Ecuador: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Ecuador

In 2021, the Ecuadorian metal pickling preparations market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Metal Pickling Preparations Exports

Exports from Ecuador

In 2021, overseas shipments of pickling preparations for metal surfaces decreased by -58.2% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 339%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal pickling preparations exports plummeted to $X in 2021. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 300%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for metal pickling preparations exports from Ecuador, with a 83% share of total exports. Moreover, metal pickling preparations exports to Sudan exceeded the volume sent to the second major destination, Peru (X kg), sevenfold. The third position in this ranking was taken by Chile (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+68.0% per year) and Chile (+0.6% per year).

In value terms, Sudan ($X), Peru ($X) and Chile ($X) were the largest markets for metal pickling preparations exported from Ecuador worldwide, together accounting for 94% of total exports. The United States lagged somewhat behind, comprising a further 3.6%.

The United States, with a CAGR of +104.3%, saw the highest growth rate of 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 2021, the average metal pickling preparations export price amounted to $X per ton, with an increase of 25% against the previous year. In general, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Sudan ($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 the United States (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Pickling Preparations Imports

Imports into Ecuador

In 2021, purchases abroad of pickling preparations for metal surfaces was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of metal pickling preparations imports to Ecuador, with a combined 33% share of total imports. These countries were followed by Italy, the Czech Republic, Mexico, Chile, Germany, Poland, the UK, South Korea, Spain and France, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +159.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and China ($X) constituted the largest metal pickling preparations suppliers to Ecuador, together comprising 56% of total imports. Mexico, Italy, Chile, the Czech Republic, Germany, South Korea, Poland, the UK, Spain and France lagged somewhat behind, together accounting for a further 28%.

The Czech Republic, with a CAGR of +83.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal pickling preparations import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal pickling preparations import price decreased by -28.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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