Ecuador: Overview of the Market for Natural Rubber And Gums 2021

Market Size for Natural Rubber And Gums in Ecuador

In 2019, the Ecuadorian natural rubber and gum market decreased by -X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, the total consumption indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Natural rubber and gum consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Production of Natural Rubber And Gums in Ecuador

In value terms, natural rubber and gum production fell slightly to $X in 2019 estimated in export prices. In general, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Natural rubber and gum production peaked at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

The average yield of natural rubber and gums in Ecuador totaled X tonnes per ha in 2019, approximately equating the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the yield increased by X% y-o-y. The natural rubber and gum yield peaked at X tonnes per ha in 2014; however, from 2015 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of natural rubber and gums production in Ecuador was estimated at X ha, with an increase of X% against 2018 figures. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The natural rubber and gum harvested area peaked in 2019 and is expected to retain growth in the near future.

Exports of Natural Rubber And Gums

Exports from Ecuador

In 2019, approx. X kg of natural rubber and gums were exported from Ecuador; leveling off at 2018 figures. Over the period under review, exports faced a significant contraction. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, natural rubber and gum exports stood at $X in 2019. In general, exports faced a dramatic shrinkage. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Imports of Natural Rubber And Gums

Imports into Ecuador

Natural rubber and gum imports into Ecuador soared to X tonnes in 2019, with an increase of X% against the year before. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, natural rubber and gum imports totaled $X in 2019. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Colombia (X tonnes) constituted the largest supplier of natural rubber and gum to Ecuador, with a X% share of total imports. Moreover, natural rubber and gum imports from Colombia exceeded the figures recorded by the second-largest supplier, Guatemala (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Colombia amounted to +X%.

In value terms, Colombia ($X) constituted the largest supplier of natural rubber and gum to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Colombia stood at +X%.

Import Prices by Country

The average natural rubber and gum import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Guatemala ($X per tonne), while the price for Colombia amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Guatemala.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.7M tonnes) and China (1.4M tonnes), together accounting for 62% of global consumption. These countries were followed by Viet Nam, Malaysia, India and Cote d'Ivoire, which together accounted for a further 25%.

What are the largest producers of natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.9M tonnes), Indonesia (3.7M tonnes) and Viet Nam (1.2M tonnes), with a combined 67% share of global production. These countries were followed by India, China, Malaysia and Cote d'Ivoire, which together accounted for a further 21%.

What are the leading suppliers of natural rubber and gums to Ecuador?

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In value terms, Colombia ($648K) constituted the largest supplier of natural rubber and gum to Ecuador, comprising 67% of total imports. The second position in the ranking was occupied by Guatemala ($298K), with a 31% share of total imports.

What is the average import price for natural rubber and gums in Ecuador?

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In 2019, the average natural rubber and gum import price amounted to $1,508 per tonne, falling by -14.9% against the previous year.