Ecuador: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Ecuador

In 2021, the Ecuadorian pigments, opacifiers and colours market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Pigments, opacifiers and colours consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Ecuador

In 2021, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports dropped remarkably to $X in 2021. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for pigments, opacifiers and colours exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +X%.

In value terms, Colombia ($X) also remains the key foreign market for pigments, opacifiers and colours exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +X%.

Export Prices by Country

In 2021, the average pigments, opacifiers and colours export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

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

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Ecuador

Pigments, opacifiers and colours imports into Ecuador soared to X tons in 2021, rising by X% compared with 2020. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume 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, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pigments, opacifiers and colours imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value 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. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main pigments, opacifiers and colours supplier to Ecuador, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +X%.

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours to Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +X%.

Import Prices by Country

In 2021, the average pigments, opacifiers and colours import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

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

Source: IndexBox Platform