Ecuador: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Ecuador

The Ecuadorian wooden joinery and carpentry market was estimated at $X in 2023, picking up by X% against the previous year. Over the period under review, consumption saw a prominent increase. Wooden joinery and carpentry consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Ecuador

In value terms, wooden joinery and carpentry production stood at $X in 2023 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Ecuador

In 2023, overseas shipments of builders' joinery and carpentry of wood decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, wooden joinery and carpentry exports declined rapidly to $X in 2023. Over the period under review, total exports indicated modest 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for wooden joinery and carpentry exports from Ecuador, accounting for a X% share of total exports. Moreover, wooden joinery and carpentry exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), fivefold.

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

In value terms, the United States ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports.

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: Panama (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2023, the average wooden joinery and carpentry export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Panama ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Ecuador

In 2023, wooden joinery and carpentry imports into Ecuador soared to X tons, increasing by X% against 2022 figures. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports surged to $X in 2023. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest wooden joinery and carpentry supplier to Ecuador, accounting for a X% share of total imports. Moreover, wooden joinery and carpentry imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest wooden joinery and carpentry suppliers to Ecuador were China ($X), Colombia ($X) and Belgium ($X), together accounting for X% of total imports. Brazil, France, Austria and Chile lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 wooden joinery and carpentry import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 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 Chile ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform