Ecuador: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Ecuador

The Ecuadorian pigments, opacifiers and colours market declined rapidly to $X in 2022, falling by -21.9% 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, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Ecuador

After four years of growth, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -9.5% to X tons in 2022. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 376%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 52%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for pigments, opacifiers and colours exports from Ecuador, accounting for a 99% share of total exports. It was followed by Spain (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +72.9%.

In value terms, Colombia ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Ecuador, comprising 82% of total exports. The second position in the ranking was taken by Spain ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +53.9%.

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, picking up by 46% against the previous year. Overall, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 168%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.5%), while the prices for the other major destinations experienced a decline.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Ecuador

Pigments, opacifiers and colours imports into Ecuador contracted markedly to X tons in 2022, shrinking by -24.6% on the previous year. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, pigments, opacifiers and colours imports contracted dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of pigments, opacifiers and colours to Ecuador, with a 46% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+21.6% per year) and China (-19.2% per year).

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Ecuador, comprising 42% of total imports. The second position in the ranking was held by Mexico ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+9.2% per year) and China (-20.5% per year).

Import Prices by Country

In 2022, the average pigments, opacifiers and colours import price amounted to $X per ton, growing by 8.2% against the previous year. In general, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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