Ecuador: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Ecuador

The Ecuadorian solid vulcanised rubber sheet market surged to $X in 2022, with an increase of 26% 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, consumption recorded a relatively flat trend pattern. Solid vulcanised rubber sheet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Ecuador

After two years of decline, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 14% to X tons in 2022. Over the period under review, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,916% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, solid vulcanised rubber sheet exports expanded to $X in 2022. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when exports increased by 1,518% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for solid vulcanised rubber sheet exports from Ecuador, with a 39% share of total exports. Moreover, solid vulcanised rubber sheet exports to Peru exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at +90.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+26.5% per year) and Thailand (+35.2% per year).

In value terms, the largest markets for solid vulcanised rubber sheet exported from Ecuador were Peru ($X), Panama ($X) and Singapore ($X), together comprising 69% of total exports.

Peru, with a CAGR of +79.8%, 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

In 2022, the average solid vulcanised rubber sheet export price amounted to $X per ton, with a decrease of -10.6% against the previous year. In general, the export price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Trinidad and Tobago (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Ecuador

After two years of decline, purchases abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 27% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 74% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 87% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of solid vulcanised rubber sheet to Ecuador, accounting for a 66% share of total imports. Moreover, solid vulcanised rubber sheet imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), tenfold. Brazil (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+7.0% per year) and Brazil (-5.8% per year).

In value terms, China ($X), Brazil ($X) and Belgium ($X) appeared to be the largest solid vulcanised rubber sheet suppliers to Ecuador, together accounting for 61% of total imports. The United States, Indonesia, India, Malaysia and Romania lagged somewhat behind, together accounting for a further 12%.

Malaysia, with a CAGR of +10.2%, saw the highest rates of growth with regard to 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 solid vulcanised rubber sheet import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 22%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :