Ecuador: Market for Plastics Bidets, Lavatory Pans and Flushing Cisterns 2024

Market Size for Plastics Bidets, Lavatory Pans and Flushing Cisterns in Ecuador

The Ecuadorian market for plastics bidets, lavatory pans and flushing cisterns rose slightly to $X in 2021, picking up by 4.2% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 -6.2% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Plastics Bidets, Lavatory Pans and Flushing Cisterns in Ecuador

In value terms, production of plastics bidets, lavatory pans and flushing cisterns expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 23%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Exports from Ecuador

In 2021, overseas shipments of plastics bidets, lavatory pans and flushing cisterns decreased by -89.5% to X units, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 185% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastics bidets, lavatory pans and flushing cisterns dropped sharply to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 329%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units), Trinidad and Tobago (X units) and Saint Kitts and Nevis (X units) were the main destinations of exports of plastics bidets, lavatory pans and flushing cisterns from Ecuador, together accounting for 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saint Kitts and Nevis (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for plastics bidets, lavatory pans and flushing cisterns exports from Ecuador, comprising 49% of total exports. The second position in the ranking was taken by Panama ($X), with a 21% share of total exports. It was followed by Saint Kitts and Nevis, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+24.6% per year) and Saint Kitts and Nevis (+39.7% per year).

Export Prices by Country

In 2021, the average export price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, picking up by 6.5% against the previous year. In general, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 125% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Imports into Ecuador

In 2021, supplies from abroad of plastics bidets, lavatory pans and flushing cisterns decreased by -45.6% to X units, falling for the second year in a row after three years of growth. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastics bidets, lavatory pans and flushing cisterns declined dramatically to $X in 2021. Over the period under review, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by 47% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of plastics bidets, lavatory pans and flushing cisterns to Ecuador, accounting for a 92% share of total imports. Moreover, imports of plastics bidets, lavatory pans and flushing cisterns from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.1% per year) and the United States (-37.9% per year).

In value terms, China ($X) constituted the largest supplier of plastics bidets, lavatory pans and flushing cisterns to Ecuador, comprising 86% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+19.7% per year) and the United States (-29.6% per year).

Import Prices by Country

The average import price for plastics bidets, lavatory pans and flushing cisterns stood at $X per unit in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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