Ecuador: Safety Glass Market 2024

Safety Glass Market Size in Ecuador

The Ecuadorian safety glass market reduced to $X in 2022, with a decrease of -10.9% against the previous year. Overall, consumption saw a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Safety Glass Production in Ecuador

In value terms, safety glass production fell modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 39%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Safety Glass Exports

Exports from Ecuador

Safety glass exports from Ecuador contracted to X square meters in 2022, which is down by -1.9% compared with the year before. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2021, and then shrank slightly in the following year.

In value terms, safety glass exports fell to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Colombia (X square meters), Mexico (X square meters) and Peru (X square meters) were the main destinations of safety glass exports from Ecuador, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +36.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X), Mexico ($X) and Peru ($X) appeared to be the largest markets for safety glass exported from Ecuador worldwide, with a combined 100% share of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2021, dropping by -8.8% against the previous year. Over the period under review, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while the average price for exports to Colombia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.7%), while the prices for the other major destinations experienced a decline.

Safety Glass Imports

Imports into Ecuador

In 2022, approx. X square meters of safety glass were imported into Ecuador; with a decrease of -3.7% on the previous year. Overall, imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. As a result, imports reached the peak of X square meters, and then reduced in the following year.

In value terms, safety glass imports declined to $X in 2022. Over the period under review, imports showed a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 57%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest safety glass supplier to Ecuador, accounting for a 68% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Chile (X square meters), fourfold. The third position in this ranking was held by Saudi Arabia (X square meters), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+6.9% per year) and Saudi Arabia (0.0% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Ecuador, comprising 68% of total imports. The second position in the ranking was taken by Colombia ($X), with a 24% share of total imports. It was followed by Chile, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-10.4% per year) and Chile (+8.9% per year).

Import Prices by Country

In 2021, the average safety glass import price amounted to $X per square meter, shrinking by -8.4% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the average import prices failed to regain momentum.

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 ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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