Ecuador: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Ecuador

In 2021, the Ecuadorian rubber tube and pipe market increased by 50% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Rubber tube and pipe consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Ecuador

In value terms, rubber tube and pipe production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Ecuador

In 2021, after three years of decline, there was significant growth in overseas shipments of tubes, pipes and hoses of vulcanized rubber, when their volume increased by 226% to X tons. In general, exports posted a tangible increase. The most prominent rate of growth was recorded in 2013 with an increase of 292%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 671%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of rubber tube and pipe exports from Ecuador, together accounting for 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +108.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Ecuador, comprising 48% of total exports. The second position in the ranking was taken by Peru ($X), with a 13% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+14.6% per year) and Mexico (+149.1% per year).

Export Prices by Country

In 2021, the average rubber tube and pipe export price amounted to $X per ton, dropping by -17.7% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 96%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then reduced markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+1,095.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Ecuador

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber was finally on the rise to reach X tons after three years of decline. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber tube and pipe to Ecuador, accounting for a 53% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.4% per year) and Malaysia (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Ecuador, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Japan, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.7% per year) and Japan (+33.5% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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