Ecuador: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Ecuador

In 2021, the Ecuadorian ethylene polymer rigid pipes market increased by 161% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Ecuador

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene increased by 182% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 3,694% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. In general, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2015 with an increase of 4,453%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for ethylene polymer rigid pipes exports from Ecuador, accounting for a 78% share of total exports. Moreover, ethylene polymer rigid pipes exports to Canada exceeded the volume sent to the second major destination, Slovenia (X kg), more than tenfold. Bolivia (X kg) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+38.9% per year) and Bolivia (-10.0% per year).

In value terms, Canada ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Ecuador, comprising 62% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+2.4% per year) and the United States (+47.3% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, rising by 24% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($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 Bolivia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Ecuador

After two years of decline, supplies from abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 120% to X tons in 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 327% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 231%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Colombia (X tons) and Spain (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Ecuador, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +59.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Ecuador, comprising 47% of total imports. The second position in the ranking was taken by Colombia ($X), with a 19% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+24.5% per year) and Spain (+46.6% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, picking up by 29% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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