Ecuador: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Ecuador

The Ecuadorian market for pure polyvinyl chloride in primary forms reduced rapidly to $X in 2022, shrinking by -24% 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, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +45.3% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Ecuador

In 2022, exports of pure polyvinyl chloride in primary forms from Ecuador contracted to X tons, dropping by -10% against the previous year. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 719% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 635%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Sudan (X tons), Peru (X tons) and Poland (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Ecuador, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +73.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for pure polyvinyl chloride in primary forms exports from Ecuador, comprising 54% of total exports. The second position in the ranking was held by Sudan ($X), with a 23% share of total exports. It was followed by Poland, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+33.6% per year) and Poland (0.0% per year).

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -16.2% against the previous year. Over the period under review, the export price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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 India (+32.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Ecuador

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were imported into Ecuador; which is down by -13.9% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms contracted markedly to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 126%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest pure polyvinyl chloride in primary forms supplier to Ecuador, with a 65% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+9.2% per year) and China (+18.3% per year).

In value terms, the United States ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Ecuador, comprising 65% of total imports. The second position in the ranking was held by Colombia ($X), with a 14% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+11.3% per year) and China (+25.4% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, dropping by -16.2% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +44.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell significantly in the following year.

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 Colombia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :