Ecuador: Cement Clinker Market 2024

Cement Clinker Market Size in Ecuador

The Ecuadorian cement clinker market reduced to $X in 2022, dropping by -9.6% against the previous year. Overall, consumption saw a pronounced decrease. Cement clinker consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cement Clinker Production in Ecuador

In value terms, cement clinker production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild descent. The growth pace was the most rapid in 2019 when the production volume increased by 29%. Cement clinker production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cement Clinker Exports

Exports from Ecuador

Cement clinker exports from Ecuador skyrocketed to X tons in 2022, jumping by 16% on the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 271%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cement clinker exports shrank to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 179% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Peru (X tons), Chile (X tons) and Nicaragua (X tons) were the main destinations of cement clinker exports from Ecuador, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +154.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Nicaragua ($X) constituted the largest markets for cement clinker exported from Ecuador worldwide, with a combined 99.9% share of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +207.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, falling by -17.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Peru ($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 Nicaragua (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Clinker Imports

Imports into Ecuador

In 2022, after eight years of decline, there was growth in overseas purchases of cement clinker, when their volume increased by 1.3% to X tons. In general, imports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2013 when imports increased by 40%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cement clinker imports rose remarkably to $X in 2022. Overall, imports, however, saw a sharp decline. The most prominent rate of growth was recorded in 2013 when imports increased by 58% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) was the main cement clinker supplier to Ecuador, accounting for a 93% share of total imports. It was followed by Cuba (X tons), with a 2.2% share of total imports. The third position in this ranking was taken by Colombia (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled -30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (-35.1% per year) and Colombia (-40.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of cement clinker to Ecuador, comprising 50% of total imports. The second position in the ranking was held by Colombia ($X), with a 20% share of total imports. It was followed by Cuba, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled -34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-27.3% per year) and Cuba (-21.2% per year).

Import Prices by Country

In 2022, the average cement clinker import price amounted to $X per ton, rising by 9.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 13%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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