Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador - 2022

Contents:

  1. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (CIF) - 2022
  2. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (FOB) - 2022
  3. Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador
  4. Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (CIF) - 2022

The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,612 per ton in 2022, rising by 40% against the previous year. Overall, the import price, however, recorded a perceptible downturn. Over the period under review, average import prices hit record highs at $4,422 per ton in 2012; however, from 2013 to 2022, 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 ($6,390 per ton), while the price for Chile ($1,838 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (FOB) - 2022

In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $9,557 per ton, picking up by 22% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 48%. Over the period under review, the average export prices reached the maximum at $9,700 per ton in 2019; however, from 2020 to 2022, 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 Mexico ($46,459 per ton), while the average price for exports to Costa Rica ($2,461 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador

In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into Ecuador contracted notably to 5.1K tons, with a decrease of -30.7% on the year before. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 7.3K tons, and then reduced sharply in the following year.

In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) contracted modestly to $18M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $19M, and then reduced in the following year.

Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico4.23.45.63.4-6.8%
China0.61.01.62.969.1%
Brazil1.51.22.82.518.6%
Colombia3.42.02.02.4-11.0%
United States1.61.52.22.19.5%
Chile1.31.42.21.67.2%
Germany0.40.40.60.720.5%
Italy0.30.40.30.626.0%
Others1.71.21.42.05.6%
Total15.112.518.818.36.6%

Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Ecuador in 2022:

  1. Mexico (959.7 tons)
  2. China (957.9 tons)
  3. Chile (892.9 tons)
  4. Colombia (586.5 tons)
  5. Brazil (581.9 tons)
  6. United States (333.9 tons)
  7. Germany (154.7 tons)
  8. Italy (151.6 tons)

Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador

In 2022, approx. 750 tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from Ecuador; growing by 45% against 2021 figures. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 141%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $7.2M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico3937556941,92769.9%
Chile34256778481733.7%
Brazil50.597.877.4630131.9%
Peru26873147455127.2%
Colombia27218323948020.8%
Bolivia40.144.547.115657.3%
Costa Rica0.6147283117479.9%
Others1,0271,5331,4622,49034.3%
Total2,3934,0584,0617,16944.2%

Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Ecuador in 2022:

  1. Peru (215.9 tons)
  2. Brazil (153.3 tons)
  3. Colombia (107.6 tons)
  4. Chile (92.4 tons)
  5. Costa Rica (47.6 tons)
  6. Mexico (41.5 tons)
  7. Bolivia (23.3 tons)

Source: IndexBox Market Intelligence Platform

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