Report Update Nov 1, 2024

Ecuador - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Nitrites Market 2024

Nitrites Market Size in Ecuador

In 2021, the Ecuadorian nitrites market decreased by -31.1% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Nitrites Exports

Exports from Ecuador

In 2016, the amount of nitrites exported from Ecuador soared to X kg, surging by 532% on 2015. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X kg in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, nitrites exports surged to $X in 2016. In general, exports recorded notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

From 2014 to 2016, the average annual growth rate of volume to No country was relatively modest.

From 2014 to 2016, the average annual growth rate of value to No country was relatively modest.

Nitrites Imports

Imports into Ecuador

In 2021, nitrites imports into Ecuador shrank remarkably to X tons, which is down by -37.3% on 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 106% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, nitrites imports dropped markedly to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 136%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of nitrites imports to Ecuador, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +50.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of nitrites to Ecuador, comprising 81% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Peru, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+58.2% per year) and Peru (+15.6% per year).

Import Prices by Country

The average nitrites import price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price posted resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 57%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrites in the world?

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, with a combined 30% share of global consumption. These countries were followed by Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine, which together accounted for a further 40%.

What are the largest producers of nitrites in the world?

China remains the largest nitrites producing country worldwide, comprising approx. 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. Russia ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of nitrites to Ecuador?

In value terms, the United States constituted the largest supplier of nitrites to Ecuador, comprising 80% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by China, with a 2.1% share.

What is the average export price for nitrites in Ecuador?

In 2015, the average nitrites export price amounted to $2,676 per ton, flattening at the previous year.

What is the average import price for nitrites in Ecuador?

In 2021, the average nitrites import price amounted to $3,057 per ton, picking up by 11% against the previous year.

This report provides an in-depth analysis of the nitrites market 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 20152080 - Nitrites

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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