Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador - 2022

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador (CIF) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador (CIF) - 2022

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,799 per ton, surging by 18% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $4,400 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($8,756 per ton), while the price for Belgium ($1,752 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $1,322 per ton, which is down by -44.2% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $4,379 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -3.4% per year.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador

In 2022, approx. 1.2K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were imported into Ecuador; shrinking by -12.2% against 2021. Overall, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of 1.4K tons, and then shrank in the following year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips totaled $4.5M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +4.6% 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 +69.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 64%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Ecuador in 2022:

1. Colombia (387.3 tons)
2. Peru (261.6 tons)
3. Brazil (104.2 tons)
4. Belgium (88.6 tons)
5. Portugal (78.0 tons)
6. United States (55.7 tons)
7. Mexico (39.0 tons)
8. China (33.6 tons)
9. Spain (33.6 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ecuador

In 2022, approx. 83 tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were exported from Ecuador; jumping by 243% compared with the previous year. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,252%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $110K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,053% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Ecuador in 2022:

1. Peru (17.9 tons)

Source: IndexBox Market Intelligence Platform