Ecuador: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Ecuador

In 2021, the Ecuadorian lamp plastic parts market decreased by -54.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a deep downturn. Lamp plastic parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Ecuador

After two years of growth, overseas shipments of plastic parts for lamps and lighting fittings decreased by -54.8% to X kg in 2021. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 793% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lamp plastic parts exports shrank sharply to $X in 2021. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 980%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for lamp plastic parts exports from Ecuador, with a 58% share of total exports. Moreover, lamp plastic parts exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+5.8% per year) and Canada (+8.0% per year).

In value terms, Colombia ($X), Canada ($X) and Costa Rica ($X) were the largest markets for lamp plastic parts exported from Ecuador worldwide, with a combined 100% share of total exports.

Colombia, with a CAGR of +69.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average lamp plastic parts export price stood at $X per ton in 2021, which is down by -30.8% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 741% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Costa Rica ($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 Singapore (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Ecuador

In 2021, after two years of growth, there was significant decline in purchases abroad of plastic parts for lamps and lighting fittings, when their volume decreased by -53.3% to X tons. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 151% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports reduced remarkably to $X in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 85%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Ecuador, accounting for a 89% share of total imports. It was followed by Argentina (X kg), with a 1.6% share of total imports. Costa Rica (X kg) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-32.2% per year) and Costa Rica (+41.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Ecuador, comprising 47% of total imports. The second position in the ranking was held by Argentina ($X), with a 5.2% share of total imports. It was followed by Costa Rica, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-25.6% per year) and Costa Rica (+69.5% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, reducing by -4.4% against the previous year. In general, the import price showed a mild slump. The growth pace was the most rapid in 2013 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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