Ecuador: Plastic Support Market 2024

Plastic Support Market Size in Ecuador

The Ecuadorian plastic support market rose modestly to $X in 2022, growing by 3.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in Ecuador

In value terms, plastic support production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15% against the previous year. Plastic support production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports from Ecuador

In 2022, the amount of spools, cops and similar supports of plastics exported from Ecuador contracted to X tons, with a decrease of -10.2% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, plastic support exports reduced to $X in 2022. Over the period under review, exports saw a slight descent. The pace of growth appeared the most rapid in 2017 when exports increased by 28%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X tons), Colombia (X tons) and the United States (X tons) were the main destinations of plastic support exports from Ecuador, together accounting for 76% of total exports. Chile, Panama, Cuba, El Salvador and Venezuela lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +37.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Chile ($X) were the largest markets for plastic support exported from Ecuador worldwide, with a combined 77% share of total exports. Panama, the United States, El Salvador, Cuba and Venezuela lagged somewhat behind, together accounting for a further 19%.

El Salvador, with a CAGR of +33.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, rising by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 10%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($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 (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Ecuador

Plastic support imports into Ecuador contracted slightly to X tons in 2022, with a decrease of -3.4% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X tons), Colombia (X tons) and Brazil (X tons) were the main suppliers of plastic support imports to Ecuador, together accounting for 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Mexico ($X) and Brazil ($X) constituted the largest plastic support suppliers to Ecuador, with a combined 60% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic support import price stood at $X per ton in 2022, shrinking by -4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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