of value to Guatemala was relatively modest.

Export Prices by Country

In 2020, the average nitric and sulphonitric acids export price amounted to $X per ton, which is down by -12.6% against the previous year. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2018 a decrease of -6.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2014 to 2020, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Ecuador

In 2021, nitric and sulphonitric acids imports into Ecuador rose markedly to X tons, picking up by 10% compared with 2020. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of nitric and sulphonitric acids to Ecuador, with a 83% share of total imports. Moreover, nitric and sulphonitric acids imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.2% per year) and Curacao (+16.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Ecuador, comprising 79% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.2% per year) and Curacao (+19.7% per year).

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, picking up by 19% against the previous year. In general, the import price, however, recorded a mild setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Curacao ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Curacao (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids consumption was China, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.5% share.

What are the largest producers of nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids production was China, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the leading suppliers of nitric acid and sulphonitric acids to Ecuador?

In value terms, Belgium constituted the largest supplier of nitric and sulphonitric acids to Ecuador, comprising 84% of total imports. The second position in the ranking was occupied by the Netherlands, with a 12% share of total imports.

What is the average export price for nitric acid and sulphonitric acids in Ecuador?

In 2020, the average nitric and sulphonitric acids export price amounted to $404 per ton, with a decrease of -12.6% against the previous year.

What is the average import price for nitric acid and sulphonitric acids in Ecuador?

In 2021, the average nitric and sulphonitric acids import price amounted to $446 per ton, surging by 19% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20151050 - Nitric acid, sulphonitric acids

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
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How to make your supply chain more sustainable
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How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023