Ecuador: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Ecuador

In 2021, the Ecuadorian non-cellular polyethylene film market increased by 32% to $X, rising for the fifth year in a row after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.5% against 2016 indices. Non-cellular polyethylene film consumption peaked in 2021 and is expected to retain growth in the immediate term.

Non-Cellular Polyethylene Film Exports

Exports from Ecuador

Non-cellular polyethylene film exports from Ecuador soared to X tons in 2021, jumping by 162% on the year before. In general, exports, however, continue to indicate a mild curtailment. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-cellular polyethylene film exports surged to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Peru (X tons) and Mexico (X tons) were the main destinations of non-cellular polyethylene film exports from Ecuador, together comprising 77% of total exports. The United States, Venezuela, Chile, Honduras, Guatemala and Cuba lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Honduras (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Venezuela ($X) were the largest markets for non-cellular polyethylene film exported from Ecuador worldwide, with a combined 82% share of total exports. These countries were followed by the United States, Chile, Mexico, Honduras, Guatemala and Cuba, which together accounted for a further 14%.

Honduras, with a CAGR of +79.0%, saw the highest growth rate of 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 non-cellular polyethylene film export price stood at $X per ton in 2021, waning by -21.9% against the previous year. Over the period under review, the export price showed a mild decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 27%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Mexico ($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 Chile (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polyethylene Film Imports

Imports into Ecuador

In 2021, approx. X tons of non-cellular polyethylene films, sheets, foil and strip were imported into Ecuador; with an increase of 28% on the year before. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-cellular polyethylene film imports soared to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

In 2021, Peru (X tons) constituted the largest supplier of non-cellular polyethylene film to Ecuador, with a 38% share of total imports. Moreover, non-cellular polyethylene film imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. Chile (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+2.2% per year) and Chile (+13.7% per year).

In value terms, Peru ($X), Colombia ($X) and Chile ($X) were the largest non-cellular polyethylene film suppliers to Ecuador, together comprising 66% of total imports. These countries were followed by Italy, China, Spain, Canada, the United States, Israel and Brazil, which together accounted for a further 25%.

Italy, with a CAGR of +35.8%, saw 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

The average non-cellular polyethylene film import price stood at $X per ton in 2021, surging by 9.8% against the previous year. Overall, the import price, however, recorded 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 stood at a somewhat lower figure.

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 ($X per ton), while the price for Brazil ($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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :