Ecuador: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Ecuador

In 2021, the Ecuadorian glass fibre mat market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, saw a buoyant expansion. Glass fibre mat consumption peaked at $X in 2020, and then shrank notably in the following year.

Glass Fibre Mat Exports

Exports from Ecuador

In 2021, shipments abroad of glass fibre mats increased by X% to X kg, rising for the fourth year in a row after two years of decline. In general, exports, however, showed a deep slump. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports stood at $X in 2021. Overall, exports, however, showed a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for glass fibre mat exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland amounted to -X%.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland amounted to -X%.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2021, picking up by less than X% against the previous year. In general, the export price, however, faced a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to -X% per year.

Glass Fibre Mat Imports

Imports into Ecuador

In 2021, purchases abroad of glass fibre mats decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, glass fibre mat imports fell dramatically to $X in 2021. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre mat to Ecuador, with a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mat to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-X% per year) and Egypt (X% per year).

Import Prices by Country

In 2021, the average glass fibre mat import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :