Ecuador: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Ecuador

The Ecuadorian plastic self-adhesive plate market contracted modestly to $X in 2022, falling by -4.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Self-Adhesive Plate Production in Ecuador

In value terms, plastic self-adhesive plate production fell modestly to $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 117% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Plastic Self-Adhesive Plate Exports

Exports from Ecuador

In 2022, after four years of growth, there was significant decline in shipments abroad of plastic self-adhesive plates, sheets and other flat shapes, when their volume decreased by -35% to X tons. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 394% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, plastic self-adhesive plate exports reduced dramatically to $X in 2022. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by 413%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Colombia (X tons) was the main destination for plastic self-adhesive plate exports from Ecuador, accounting for a 66% share of total exports. Moreover, plastic self-adhesive plate exports to Colombia exceeded the volume sent to the second major destination, Panama (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+109.2% per year) and Peru (+4.0% per year).

In value terms, Colombia ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Ecuador, comprising 63% of total exports. The second position in the ranking was held by Panama ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+86.6% per year) and Peru (-2.2% per year).

Export Prices by Country

The average plastic self-adhesive plate export price stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia ($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 (+2.6%), while the prices for the other major destinations experienced a decline.

Plastic Self-Adhesive Plate Imports

Imports into Ecuador

In 2022, approx. X tons of plastic self-adhesive plates, sheets and other flat shapes were imported into Ecuador; declining by -5.3% compared with the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, plastic self-adhesive plate imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Ecuador, with a 53% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+3.9% per year) and Taiwan (Chinese) (-3.9% per year).

In value terms, China ($X), Colombia ($X) and the United States ($X) constituted the largest plastic self-adhesive plate suppliers to Ecuador, with a combined 68% share of total imports. Taiwan (Chinese), Chile, Brazil and Peru lagged somewhat behind, together comprising a further 17%.

Chile, with a CAGR of +24.9%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average plastic self-adhesive plate import price amounted to $X per ton, dropping by -3.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 8.1% 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 2022, import prices remained at a 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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