Ecuador: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Ecuador

In 2023, after two years of growth, there was significant decline in the Ecuadorian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a perceptible expansion. Over the period under review, the market reached the peak level at $X in 2022, and then dropped significantly in the following year.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Ecuador

In 2023, approx. X square meters of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were exported from Ecuador; growing by X% against 2022 figures. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders surged to $X in 2023. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) emerged as the key foreign market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from Ecuador.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

In 2023, the average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per square meter, growing by X% against the previous year. In general, the export price, however, showed a perceptible contraction. The export price peaked at $X per square meter in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Peru amounted to X% per year.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Ecuador

In 2023, the amount of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders imported into Ecuador dropped remarkably to X square meters, waning by X% on the previous year's figure. Overall, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank sharply to $X in 2023. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2022, and then declined markedly in the following year.

Imports by Country

In 2023, Peru (X square meters) was the main supplier of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Ecuador, accounting for a X% share of total imports. Moreover, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Peru exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. The third position in this ranking was taken by the United States (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to Ecuador were Peru ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2023, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price saw a strong increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Peru ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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