Ecuador: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Ecuador

The Ecuadorian market for articles of cellulose fibre-cement, not containing asbestos expanded slightly to $X in 2022, rising by 3.4% against the previous year. In general, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Ecuador

In value terms, production of articles of cellulose fibre-cement, not containing asbestos amounted to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 50%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Ecuador

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos increased by 4.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 4,008%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos expanded modestly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,793%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Ecuador, with a 56% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Honduras exceeded the volume sent to the second major destination, Nicaragua (X tons), threefold. Guatemala (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras amounted to +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-25.8% per year) and Guatemala (+214.2% per year).

In value terms, Honduras ($X), Nicaragua ($X) and Guatemala ($X) constituted the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Ecuador worldwide, together accounting for 87% of total exports.

Guatemala, with a CAGR of +391.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, waning by -2.3% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 124% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Honduras ($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 Guatemala (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Ecuador

In 2022, the amount of articles of cellulose fibre-cement, not containing asbestos imported into Ecuador dropped dramatically to X tons, reducing by -28.5% on the previous year's figure. Over the period under review, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of 156% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos shrank sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 195% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons) was the main supplier of articles of cellulose fibre-cement, not containing asbestos to Ecuador, with a 97% share of total imports. It was followed by India (X tons), with a 1.1% share of total imports. The third position in this ranking was taken by China (X kg), with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-16.1% per year) and China (-37.2% per year).

In value terms, Colombia ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Ecuador, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.9% per year) and China (-14.7% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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