Ecuador: Textile Tubing Market 2024

Textile Tubing Market Size in Ecuador

The Ecuadorian textile tubing market dropped slightly to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Textile tubing consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Textile Tubing Production in Ecuador

In value terms, textile tubing production reduced to $X in 2023 estimated in export price. Overall, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Textile tubing production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Textile Tubing Exports

Exports from Ecuador

Textile tubing exports from Ecuador skyrocketed to X kg in 2023, picking up by X% on the year before. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, textile tubing exports rose rapidly to $X in 2023. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for textile tubing exports from Ecuador, with a X% share of total exports. Moreover, textile tubing exports to Peru exceeded the volume sent to the second major destination, the Dominican Republic (X kg), fivefold. The third position in this ranking was taken by Spain (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Spain (X% per year).

In value terms, Peru ($X) emerged as the key foreign market for textile hosepiping and similar textile tubing exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the average textile tubing export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced a decline.

Textile Tubing Imports

Imports into Ecuador

Textile tubing imports into Ecuador expanded remarkably to X tons in 2023, increasing by X% compared with 2022. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, textile tubing imports rose significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of textile tubing to Ecuador, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average textile tubing import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, 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 mixed trend patterns.

Source: IndexBox Platform