Ecuador: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Ecuador

The Ecuadorian articles of fiber cement market was estimated at $X in 2022, picking up by 3.4% against the previous year. Overall, consumption, however, showed a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Ecuador

In value terms, articles of fiber cement production totaled $X in 2022 estimated in export price. In general, production saw a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 2.4% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Ecuador

For the seventh year in a row, Ecuador recorded growth in overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like, which increased by 7.4% to X tons in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 105%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, articles of fiber cement exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 120%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Peru (X tons) was the main destination for articles of fiber cement exports from Ecuador, with a 56% share of total exports. Moreover, articles of fiber cement exports to Peru exceeded the volume sent to the second major destination, Nicaragua (X tons), fivefold. Guatemala (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+2.8% per year) and Guatemala (+484.7% per year).

In value terms, Peru ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Ecuador, comprising 38% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 17% share of total exports. It was followed by Guatemala, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+25.1% per year) and Guatemala (+585.1% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, growing by 14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Ecuador

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Ecuador; growing by 6.8% against the year before. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, articles of fiber cement imports expanded rapidly to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Colombia (X tons) was the main supplier of articles of fiber cement to Ecuador, accounting for a 90% share of total imports. Moreover, articles of fiber cement imports from Colombia exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. The third position in this ranking was held by Costa Rica (X tons), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+11.7% per year) and Costa Rica (+33.0% per year).

In value terms, Colombia ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Ecuador, comprising 90% of total imports. The second position in the ranking was held by Peru ($X), with a 3.3% share of total imports. It was followed by Costa Rica, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+6.9% per year) and Costa Rica (+26.8% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 6.3%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($X per ton) and Costa Rica ($X per ton), while the price for Peru ($X per ton) and Honduras ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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