Ecuador: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Ecuador

The Ecuadorian market for wood pellets and other agglomerates rose to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood pellets and other agglomerates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Pellets And Other Agglomerates in Ecuador

In value terms, wood pellets and other agglomerates production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Exports of Wood Pellets And Other Agglomerates

Exports from Ecuador

In 2022, shipments abroad of wood pellets and other agglomerates increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood pellets and other agglomerates exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for wood pellets and other agglomerates exports from Ecuador, with a X% share of total exports. Moreover, wood pellets and other agglomerates exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for wood pellets and other agglomerates exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average export price for wood pellets and other agglomerates stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Pellets And Other Agglomerates

Imports into Ecuador

Wood pellets and other agglomerates imports into Ecuador soared to X tons in 2022, picking up by X% on 2021. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood pellets and other agglomerates imports soared to $X in 2022. Overall, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wood pellets and other agglomerates to Ecuador, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of wood pellets and other agglomerates to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The average import price for wood pellets and other agglomerates stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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