Ecuador: Packaging Materials Market 2024

Packaging Materials Market Size in Ecuador

The Ecuadorian packaging materials market shrank rapidly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, continues to indicate temperate growth. Packaging materials consumption peaked at $X in 2021, and then fell remarkably in the following year.

Packaging Materials Production in Ecuador

In value terms, packaging materials production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Packaging Materials Exports

Exports from Ecuador

Packaging materials exports from Ecuador reduced modestly to X tons in 2022, with a decrease of X% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, packaging materials exports soared to $X in 2022. In general, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Colombia (X tons) was the main destination for packaging materials exports from Ecuador, accounting for a X% share of total exports. Moreover, packaging materials exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X tons), sixfold. 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 Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

In value terms, Colombia ($X) remains the key foreign market for packaging materials exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Peru, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price 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, packaging materials export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Packaging Materials Imports

Imports into Ecuador

In 2022, after three years of growth, there was significant decline in overseas purchases of packaging materials, when their volume decreased by X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, packaging materials imports fell remarkably to $X in 2022. Overall, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Brazil (X tons), Colombia (X tons) and China (X tons) were the main suppliers of packaging materials imports to Ecuador, with a combined X% share of total imports. The United States, Chile, Peru, Costa Rica, Italy, Sweden, Spain, Russia, Austria and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest packaging materials suppliers to Ecuador were Brazil ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Colombia, Italy, Chile, Austria, Spain, Peru, Costa Rica, Sweden, Russia and Finland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price 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. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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