Ecuador: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Ecuador

In 2022, after three years of growth, there was decline in the Ecuadorian wood flat pallet market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Wood flat pallet consumption peaked at $X in 2021, and then dropped modestly in the following year.

Wood Flat Pallet Production in Ecuador

In value terms, wood flat pallet production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Wood flat pallet production peaked at $X in 2021, and then declined slightly in the following year.

Wood Flat Pallet Exports

Exports from Ecuador

Wood flat pallet exports from Ecuador surged to X units in 2022, growing by X% on the year before. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, wood flat pallet exports skyrocketed to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Colombia (X units) was the main destination for wood flat pallet exports from Ecuador, with a X% share of total exports. Moreover, wood flat pallet exports to Colombia exceeded the volume sent to the second major destination, Peru (X units), fivefold. The third position in this ranking was taken by the Dominican Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the Dominican Republic (X% per year).

In value terms, Colombia ($X) emerged as the key foreign market for flat pallets and pallet collars of wood exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average wood flat pallet export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price enjoyed moderate growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Dominican Republic ($X per unit) and the United States ($X per unit), while the average price for exports to Colombia ($X per unit) and Peru ($X per unit) were amongst the lowest.

From 2012 to 2022, 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.

Wood Flat Pallet Imports

Imports into Ecuador

Wood flat pallet imports into Ecuador surged to X units in 2022, with an increase of X% on the year before. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wood flat pallet imports skyrocketed to $X in 2022. Overall, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Peru (X units) constituted the largest supplier of wood flat pallet to Ecuador, with a X% share of total imports. Moreover, wood flat pallet imports from Peru exceeded the figures recorded by the second-largest supplier, Costa Rica (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

In value terms, Peru ($X) constituted the largest supplier of flat pallets and pallet collars of wood to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

Import Prices by Country

The average wood flat pallet import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price recorded slight growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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