Ecuador: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Ecuador

In 2021, the Ecuadorian semi-chemical fluting market decreased by -10.1% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Semi-Chemical Fluting Production in Ecuador

In value terms, semi-chemical fluting production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Semi-Chemical Fluting Exports

Exports from Ecuador

In 2021, semi-chemical fluting exports from Ecuador declined sharply to X tons, with a decrease of -72.5% on 2020 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 569%. The exports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, semi-chemical fluting exports reduced notably to $X in 2021. In general, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 626%. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

The Dominican Republic (X tons), Colombia (X tons) and Peru (X tons) were the main destinations of semi-chemical fluting exports from Ecuador, with a combined 81% share of total exports. These countries were followed by Guatemala, Bolivia and Chile, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Colombia ($X) and Guatemala ($X) appeared to be the largest markets for semi-chemical fluting exported from Ecuador worldwide, together comprising 82% of total exports.

Among the main countries of destination, Guatemala, with a CAGR of +34.7%, recorded 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

In 2021, the average semi-chemical fluting export price amounted to $X per ton, jumping by 43% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 56%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Peru ($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 Guatemala (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports into Ecuador

In 2021, after four years of growth, there was significant decline in purchases abroad of semi-chemical fluting, when their volume decreased by -95.1% to X tons. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 407%. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted remarkably in the following year.

In value terms, semi-chemical fluting imports reduced remarkably to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 183%. Over the period under review, imports hit record highs at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of semi-chemical fluting to Ecuador, with a 83% share of total imports. Moreover, semi-chemical fluting imports from Finland exceeded the figures recorded by the second-largest supplier, Canada (X tons), ninefold. The third position in this ranking was held by Sweden (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Finland totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-28.6% per year) and Sweden (-5.2% per year).

In value terms, Finland ($X) constituted the largest supplier of semi-chemical fluting to Ecuador, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports. It was followed by Sweden, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Finland stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-23.9% per year) and Sweden (-2.4% per year).

Import Prices by Country

In 2021, the average semi-chemical fluting import price amounted to $X per ton, reducing by -42.3% against the previous year. Overall, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 102% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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