Ecuador: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Ecuador

In 2022, the Ecuadorian market for wood pellets and other agglomerates decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced contraction. Wood pellets and other agglomerates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Pellets And Other Agglomerates in Ecuador

In value terms, wood pellets and other agglomerates production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Wood Pellets And Other Agglomerates

Exports from Ecuador

In 2022, exports of wood pellets and other agglomerates from Ecuador skyrocketed to X tons, jumping by X% on the previous year's figure. Overall, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood pellets and other agglomerates exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for wood pellets and other agglomerates exports from Ecuador, accounting for a X% share of total exports. Moreover, wood pellets and other agglomerates exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for wood pellets and other agglomerates exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average export price for wood pellets and other agglomerates stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

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

Imports of Wood Pellets And Other Agglomerates

Imports into Ecuador

For the third consecutive year, Ecuador recorded growth in overseas purchases of wood pellets and other agglomerates, which increased by X% to X tons in 2022. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, wood pellets and other agglomerates imports soared to $X in 2022. Overall, imports, however, recorded a mild contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest wood pellets and other agglomerates supplier to Ecuador, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of wood pellets and other agglomerates to Ecuador, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The average import price for wood pellets and other agglomerates stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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