Ecuador: Sack And Bag Market 2024

Sack And Bag Market Size in Ecuador

The Ecuadorian sack and bag market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Sack and bag consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sack And Bag Production in Ecuador

In value terms, sack and bag production reached $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decline. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in shipments abroad of sacks and bags, when their volume decreased by X% to X tons. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sack and bag exports contracted sharply to $X in 2022. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for sack and bag exports from Ecuador, with a X% share of total exports. Moreover, sack and bag exports to Colombia exceeded the volume sent to the second major destination, Mexico (X tons), eightfold. Chile (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Chile (X% per year).

In value terms, Colombia ($X) remains the key foreign market for sacks and bags exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average sack and bag export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Colombia ($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 Venezuela (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sack And Bag Imports

Imports into Ecuador

In 2022, approx. X tons of sacks and bags were imported into Ecuador; which is down by X% on 2021 figures. Overall, imports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, sack and bag imports declined significantly to $X in 2022. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of sack and bag to Ecuador, with a X% share of total imports. Moreover, sack and bag imports from India exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Colombia (X% per year).

In value terms, the largest sack and bag suppliers to Ecuador were India ($X), Peru ($X) and Colombia ($X), together comprising X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to 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 sack and bag import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. 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 Peru ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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