Ecuador: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Ecuador

The Ecuadorian market for plastics pipes and pipe fittings declined modestly to $X in 2022, which is down by -3.3% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.4% against 2020 indices. Plastics pipe and pipe fitting consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Ecuador

In value terms, plastics pipe and pipe fitting production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.8% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Ecuador

In 2022, the amount of plastics pipes and pipe fittings exported from Ecuador surged to X tons, increasing by 34% compared with the previous year. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 1,199%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports soared to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 610% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons), the United States (X tons) and Panama (X tons) were the main destinations of plastics pipe and pipe fitting exports from Ecuador, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +168.6%), while the other leaders experienced a decline.

In value terms, Peru ($X), the United States ($X) and Panama ($X) were the largest markets for plastics pipe and pipe fitting exported from Ecuador worldwide, together comprising 96% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +155.2%, 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 a decline.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, reducing by -9.8% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price decreased by -28.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56%. As a result, the export price attained the peak level of $X per ton. From 2020 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 Panama ($X per ton), while the average price for exports to Peru ($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 Panama (+10.3%), while the prices for the other major destinations experienced a decline.

Imports of Plastics Pipes And Pipe Fittings

Imports into Ecuador

Plastics pipe and pipe fitting imports into Ecuador dropped remarkably to X tons in 2022, shrinking by -17.2% on the previous year. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by 96%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports contracted remarkably to $X in 2022. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 62%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Colombia (X tons) and Argentina (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Ecuador, together comprising 55% of total imports. Turkey, Italy, Peru, the United States, Chile, Brazil, Spain and South Korea lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Ecuador were China ($X), Argentina ($X) and Colombia ($X), with a combined 48% share of total imports. The United States, Italy, Brazil, Spain, Chile, Turkey, Peru and South Korea lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Turkey, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :