Ecuador: Amino-Resin Market 2024

Amino-Resin Market Size in Ecuador

The Ecuadorian amino-resin market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a buoyant expansion. Amino-resin consumption peaked at $X in 2021, and then fell slightly in the following year.

Amino-Resin Exports

Exports from Ecuador

After two years of decline, overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons in 2022. In general, exports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports soared to $X in 2022. Over the period under review, exports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Paraguay (X tons) and Peru (X tons) were the main destinations of amino-resin exports from Ecuador, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for amino-resin exported from Ecuador were Paraguay ($X), Colombia ($X) and Peru ($X), together accounting for X% of total exports.

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

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

Amino-Resin Imports

Imports into Ecuador

In 2022, purchases abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, amino-resin imports expanded modestly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of amino-resin to Ecuador, with a X% share of total imports. Moreover, amino-resin imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Colombia (X tons), with a X% share.

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

In value terms, the United States ($X), China ($X) and Peru ($X) appeared to be the largest amino-resin suppliers to Ecuador, with a combined X% share of total imports.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 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 South Korea ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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