Ecuador: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Ecuador

The Ecuadorian market for nets of twine, cordage, rope or textile materials dropped remarkably to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2021, and then fell dramatically in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Ecuador

In value terms, twine, cordage or textile net production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Ecuador

In 2022, shipments abroad of nets of twine, cordage, rope or textile materials increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, twine, cordage or textile net exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for twine, cordage or textile net exports from Ecuador, accounting for a X% share of total exports. Moreover, twine, cordage or textile net exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Peru (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea 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 Peru (X% per year).

In value terms, South Korea ($X), Panama ($X) and the United States ($X) constituted the largest markets for twine, cordage or textile net exported from Ecuador worldwide, together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

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

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Ecuador

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were imported into Ecuador; jumping by X% compared with the previous year's figure. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, twine, cordage or textile net imports amounted to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Peru (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of twine, cordage or textile net imports to Ecuador, with a combined X% share of total imports. China, Panama, Spain, Thailand and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and Peru ($X) constituted the largest twine, cordage or textile net suppliers to Ecuador, with a combined X% share of total imports. China, Panama, Spain, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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