Ecuador: Soap And Detergent Market 2024

Soap And Detergent Market Size in Ecuador

The Ecuadorian soap and detergent market dropped modestly to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Soap and detergent consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Soap And Detergent Production in Ecuador

In value terms, soap and detergent production reduced to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Soap and detergent production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Soap And Detergent Exports

Exports from Ecuador

For the third year in a row, Ecuador recorded growth in overseas shipments of soap and detergents, which increased by X% to X tons in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, soap and detergent exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Colombia (X tons) and Cuba (X tons) were the main destinations of soap and detergent exports from Ecuador, with a combined X% share of total exports. Panama lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from Ecuador were Peru ($X), Colombia ($X) and Cuba ($X), together accounting for X% of total exports. These countries were followed by Panama, which accounted for a further X%.

Among the main countries of destination, Panama, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average soap and detergent export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, showed a mild contraction. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 (X%), while the prices for the other major destinations experienced a decline.

Soap And Detergent Imports

Imports into Ecuador

For the sixth year in a row, Ecuador recorded growth in purchases abroad of soap and detergents, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, soap and detergent imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Colombia (X tons) constituted the largest soap and detergent supplier to Ecuador, accounting for a X% share of total imports. Moreover, soap and detergent imports from Colombia exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. Guatemala (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Colombia ($X) constituted the largest supplier of soap and detergents to Ecuador, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average soap and detergent import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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