Ecuador: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Ecuador

In 2021, after two years of growth, there was significant decline in the Ecuadorian activated natural mineral products market, when its value decreased by -42.2% to $X. Overall, consumption showed a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports of Activated Natural Mineral Products

Exports from Ecuador

In 2021, shipments abroad of activated natural mineral products decreased by -21.9% to X tons, falling for the second year in a row after six years of growth. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,120% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports skyrocketed to $X in 2021. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 652% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X tons), Colombia (X tons) and Chile (X tons) were the main destinations of activated natural mineral products exports from Ecuador, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +12.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for activated natural mineral products exported from Ecuador were El Salvador ($X), Chile ($X) and Colombia ($X), together comprising 88% of total exports.

Among the main countries of destination, El Salvador, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, picking up by 64% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2016 an increase of 107%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+25.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Activated Natural Mineral Products

Imports into Ecuador

In 2021, overseas purchases of activated natural mineral products decreased by -45.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 23% against the previous year. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, activated natural mineral products imports shrank markedly to $X in 2021. In general, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 28%. Over the period under review, imports hit record highs at $X in 2020, and then declined markedly in the following year.

Imports by Country

In 2021, Peru (X tons) constituted the largest supplier of activated natural mineral products to Ecuador, with a 53% share of total imports. Moreover, activated natural mineral products imports from Peru exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Peru stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+26.0% per year) and the United States (-6.3% per year).

In value terms, Peru ($X) constituted the largest supplier of activated natural mineral products to Ecuador, comprising 45% of total imports. The second position in the ranking was held by Mexico ($X), with a 19% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+17.2% per year) and the United States (-3.0% per year).

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, surging by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :