Ecuador: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Ecuador

The Ecuadorian market for wood boxes, crates and cable drums surged to $X in 2022, jumping by X% 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 posted strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Ecuador

After two years of decline, overseas shipments of wood boxes, crates and cable drums increased by X% to X units in 2022. Overall, exports showed moderate growth. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, wood box and cable drum exports soared to $X in 2022. Over the period under review, exports saw a buoyant increase. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wood box and cable drum exports from Ecuador, with a X% share of total exports. Moreover, wood box and cable drum exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold. Panama (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Panama (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for wood boxes, crates and cable drums exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Panama ($X per unit) and Guatemala ($X per unit), while the average price for exports to the UK ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Imports of Wood Boxes, Crates and Cable Drums

Imports into Ecuador

In 2022, the amount of wood boxes, crates and cable drums imported into Ecuador soared to X units, increasing by X% on the year before. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wood box and cable drum imports soared to $X in 2022. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of wood box and cable drum to Ecuador, accounting for a X% share of total imports. Moreover, wood box and cable drum imports from Brazil exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of wood boxes, crates and cable drums to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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