Ecuador: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Ecuador

The Ecuadorian paper sack and bag market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Paper Sacks And Bags in Ecuador

In value terms, paper sack and bag production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Paper Sacks And Bags

Exports from Ecuador

In 2021, overseas shipments of paper sacks and bags increased by 62% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 210%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper sack and bag exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 162%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Peru (X tons) and Venezuela (X tons) were the main destinations of paper sack and bag exports from Ecuador, with a combined 77% share of total exports. Colombia, Chile and Thailand lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +187.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper sack and bag exported from Ecuador were Peru ($X), the United States ($X) and Venezuela ($X), with a combined 61% share of total exports. Chile, Colombia and Thailand lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Colombia, with a CAGR of +142.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper sack and bag export price stood at $X per ton in 2021, which is down by -14.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Ecuador

In 2021, overseas purchases of paper sacks and bags decreased by -5.4% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, paper sack and bag imports skyrocketed to $X in 2021. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 50%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Peru (X tons), Spain (X tons) and China (X tons) were the main suppliers of paper sack and bag imports to Ecuador, with a combined 70% share of total imports. Brazil, the United States, Colombia and Mexico lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +47.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag suppliers to Ecuador were Spain ($X), China ($X) and Peru ($X), together accounting for 72% of total imports. Brazil, the United States, Colombia and Mexico lagged somewhat behind, together comprising a further 22%.

Brazil, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average paper sack and bag import price amounted to $X per ton, rising by 23% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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