Ecuador: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Ecuador

For the third consecutive year, the Ecuadorian wood-based panels market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Wood-Based Panels Production in Ecuador

In value terms, wood-based panels production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Wood-based panels production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood-Based Panels Exports

Exports from Ecuador

In 2022, wood-based panels exports from Ecuador stood at X cubic meters, stabilizing at 2021 figures. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, wood-based panels exports skyrocketed to $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Colombia (X cubic meters), Peru (X cubic meters) and the United States (X cubic meters) were the main destinations of wood-based panels exports from Ecuador, with a combined X% share of total exports.

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

In value terms, Colombia ($X), the United States ($X) and Peru ($X) appeared to be the largest markets for wood-based panels exported from Ecuador worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Colombia, 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 wood-based panels export price stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per cubic meter), while the average price for exports to Peru ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Ecuador

In 2022, the amount of wood-based panels imported into Ecuador dropped modestly to X cubic meters, falling by X% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Overall, total imports indicated a mild 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X cubic meters), Chile (X cubic meters) and China (X cubic meters) were the main suppliers of wood-based panels imports to Ecuador, with a combined X% share of total imports. Turkey, Spain and Colombia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wood-based panels suppliers to Ecuador were Brazil ($X), Chile ($X) and China ($X), together accounting for X% of total imports. Turkey, Spain and Colombia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price 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, wood-based panels import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Chile ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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