Ecuador: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Ecuador

The Ecuadorian rolled bitumen articles market was estimated at $X in 2022, almost unchanged from the previous year. In general, consumption, however, showed a modest expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Ecuador

In value terms, rolled bitumen articles production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports from Ecuador

Rolled bitumen articles exports from Ecuador soared to X square meters in 2022, growing by X% on 2021 figures. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rolled bitumen articles exports surged to $X in 2022. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X square meters) was the main destination for rolled bitumen articles exports from Ecuador, with a X% share of total exports. Moreover, rolled bitumen articles exports to Colombia exceeded the volume sent to the second major destination, Chile (X square meters), threefold. Peru (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Peru (X% per year).

In value terms, Colombia ($X) remains the key foreign market for articles of bitumen in rolls exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Peru (X% per year).

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

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

Rolled Bitumen Articles Imports

Imports into Ecuador

In 2022, approx. X square meters of articles of bitumen in rolls were imported into Ecuador; jumping by X% against the year before. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, rolled bitumen articles imports surged to $X in 2022. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X square meters), Spain (X square meters) and Colombia (X square meters) were the main suppliers of rolled bitumen articles imports to Ecuador, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles suppliers to Ecuador were Italy ($X), Spain ($X) and Colombia ($X), together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average rolled bitumen articles import price amounted to $X per square meter, rising by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price 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, rolled bitumen articles import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Mexico ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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

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