Ecuador: Metallised Yarn Market 2024

Metallised Yarn Market Size in Ecuador

In 2023, the Ecuadorian metallised yarn market decreased by X% to $X, falling for the fourth year in a row after five years of growth. In general, consumption showed a mild contraction. Metallised yarn consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Metallised Yarn Production in Ecuador

In value terms, metallised yarn production fell to $X in 2023 estimated in export price. In general, production recorded a noticeable decline. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Metallised Yarn Exports

Exports from Ecuador

Metallised yarn exports from Ecuador soared to X kg in 2023, with an increase of X% on 2022. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, metallised yarn exports expanded modestly to $X in 2023. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for metallised yarn exports from Ecuador, with a X% share of total exports. Moreover, metallised yarn exports to Panama exceeded the volume sent to the second major destination, Colombia (X kg), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Costa Rica (X% per year).

In value terms, Colombia ($X), Panama ($X) and Costa Rica ($X) constituted the largest markets for metallised yarn exported from Ecuador worldwide, with a combined X% share of total exports.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average metallised yarn export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a mild shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Panama ($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 Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metallised Yarn Imports

Imports into Ecuador

Metallised yarn imports into Ecuador reduced notably to X tons in 2023, falling by X% on the previous year's figure. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then declined markedly in the following year.

In value terms, metallised yarn imports shrank markedly to $X in 2023. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined notably in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest metallised yarn supplier to Ecuador, accounting for a X% share of total imports. Moreover, metallised yarn imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of metallised yarn and strip to Ecuador, comprising X% of total imports. The second position in the ranking was held by India ($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 rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average metallised yarn import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform