Ecuador: Propylene Glycol Market 2025

Propylene Glycol Market Size in Ecuador

The Ecuadorian propylene glycol market dropped rapidly to $X in 2022, which is down by -35.5% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Propylene Glycol Exports

Exports from Ecuador

In 2022, approx. X kg of propylene glycol (propane-1,2-diol) were exported from Ecuador; waning by -8.5% compared with the previous year. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 533% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propylene glycol exports declined significantly to $X in 2022. Over the period under review, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 433% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for propylene glycol exports from Ecuador, accounting for a 87% share of total exports. Moreover, propylene glycol exports to Colombia exceeded the volume sent to the second major destination, Peru (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled -11.8%.

In value terms, Colombia ($X) remains the key foreign market for propylene glycol (propane-1,2-diol) exports from Ecuador, comprising 92% of total exports. The second position in the ranking was held by Peru ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -15.6%.

Export Prices by Country

The average propylene glycol export price stood at $X per ton in 2022, falling by -11.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-3.4%).

Propylene Glycol Imports

Imports into Ecuador

In 2022, the amount of propylene glycol (propane-1,2-diol) imported into Ecuador fell sharply to X tons, shrinking by -43.9% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, propylene glycol imports reduced remarkably to $X in 2022. Overall, imports, however, recorded a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of 195%. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of propylene glycol to Ecuador, accounting for a 63% share of total imports. Moreover, propylene glycol imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-8.3% per year) and the United States (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of propylene glycol (propane-1,2-diol) to Ecuador, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Colombia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Colombia (-8.7% per year).

Import Prices by Country

In 2022, the average propylene glycol import price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene glycol import price increased by +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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