Ecuador: Metallised Yarn Market 2024

Metallised Yarn Market Size in Ecuador

The Ecuadorian metallised yarn market declined to $X in 2022, reducing by X% against the previous year. In general, consumption, however, showed a noticeable increase. Metallised yarn consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metallised Yarn Production in Ecuador

In value terms, metallised yarn production declined to $X in 2022 estimated in export price. In general, production, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Metallised yarn production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metallised Yarn Exports

Exports from Ecuador

In 2022, approx. X kg of metallised yarn and strip were exported from Ecuador; jumping by X% compared with the year before. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metallised yarn exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, 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, Costa Rica (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama amounted to X%.

In value terms, Panama ($X) emerged as the key foreign market for metallised yarn and strip exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to X%.

Export Prices by Country

The average metallised yarn export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Panama stood at $X per ton.

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

Metallised Yarn Imports

Imports into Ecuador

After two years of growth, purchases abroad of metallised yarn and strip decreased by X% to X tons in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, metallised yarn imports contracted modestly to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, 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), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at 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 2022, the average annual growth rate of value from China totaled 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 2022, the average metallised yarn import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Pakistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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