Ecuador: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Ecuador

For the fourth consecutive year, the Ecuadorian wood chips and particles market recorded growth in sales value, which increased by 4.6% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips And Particles in Ecuador

In value terms, wood chips and particles production stood at $X in 2022 estimated in export price. Overall, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Wood chips and particles production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Ecuador

In 2022, exports of wood chips and particles from Ecuador contracted modestly to X cubic meters, reducing by -3.7% against the previous year's figure. In general, exports recorded a slight slump. The most prominent rate of growth was recorded in 2016 when exports increased by 159%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports declined modestly to $X in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 193% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X cubic meters) was the main destination for wood chips and particles exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at -1.5%.

In value terms, Japan ($X) also remains the key foreign market for wood chips and particles exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled -4.2%.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, almost unchanged from the previous year. In general, the export price, however, saw a mild reduction. The growth pace was the most rapid in 2016 an increase of 13%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, 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 Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -2.7% per year.

Imports of Wood Chips And Particles

Imports into Ecuador

Wood chips and particles imports into Ecuador dropped rapidly to X cubic meters in 2022, reducing by -23.1% on 2021 figures. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 250% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports soared to $X in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 548% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest wood chips and particles supplier to Ecuador, accounting for a 55% share of total imports. Moreover, wood chips and particles imports from the United States exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Chile (+5.2% per year).

In value terms, the United States ($X) constituted the largest supplier of wood chips and particles to Ecuador, comprising 79% of total imports. The second position in the ranking was held by Chile ($X), with a 7.9% share of total imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+35.4% per year) and Germany (+34.0% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, growing by 72% against the previous year. In general, the import price posted a measured increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 110% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Poland ($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 the United States (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform