The growing commercial gas market in Ecuador generated estimated revenues of $76m in 2018. This was up from $59m in 2008, indicating a healthy growth average annual growth rate of 2.8% p.a.
GDP increased by approximately 2.6% Over the past decade (2008-2018). Despite high growth over the past decade between the years of 2011-12 (7.9% and 5.6%), Ecuador declined in 2018 with a growth rate of -0.3%.
Industrial production has grown at an average rate of 2.7% p.a. over the same period – but did experience slight contractions in 2009 and in 2016. For the last two years, growth in industrial production has been non existent.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential