Report Update Nov 1, 2024

Ecuador - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Ecuador

The Ecuadorian phosphoric acid market contracted to $X in 2022, with a decrease of -11.3% 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. As a result, consumption attained the peak level of $X, and then declined in the following year.

Phosphoric Acid Exports

Exports from Ecuador

Phosphoric acid exports from Ecuador declined dramatically to X kg in 2022, which is down by -26.1% against 2021. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by 539%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports declined significantly to $X in 2022. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 560% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for phosphoric acid exports from Ecuador, with a 69% share of total exports. Moreover, phosphoric acid exports to Colombia exceeded the volume sent to the second major destination, Guatemala (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled -22.9%.

In value terms, Colombia ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Ecuador, comprising 86% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to +3.7%.

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, shrinking by -10.7% against the previous year. Overall, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 137% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+34.5%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into Ecuador

In 2022, the amount of phosphoric acid and polyphosphoric acids imported into Ecuador declined to X tons, falling by -5.3% on 2021. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 26%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphoric acid imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest phosphoric acid supplier to Ecuador, accounting for a 55% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-8.0% per year) and Brazil (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Ecuador, comprising 59% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Mexico, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.5% per year) and Mexico (-9.8% per year).

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, reducing by -11.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.9%), 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 phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were India, Russia and China, together comprising 65% of global consumption.

What are the largest producers of phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were China, Russia and Morocco, together comprising 68% of global production. The United States, Jordan, Japan, Senegal, Egypt and Mexico lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of phosphoric acid and polyphosphoric acids to Ecuador?

In value terms, the largest phosphoric acid suppliers to Ecuador were Brazil, China and Mexico, together accounting for 83% of total imports. Belgium and South Korea lagged somewhat behind, together accounting for a further 12%.

What are the leading importers of phosphoric acid and polyphosphoric acids from Ecuador?

In value terms, Colombia remains the key foreign market for phosphoric acid exports from Ecuador, comprising 67% of total exports. The second position in the ranking was occupied by Guatemala $438), with an 18% share of total exports.

What is the average export price for phosphoric acid and polyphosphoric acids in Ecuador?

In 2021, the average phosphoric acid export price amounted to $3,087 per ton, increasing by 49% against the previous year.

What is the average import price for phosphoric acid and polyphosphoric acids in Ecuador?

In 2021, the average phosphoric acid import price amounted to $1,282 per ton, with an increase of 34% against the previous year.

This report provides an in-depth analysis of the phosphoric acid 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 20132455 - Phosphoric acid and polyphosphoric 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
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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