Ecuador: Wood Barrel Market 2024

Wood Barrel Market Size in Ecuador

The Ecuadorian wood barrel market declined rapidly to $X in 2022, reducing 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 faced a sharp setback. Wood barrel consumption peaked at $X in 2021, and then fell notably in the following year.

Wood Barrel Exports

Exports from Ecuador

Wood barrel exports from Ecuador surged to X units in 2022, jumping by X% against 2021 figures. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood barrel exports reduced rapidly to $X in 2022. In general, exports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for wood barrel exports from Ecuador, accounting for a X% share of total exports. Moreover, wood barrel exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Dominican Republic (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports.

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: the Dominican Republic (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Wood Barrel Imports

Imports into Ecuador

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood imported into Ecuador fell sharply to X units, which is down by X% compared with 2021 figures. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, wood barrel imports dropped remarkably to $X in 2022. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of wood barrel to Ecuador, with a X% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), ninefold. The third position in this ranking was held by France (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and France (X% per year).

In value terms, the United States ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Ecuador, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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