Ecuador - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Asphalt or Bitumen Article in Ecuador - 2022
Contents:
- Price for Asphalt or Bitumen Article in Ecuador (FOB) - 2021
- Price for Asphalt or Bitumen Article in Ecuador (CIF) - 2022
- Exports of Asphalt or Bitumen Article in Ecuador
- Imports of Asphalt or Bitumen Article in Ecuador
Price for Asphalt or Bitumen Article in Ecuador (FOB) - 2021
The average asphalt or bitumen article export price stood at $982 per ton in December 2021, with a decrease of -3.6% against the previous month. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in April 2021 an increase of 29% month-to-month. Over the period under review, the average export prices hit record highs at $1,627 per ton in February 2021; however, from March 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Panama ($1,865 per ton), while the average price for exports to Peru ($811 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Asphalt or Bitumen Article in Ecuador (CIF) - 2022
In 2022, the average asphalt or bitumen article import price amounted to $1,120 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2015 an increase of 23% against the previous year. The import price peaked at $1,142 per ton in 2018; afterwards, it flattened through to 2022.
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 Colombia ($2,239 per ton), while the price for the United States ($669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Asphalt or Bitumen Article in Ecuador
In 2022, approx. 1.2K tons of asphalt or bitumen articles were exported from Ecuador; picking up by 12% on the previous year. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, asphalt or bitumen article exports totaled $1.6M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Asphalt or Bitumen Article in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 566 | 920 | 831 | 946 | 18.7% |
Panama | 432 | 438 | 377 | 429 | -0.2% |
Peru | 375 | 419 | 233 | 265 | -10.9% |
Others | 0.3 | 48.0 | 15.9 | N/A | 628.0% |
Total | 1,373 | 1,825 | 1,456 | 1,641 | 6.1% |
Top Export Markets for Asphalt or Bitumen Article from Ecuador in 2022:
- Colombia (646.8 tons)
- Peru (309.2 tons)
- Panama (261.6 tons)
Imports of Asphalt or Bitumen Article in Ecuador
In 2022, the amount of asphalt or bitumen articles imported into Ecuador declined markedly to 397 tons, waning by -32.9% against the previous year's figure. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 154%. As a result, imports reached the peak of 591 tons, and then contracted notably in the following year.
In value terms, asphalt or bitumen article imports dropped remarkably to $444K in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 192%. As a result, imports attained the peak of $662K, and then contracted notably in the following year.
Import of Asphalt or Bitumen Article in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 96.2 | 100 | 204 | 146 | 14.9% |
United States | 129 | 52.3 | 147 | 105 | -6.6% |
Brazil | 13.9 | 8.3 | 120 | 86.4 | 83.9% |
Colombia | 156 | 61.0 | 115 | 82.8 | -19.0% |
Others | 57.9 | 5.3 | 75.3 | 23.6 | -25.9% |
Total | 453 | 227 | 662 | 444 | -0.7% |
Top Suppliers of Asphalt or Bitumen Article to Ecuador in 2022:
- United States (157.2 tons)
- Brazil (103.8 tons)
- Spain (94.8 tons)
- Colombia (37.0 tons)
This report provides an in-depth analysis of the market for asphalt or bitumen article in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
- Prodcom 23991290 - Products based on bitumen (excluding in rolls)
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for asphalt or bitumen article in Ecuador.
This report provides an in-depth analysis of the rolled bitumen articles market in Ecuador.
This report provides an in-depth analysis of the non-rolled bitumen products market in Ecuador.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
This report provides an in-depth analysis of the global rolled bitumen articles market.
This report provides an in-depth analysis of the global non-rolled bitumen products market.
This report provides an in-depth analysis of the market for asphalt or bitumen article in Ecuador.
This report provides an in-depth analysis of the rolled bitumen articles market in Ecuador.
This report provides an in-depth analysis of the non-rolled bitumen products market in Ecuador.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
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