Ecuador: Container Market 2024

Container Market Size in Ecuador

The Ecuadorian container market rose remarkably to $X in 2023, surging by X% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Container consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Container Production in Ecuador

In value terms, container production rose to $X in 2023 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Container Exports

Exports from Ecuador

After five years of growth, overseas shipments of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units in 2023. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2022, and then fell slightly in the following year.

In value terms, container exports shrank significantly to $X in 2023. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell notably in the following year.

Exports by Country

Colombia (X units), Peru (X units) and Venezuela (X units) were the main destinations of container exports from Ecuador, with a combined X% share of total exports. El Salvador, Chile and the Dominican Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for tanks, casks, drums, cans, boxes and similar containers exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2023, the average container export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a slight curtailment. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced a decline.

Container Imports

Imports into Ecuador

In 2023, approx. X units of tanks, casks, drums, cans, boxes and similar containers were imported into Ecuador; picking up by X% compared with the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, container imports expanded remarkably to $X in 2023. Overall, total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Colombia (X units), Chile (X units) and Brazil (X units) were the main suppliers of container imports to Ecuador, with a combined X% share of total imports. China, Peru, Paraguay, Mexico and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest container suppliers to Ecuador were Colombia ($X), Chile ($X) and Brazil ($X), with a combined X% share of total imports. China, Peru, Mexico, Paraguay and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average container import price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform