Ecuador: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Ecuador

The Ecuadorian market for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X in 2022, with an increase of 2% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2018 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Ecuador

In value terms, vinyl chloride polymer rigid pipes production reached $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Ecuador

Vinyl chloride polymer rigid pipes exports from Ecuador soared to X tons in 2022, with an increase of 44% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 2,143% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 1,685%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons), the United States (X tons) and Panama (X kg) were the main destinations of vinyl chloride polymer rigid pipes exports from Ecuador, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +1,891.1%), while the other leaders experienced a decline.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Ecuador were Peru ($X), the United States ($X) and Panama ($X), together comprising 96% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +2,044.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, waning by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 an increase of 40%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru ($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 Panama (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Ecuador

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were imported into Ecuador; with a decrease of -20.1% against 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 174% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports dropped notably to $X in 2022. Overall, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by 176% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Ecuador, with a 37% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Peru exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+65.7% per year) and China (-14.0% per year).

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Ecuador were Peru ($X), Colombia ($X) and South Korea ($X), together comprising 49% of total imports. Italy, China, Austria, the United States, Turkey, Chile and Brazil lagged somewhat behind, together accounting for a further 46%.

Italy, with a CAGR of +48.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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