Ecuador: Plastic Box Market 2024

Plastic Box Market Size in Ecuador

The Ecuadorian plastic box market stood at $X in 2022, growing by 3.2% against the previous year. In general, consumption saw a relatively flat trend pattern. Plastic box consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Box Production in Ecuador

In value terms, plastic box production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 33%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Box Exports

Exports from Ecuador

In 2022, the amount of plastic boxes, cases, crates and similar packing articles exported from Ecuador reduced to X tons, falling by -8.1% compared with the previous year. In general, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic box exports fell to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 77%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for plastic box exports from Ecuador, with a 39% share of total exports. Moreover, plastic box exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-3.1% per year) and Colombia (+2.7% per year).

In value terms, the largest markets for plastic box exported from Ecuador were Peru ($X), Chile ($X) and Nicaragua ($X), together accounting for 65% of total exports.

In terms of the main countries of destination, Nicaragua, with a CAGR of +75.0%, saw the highest rates of growth with regard to 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

In 2022, the average plastic box export price amounted to $X per ton, which is down by -4.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Ecuador

Plastic box imports into Ecuador declined to X tons in 2022, with a decrease of -7.6% compared with the previous year. Overall, imports showed a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by 42%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic box imports contracted to $X in 2022. Over the period under review, imports saw a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic box supplier to Ecuador, accounting for a 42% share of total imports. Moreover, plastic box imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+6.1% per year) and Colombia (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to Ecuador, comprising 36% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+2.8% per year) and Colombia (-1.2% per year).

Import Prices by Country

The average plastic box import price stood at $X per ton in 2022, waning by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+30.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :