Ecuador: Plaster Article Market 2024

Plaster Article Market Size in Ecuador

In 2021, the Ecuadorian plaster article market decreased by -80.6% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plaster Article Production in Ecuador

In value terms, plaster article production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 37%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports from Ecuador

In 2021, overseas shipments of articles of plaster or of compositions based on plaster were finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2018 with an increase of 35,092% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plaster article exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 6,296%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X kg), Honduras (X kg) and the United States (X kg) were the main destinations of plaster article exports from Ecuador, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +27.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from Ecuador were Honduras ($X), Panama ($X) and the United States ($X), with a combined 97% share of total exports.

Panama, with a CAGR of +7.6%, saw the highest rates of growth with regard to 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 2021, the average plaster article export price amounted to $X per ton, dropping by -13.3% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 2,388%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Honduras ($X per ton), while the average price for exports to Canada ($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 Sudan (+72.6%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into Ecuador

In 2021, overseas purchases of articles of plaster or of compositions based on plaster decreased by -82.2% to X tons, falling for the second consecutive year after six years of growth. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 21%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, plaster article imports fell remarkably to $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Colombia (X tons) were the main suppliers of plaster article imports to Ecuador, together comprising 91% of total imports. These countries were followed by Peru, which accounted for a further 6.7%.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +45.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Mexico ($X) and Colombia ($X) appeared to be the largest plaster article suppliers to Ecuador, with a combined 89% share of total imports. Peru lagged somewhat behind, accounting for a further 7.5%.

Peru, with a CAGR of +23.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 6.2%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Peru ($X per ton) and China ($X per ton), while the price for Colombia ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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