Ecuador: Aluminium Hydroxide Market 2022

Aluminium Hydroxide Market Size in Ecuador

In 2021, the Ecuadorian aluminium hydroxide market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Aluminium hydroxide consumption peaked in 2021 and is expected to retain growth in years to come.

Aluminium Hydroxide Production in Ecuador

In value terms, aluminium hydroxide production stood at $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aluminium Hydroxide Exports

Exports from Ecuador

In 2021, shipments abroad of aluminium hydroxide increased by X% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium hydroxide exports skyrocketed to $X in 2021. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for aluminium hydroxide exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +X%.

In value terms, Colombia ($X) also remains the key foreign market for aluminium hydroxide exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +X%.

Export Prices by Country

The average aluminium hydroxide export price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Colombia.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to -X% per year.

Aluminium Hydroxide Imports

Imports into Ecuador

In 2021, approx. X tons of aluminium hydroxide were imported into Ecuador; surging by X% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, aluminium hydroxide imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a slight curtailment. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Romania (X tons) constituted the largest supplier of aluminium hydroxide to Ecuador, with a X% share of total imports. Moreover, aluminium hydroxide imports from Romania exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Romania amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Turkey (-X% per year).

In value terms, Romania ($X) constituted the largest supplier of aluminium hydroxide to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Romania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2021, the average aluminium hydroxide import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Colombia ($X per ton) and Russia ($X per ton), while the price for Turkey ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform