Ecuador - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyethylene in Primary Forms in Ecuador - 2022
Contents:
- Price for Polyethylene in Primary Forms in Ecuador (CIF) - 2022
- Price for Polyethylene in Primary Forms in Ecuador (FOB) - 2022
- Imports of Polyethylene in Primary Forms in Ecuador
- Exports of Polyethylene in Primary Forms in Ecuador
Price for Polyethylene in Primary Forms in Ecuador (CIF) - 2022
The average polyethylene in primary forms import price stood at $1,791 per ton in January 2022, with a decrease of -6.6% against the previous month. Over the period under review, import price indicated moderate growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, polyethylene in primary forms import price decreased by -6.6% against December 2021 indices. The most prominent rate of growth was recorded in May 2021 an increase of 16% m-o-m. The import price peaked at $1,928 per ton in July 2021; however, from August 2021 to January 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the highest price was recorded for prices from Mexico ($1,894 per ton) and South Korea ($1,881 per ton), while the price for China ($1,640 per ton) and Brazil ($1,710 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyethylene in Primary Forms in Ecuador (FOB) - 2022
The average polyethylene in primary forms export price stood at $1,027 per ton in January 2022, rising by 2.7% against the previous month. Overall, export price indicated a moderate increase from January 2021 to January 2022: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, polyethylene in primary forms export price increased by +3.1% against November 2021 indices. The most prominent rate of growth was recorded in April 2021 an increase of 51% against the previous month. The export price peaked at $1,313 per ton in June 2021; however, from July 2021 to January 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($1,450 per ton), while the average price for exports to Colombia ($812 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyethylene in Primary Forms in Ecuador
For the fourth year in a row, Ecuador recorded growth in overseas purchases of polyethylene in primary forms, which increased by 9.3% to 176K tons in 2022. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, polyethylene in primary forms imports rose to $278M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
Import of Polyethylene in Primary Forms in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 85.4 | 88.6 | 123 | 96.8 | 4.3% |
Brazil | 39.1 | 20.9 | 41.4 | 32.5 | -6.0% |
South Korea | 2.5 | 5.0 | 25.5 | 20.1 | 100.3% |
Mexico | 8.4 | 20.1 | 17.4 | 13.7 | 17.7% |
Saudi Arabia | 5.4 | 2.5 | 11.5 | 9.1 | 19.0% |
China | 4.7 | 2.3 | 10.8 | 8.5 | 21.8% |
Thailand | 0.4 | 0.1 | 7.1 | 5.6 | 141.0% |
Vietnam | 0.2 | 0.2 | 5.1 | 4.0 | 171.4% |
Others | 11.6 | 12.4 | 30.8 | 87.4 | 96.0% |
Total | 158 | 152 | 273 | 278 | 20.7% |
Top Suppliers of Polyethylene in Primary Forms to Ecuador in 2022:
- United States (68.0K tons)
- Brazil (22.9K tons)
- South Korea (12.3K tons)
- Mexico (9.7K tons)
- Saudi Arabia (5.4K tons)
- China (5.1K tons)
- Thailand (3.6K tons)
- Vietnam (2.5K tons)
Exports of Polyethylene in Primary Forms in Ecuador
In 2022, shipments abroad of polyethylene in primary forms decreased by -34.6% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 113%. As a result, the exports reached the peak of 2.6K tons, and then contracted markedly in the following year.
In value terms, polyethylene in primary forms exports shrank significantly to $2M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 220% against the previous year. As a result, the exports attained the peak of $2.8M, and then reduced sharply in the following year.
Export of Polyethylene in Primary Forms in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 289 | 304 | 824 | 520 | 21.6% |
Peru | 455 | 350 | 788 | 498 | 3.1% |
Colombia | 61.7 | 22.6 | 546 | 345 | 77.5% |
Dominican Republic | N/A | 174 | 193 | N/A | 10.9% |
Mexico | N/A | 30.6 | 23.5 | N/A | -23.2% |
Others | 0.2 | 0.4 | 442 | 603 | 1344.6% |
Total | 806 | 881 | 2,817 | 1,967 | 34.6% |
Top Export Markets for Polyethylene in Primary Forms from Ecuador in 2022:
- Peru (339.3 tons)
- Guatemala (331.2 tons)
- Colombia (299.4 tons)
This report provides an in-depth analysis of the market for polyethylene in primary forms 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
- Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
- Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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