Report Update Nov 1, 2024

Ecuador - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Ecuador

The Ecuadorian vulcanised rubber thread market shrank slightly to $X in 2021, with a decrease of -1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.

Vulcanised Rubber Thread Exports

Exports from Ecuador

After three years of decline, overseas shipments of vulcanised rubber thread and cord decreased by 0% to X kg in 2021. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of 7,100% against the previous year. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports stood at $X in 2021. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 8,350%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for vulcanised rubber thread exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Panama amounted to -10.0%.

From 2013 to 2021, the average annual rate of growth in terms of value to Panama totaled -10.4%.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2013 to 2021, the rate of growth in terms of prices for Panama amounted to -1.4% per year.

Vulcanised Rubber Thread Imports

Imports into Ecuador

In 2021, the amount of vulcanised rubber thread and cord imported into Ecuador fell notably to X tons, with a decrease of -23.1% against the year before. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44%. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, vulcanised rubber thread imports rose rapidly to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 37%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Thailand (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of vulcanised rubber thread imports to Ecuador, together accounting for 47% of total imports. Panama lagged somewhat behind, comprising a further 1.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +43.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vulcanised rubber thread suppliers to Ecuador were Thailand ($X), Malaysia ($X) and China ($X), with a combined 48% share of total imports.

China, with a CAGR of +52.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, rising by 39% against the previous year. Overall, the import price, however, showed a slight contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vulcanised rubber thread and cord in the world?

The country with the largest volume of vulcanised rubber thread consumption was China, accounting for 32% of total volume. Moreover, vulcanised rubber thread consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by the U.S., with a 7.4% share.

What are the largest producers of vulcanised rubber thread and cord in the world?

The country with the largest volume of vulcanised rubber thread production was Thailand, accounting for 49% of total volume. Moreover, vulcanised rubber thread production in Thailand exceeded the figures recorded by the second-largest producer, Malaysia, twofold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of vulcanised rubber thread and cord to Ecuador?

In value terms, Thailand, Malaysia and China appeared to be the largest vulcanised rubber thread suppliers to Ecuador, together accounting for 93% of total imports.

What is the average export price for vulcanised rubber thread and cord in Ecuador?

In 2018, the average vulcanised rubber thread export price amounted to $4,143 per ton, leveling off at the previous year.

What is the average import price for vulcanised rubber thread and cord in Ecuador?

The average vulcanised rubber thread import price stood at $2,659 per ton in 2020, dropping by -23.1% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber thread 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 22192050 - Vulcanised rubber thread and cord

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