Particle board of wood market in Ecuador

Earlier Report Observations

The market volume for particle board in Ecuador experienced significant shifts from 2018 to 2023, falling sharply from 932 thousand m³ in 2018 to 447 thousand m³ in 2019, primarily due to a steep drop in imports. Domestic production remained steady at 276 thousand m³, but investments in new capacity, such as Aglomerados Cotopaxi's new molding plants from 2018 and Novopan's second production line launched in 2019, laid the groundwork for future expansion.

By 2020, production had risen to 350 thousand m³, and market volume recovered to 572 thousand m³. The COVID-19 pandemic reduced local demand, but the industry offset this by boosting exports, particularly after Ecuador began shipping particle board to the United States in 2019. Continued investments in forest plantations and machinery helped drive production further to 460 thousand m³ by 2021, even as market volume dipped to 475 thousand m³ that year.

From 2022 to 2023, market volume stabilized between 475 and 487 thousand m³ while production held at 460 thousand m³. The industry maintained its export focus, supported by the implementation of technical norms and certifications, such as formaldehyde emission controls for shipments to the U.S. and Canada. With domestic consumption absorbing less than 20% of output, export diversification and value-added products like decorative panels became central to the sector's strategy.

Production particle board of wood in Ecuador

In kind, 2017-2020, K m³

Top producers of particle board of wood, 2017-2020

World map of production of particle board of wood, 2017-2020

In 2020, Ecuador produced 350.0 K m³ of particle board of wood, marking a 26.8% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 26.8%, with an average annual growth rate of 8.2%. The smallest change occurred in 2018, with no significant variation.

Annual dynamics of production in Ecuador in kind, 2017-2020, K m³

Exports particle board of wood from Ecuador

Exports in kind, K m³

The market exhibited considerable volatility during these years. Export volumes varied dramatically, with a 338-fold difference between the low of 0.2 K m³ in 2018 and the high of 60.6 K m³ in 2020. In 2020, Ecuador's particle board of wood exports reached 60.6 K m³, representing a sharp year-on-year increase of 360.9%. The largest decline was recorded in 2018 at 96.8%, while the most significant increase occurred in 2019, soaring by 7,240.2%.

Annual dynamics of product's exports from Ecuador in kind, 2017-2020, K m³

From 2017 to 2020, Peru, the United States, and Colombia were the primary markets for Ecuador's particle board of wood exports in volume terms. Peru accounted for 50.7% of exports, the United States for 18.5%, and Colombia for 17.2%, collectively representing 86.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Ecuador in kind, 2017-2020

Exports in value, K $ US

The data shows irregular changes, reflecting a volatile market environment. Export values fluctuated significantly, with a 203-fold difference between the low of 51 K $ US in 2018 and the peak of 10,409 K $ US in 2020. In 2020, particle board of wood exports from Ecuador amounted to 10,409 K $ US, indicating a sharp uptick of 323.6% from 2019. The largest decline was recorded in 2018 at 96.6%, while the most substantial increase occurred in 2019, rising by 4,693.9%.

Annual dynamics of product's exports from Ecuador in value, 2017-2020, K $ US

Throughout 2017–2020, Peru, Colombia, and the United States formed the core group of markets for Ecuador's particle board of wood exports in value terms. Peru contributed 47.1% of exports, Colombia 25.7%, and the United States 14.2%, together accounting for 87.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Ecuador in value, 2017-2020

Imports particle board of wood to Ecuador

Imports in kind, K m³

Market performance showed noticeable fluctuations during this period. Import volumes varied by 3.6 times, with the minimum of 184.4 K m³ recorded in 2019 and the maximum of 655.9 K m³ in 2018. In 2020, Ecuador imported approximately 283.0 K m³ of particle board of wood, marking a sharp rise of 53.4% relative to the prior year. The largest decline was recorded in 2019 at 71.9%.

Annual dynamics of product's imports to Ecuador in kind, 2017-2020, K m³

Over the 2017–2020 period, Brazil, Chile, and Venezuela were the main sources for Ecuador's particle board of wood imports in volume terms. Brazil accounted for 48.6% of imports, Chile for 29.6%, and Venezuela for 18.0%, collectively representing 96.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Ecuador in kind, 2017-2020

Imports in value, K $ US

Particle board of wood imports into Ecuador declined for the second consecutive year. In 2020, import volume totaled 6,160 K $ US, down by 16.5% compared to the previous year. Between 2017 and 2020, imports increased by 7.6%, equating to an annualized growth rate of 2.5%. The maximum value was recorded in 2018 at 9,292 K $ US. The largest decline occurred in 2019 at 20.7%, while the most significant increase was in 2018, rising by 62.3%.

Annual dynamics of product's imports to Ecuador in value, 2017-2020, K $ US

From 2017 to 2020, Chile and Brazil remained the primary suppliers of particle board of wood to Ecuador in value terms, with a combined share of 83.1% of total imports, while other countries accounted for the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Ecuador in value, 2017-2020