Key Market Indicators
Ecuador's plastic export market is projected to reach approximately $132 million by 2028, up from $125 million in 2023. This represents an average annual growth rate of 1%. Historical data shows that since 1996, Ecuador's plastic supply has increased by 0.6% each year. In contrast, plastic imports into Ecuador are expected to surge to around $1.36 billion by 2028, up from $1.23 billion in 2023. This marks a compound annual growth rate (CAGR) of 1.7%. Since 1996, the country's demand for plastic imports has risen by 1.5% annually. These figures highlight a steady growth in both the export and import sectors of Ecuador's plastic industry, with a notable faster increase in imports compared to exports.
