Ecuador: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Ecuador

The Ecuadorian non-cellular polypropylene film market fell to $X in 2021, dropping by -11.1% against the previous year. Over the period under review, consumption saw a noticeable descent. Non-cellular polypropylene film consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Cellular Polypropylene Film Production in Ecuador

In value terms, non-cellular polypropylene film production amounted to $X in 2021 estimated in export price. Overall, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports from Ecuador

Non-cellular polypropylene film exports from Ecuador soared to X tons in 2021, jumping by 37% compared with the year before. In general, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.5% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, non-cellular polypropylene film exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for non-cellular polypropylene film exports from Ecuador, accounting for a 37% share of total exports. Moreover, non-cellular polypropylene film exports to Chile exceeded the volume sent to the second major destination, Colombia (X tons), twofold. The third position in this ranking was held by Peru (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-1.9% per year) and Peru (+18.4% per year).

In value terms, Chile ($X), Colombia ($X) and Peru ($X) constituted the largest markets for non-cellular polypropylene film exported from Ecuador worldwide, together comprising 70% of total exports.

Chile, with a CAGR of +42.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-cellular polypropylene film export price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per ton) and Brazil ($X per ton), while the average price for exports to Cuba ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cellular Polypropylene Film Imports

Imports into Ecuador

In 2021, the amount of non-cellular polypropylene films, sheets, foil and strip imported into Ecuador surged to X tons, picking up by 40% compared with the year before. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 increased by +80.5% against 2017 indices. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-cellular polypropylene film imports soared to $X in 2021. Overall, imports continue to indicate moderate growth. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest supplier of non-cellular polypropylene film to Ecuador, accounting for a 53% share of total imports. Moreover, non-cellular polypropylene film imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Peru stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+15.0% per year) and Brazil (+25.5% per year).

In value terms, Peru ($X) constituted the largest supplier of non-cellular polypropylene films, sheets, foil and strip to Ecuador, comprising 49% of total imports. The second position in the ranking was taken by Colombia ($X), with a 20% share of total imports. It was followed by Brazil, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+10.8% per year) and Brazil (+14.1% per year).

Import Prices by Country

The average non-cellular polypropylene film import price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the import price continues to indicate a slight increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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