Report Update Nov 1, 2024

Ecuador - Tall Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Tall Oil Market 2024

Tall Oil Market Size in Ecuador

In 2021, the Ecuadorian tall oil market decreased by -1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.5% against 2017 indices. Tall oil consumption peaked at $X in 2020, and then declined slightly in the following year.

Tall Oil Production in Ecuador

In value terms, tall oil production reduced slightly to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.3% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 41%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Tall Oil Exports

Exports from Ecuador

In 2015, the amount of tall oil exported from Ecuador surged to X tons, rising by 1,607% on 2014 figures. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tall oil exports skyrocketed to $X in 2015. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Angola (X tons) was the main destination for tall oil exports from Ecuador, with a 88% share of total exports. Moreover, tall oil exports to Angola exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), eightfold.

From 2014 to 2015, the average annual growth rate of volume to Angola was relatively modest.

In value terms, Angola ($X) emerged as the key foreign market for tall oil exports from Ecuador, comprising 77% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 23% share of total exports.

From 2014 to 2015, the average annual rate of growth in terms of value to Angola was relatively modest.

Export Prices by Country

The average tall oil export price stood at $X per ton in 2015, reducing by -49.5% against the previous year. Over the period under review, the export price saw a sharp decrease. The export price peaked at $X per ton in 2014, and then shrank sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2015, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Angola totaled $X per ton.

From 2014 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-0.5%).

Tall Oil Imports

Imports into Ecuador

In 2021, overseas purchases of tall oil decreased by -4.7% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 989% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, tall oil imports amounted to $X in 2021. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 649% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of tall oil to Ecuador, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +21.3%.

In value terms, the United States ($X) constituted the largest supplier of tall oil to Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +16.8%.

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, rising by 5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 40%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tall oil in the world?

The countries with the highest volumes of tall oil consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. Japan, Germany, Russia, Nigeria, Brazil, the UK, Canada and Turkey lagged somewhat behind, together comprising a further 27%.

What are the largest producers of tall oil in the world?

The countries with the highest volumes of tall oil production in 2021 were China, the United States and India, together comprising 48% of global production. Japan, Russia, Germany, Brazil, Nigeria, the UK, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of tall oil to Ecuador?

In value terms, the United States constituted the largest supplier of tall oil to Ecuador.

What are the leading importers of tall oil from Ecuador?

In value terms, Angola emerged as the key foreign market for tall oil exports from Ecuador, comprising 77% of total exports. The second position in the ranking was occupied by Cote d'Ivoire, with a 23% share of total exports.

What is the average export price for tall oil in Ecuador?

In 2015, the average tall oil export price amounted to $2,758 per ton, growing by 26% against the previous year.

What is the average import price for tall oil in Ecuador?

The average tall oil import price stood at $1,023 per ton in 2021, with a decrease of -5.8% against the previous year.

This report provides an in-depth analysis of the tall oil market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147130 - Tall oil, whether or not refined

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023