Ecuador: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2022

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Ecuador

The Ecuadorian market for polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021, growing by X% against the previous year. Overall, the total consumption indicated a buoyant expansion 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. Based on 2021 figures, consumption increased by +X% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Ecuador

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms shrank modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Ecuador

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Ecuador, accounting for a X% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Colombia exceeded the volume sent to the second major destination, Peru (X tons), twofold. The third position in this ranking was occupied by Mexico (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and Mexico (X% per year).

In value terms, Colombia ($X) emerged as the key foreign market for polyethylene with a specific gravity of less than X exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Argentina, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and Argentina (X% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Ecuador

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into Ecuador rose rapidly to X tons, growing by X% compared with the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, total imports indicated a resilient increase 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. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Ecuador, with a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was occupied by Mexico (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Mexico (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Mexico (+X% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, picking up by X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and India ($X per ton), while the price for the United States ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform