Ecuador: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Ecuador

In 2021, the Ecuadorian textile rubber hose market increased by 96% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Textile Rubber Hose Exports

Exports from Ecuador

In 2021, overseas shipments of rubber hose reinforced with textiles decreased by -43% to X kg, falling for the fourth year in a row after two years of growth. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2017 with an increase of 1,010% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile rubber hose exports reduced remarkably to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 747% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Colombia (X kg) and Canada (X kg) were the main destinations of textile rubber hose exports from Ecuador, together comprising 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +74.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for rubber hose reinforced with textiles exports from Ecuador, comprising 53% of total exports. The second position in the ranking was taken by Canada ($X), with a 21% share of total exports. It was followed by Colombia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+84.5% per year) and Colombia (+25.7% per year).

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 38%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Moldova ($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 China (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Ecuador

In 2021, approx. X tons of rubber hose reinforced with textiles were imported into Ecuador; jumping by 82% on the year before. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), the United States (X tons) and China (X tons) were the main suppliers of textile rubber hose imports to Ecuador, together accounting for 61% of total imports. Colombia, Peru, Argentina and Turkey lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose suppliers to Ecuador were Colombia ($X), the United States ($X) and Malaysia ($X), together accounting for 44% of total imports.

Malaysia, with a CAGR of +19.7%, saw the highest growth rate of 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 textile rubber hose import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 20%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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