Ecuador: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Ecuador

The Ecuadorian market for plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021, increasing by 15% 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, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.5% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Ecuador

In 2021, overseas shipments of plastic plates, sheets, film, foil and strip increased by 48% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Peru (X tons) and Colombia (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Ecuador, together accounting for 70% of total exports. These countries were followed by Venezuela, the Dominican Republic, Honduras, Mexico, Cuba and Brazil, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +110.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Ecuador were Chile ($X), Colombia ($X) and Peru ($X), together accounting for 69% of total exports. Venezuela, the Dominican Republic, Honduras, Mexico, Brazil and Cuba lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Mexico, with a CAGR of +100.7%, 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

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Honduras ($X per ton) and Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) and Cuba ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Ecuador

Imports of plastic plates, sheets, film, foil and strip into Ecuador surged to X tons in 2021, growing by 28% against 2020 figures. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons), China (X tons) and Colombia (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Ecuador, with a combined 66% share of total imports. Chile, Brazil, Italy, Spain, the United States, Taiwan (Chinese), Argentina and Israel lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), China ($X) and Colombia ($X) appeared to be the largest plastic plate, sheet, film, foil and strip suppliers to Ecuador, with a combined 60% share of total imports. These countries were followed by Chile, the United States, Italy, Brazil, Taiwan (Chinese), Spain, Argentina and Israel, which together accounted for a further 24%.

Argentina, with a CAGR of +26.3%, saw the highest growth rate of 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

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, with an increase of 14% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. 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 failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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