Ecuador: Particle Board Market 2025

Particle Board Market Size in Ecuador

The Ecuadorian particle board market reduced to $X in 2022, falling by -8.1% against the previous year. Over the period under review, consumption recorded a sharp downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Particle Board Production in Ecuador

In value terms, particle board production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 90% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Particle Board Exports

Exports from Ecuador

In 2022, after ten years of growth, there was significant decline in overseas shipments of particle board, when their volume decreased by -14.7% to X cubic meters. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 42%. As a result, the exports reached the peak of X cubic meters, and then dropped in the following year.

In value terms, particle board exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Colombia (X cubic meters), Peru (X cubic meters) and Panama (X cubic meters) were the main destinations of particle board exports from Ecuador, with a combined 92% share of total exports. Mexico, the United States and Bolivia lagged somewhat behind, together accounting for a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for particle board exported from Ecuador were Colombia ($X), Peru ($X) and Panama ($X), with a combined 94% share of total exports. The United States, Bolivia and Mexico lagged somewhat behind, together accounting for a further 3.4%.

Mexico, with a CAGR of +21.5%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average particle board export price amounted to $X per cubic meter, shrinking by -3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 7.9%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.0%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into Ecuador

In 2022, the amount of particle board imported into Ecuador contracted to X cubic meters, which is down by -9.3% compared with 2021 figures. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 222% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, particle board imports fell to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 193% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Chile (X cubic meters), Brazil (X cubic meters) and Spain (X cubic meters) were the main suppliers of particle board imports to Ecuador, together comprising 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +43.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board suppliers to Ecuador were Chile ($X), Brazil ($X) and Spain ($X), with a combined 96% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +40.0%, recorded the highest rates of growth with regard to 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 particle board import price amounted to $X per cubic meter, dropping by -5.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+48.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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