Price for Waste, Parings and Scrap, of Plastics in Ecuador - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Ecuador (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Ecuador (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Ecuador
4. Imports of Waste, Parings and Scrap, of Plastics in Ecuador

Price for Waste, Parings and Scrap, of Plastics in Ecuador (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $1,127 per ton in 2022, rising by 5.8% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for waste, parings and scrap, of plasticses increased by +109.9% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 40%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,501 per ton), while the average price for exports to India ($139 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 South Korea (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Ecuador (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $535 per ton in 2022, increasing by 20% against the previous year. In general, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure at $804 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 Colombia ($1,009 per ton), while the price for the United States ($416 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (-0.4%), while the prices for the other major suppliers experienced a decline.

Exports of Waste, Parings and Scrap, of Plastics in Ecuador

In 2022, overseas shipments of waste, parings and scrap, of plasticses decreased by -69.4% to 3.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of 12K tons, and then contracted markedly in the following year.

In value terms, exports of waste, parings and scrap, of plasticses dropped sharply to $4.1M in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 114%. As a result, the exports reached the peak of $13M, and then reduced sharply in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Ecuador in 2022:

1. Canada (1662.1 tons)
2. United States (955.5 tons)
3. Malaysia (306.8 tons)
4. Peru (236.2 tons)
5. Chile (220.0 tons)
6. India (118.1 tons)
7. South Korea (62.0 tons)

Imports of Waste, Parings and Scrap, of Plastics in Ecuador

In 2022, approx. 4.4K tons of waste, parings and scrap, of plasticses were imported into Ecuador; with a decrease of -41.9% compared with the year before. Over the period under review, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 1% against the previous year. As a result, imports attained the peak of 7.6K tons, and then reduced rapidly in the following year.

In value terms, imports of waste, parings and scrap, of plasticses reduced dramatically to $2.4M in 2022. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, imports attained the peak of $4.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Ecuador in 2022:

1. United States (3246.3 tons)
2. Dominican Republic (611.7 tons)
3. Chile (209.8 tons)
4. Colombia (110.5 tons)
5. Panama (68.3 tons)

Source: IndexBox Market Intelligence Platform