Ecuador: Wire And Cable Market 2024

Wire And Cable Market Size in Ecuador

The Ecuadorian wire and cable market totaled $X in 2023, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a deep setback. Wire and cable consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Wire And Cable Exports

Exports from Ecuador

In 2023, wire and cable exports from Ecuador shrank to X tons, waning by X% on 2022 figures. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2022, and then declined in the following year.

In value terms, wire and cable exports declined to $X in 2023. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

The United States (X tons) was the main destination for wire and cable exports from Ecuador, with a X% share of total exports. It was followed by Chile (X tons), with a X% share of total exports. Bolivia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Bolivia (X% per year).

In value terms, the United States ($X) remains the key foreign market for insulated wire and cable exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Chile (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wire And Cable Imports

Imports into Ecuador

In 2023, purchases abroad of insulated wire and cable decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports showed a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, wire and cable imports dropped to $X in 2023. Overall, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Colombia (X tons) and the United States (X tons) were the main suppliers of wire and cable imports to Ecuador, together comprising X% of total imports. Chile, Brazil, Germany, Spain and Peru lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Colombia ($X) and the United States ($X) appeared to be the largest wire and cable suppliers to Ecuador, together comprising X% of total imports. Chile, Brazil, Germany, Spain and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average wire and cable import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform