Ecuador: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Ecuador

For the third consecutive year, the Ecuadorian metal advertising sign market recorded decline in sales value, which decreased by X% to $X in 2020. In general, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market remained at a lower figure.

Metal Advertising Sign Production in Ecuador

In value terms, metal advertising sign production reduced to $X in 2020 estimated in export price. Over the period under review, production, however, saw slight growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

Metal Advertising Sign Exports

Exports from Ecuador

In 2020, approx. X kg of metal advertising signs were exported from Ecuador; remaining stable against 2019. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, metal advertising sign exports totaled $X in 2020. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for metal advertising sign exports from Ecuador, accounting for a X% share of total exports. Moreover, metal advertising sign exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

In value terms, Colombia ($X) emerged as the key foreign market for metal advertising signs exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2020, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Ecuador

In 2020, approx. X tons of metal advertising signs were imported into Ecuador; with a decrease of X% compared with 2019. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2020, the growth of imports failed to regain momentum.

In value terms, metal advertising sign imports reduced markedly to $X in 2020. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2020, the growth of imports failed to regain momentum.

Imports by Country

In 2020, China (X tons) constituted the largest metal advertising sign supplier to Ecuador, accounting for a X% share of total imports. Moreover, metal advertising sign imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Poland (X% per year).

In value terms, the largest metal advertising sign suppliers to Ecuador were China ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports. Poland, Germany, Spain, Colombia and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded 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 2020, the average metal advertising sign import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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