Report Update Nov 1, 2024

Ecuador - Cement - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Cement Market 2024

Cement Market Size in Ecuador

In 2022, the Ecuadorian cement market decreased by 99.9% to less than $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a deep setback. Cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cement Production in Ecuador

In value terms, cement production contracted sharply to less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from Ecuador

In 2022, overseas shipments of cement decreased by -28.7% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 302%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cement exports fell dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 271%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for cement exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +11.3%.

In value terms, Colombia ($X) also remains the key foreign market for cement exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at +3.0%.

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, with a decrease of -4.1% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -7.5% per year.

Cement Imports

Imports into Ecuador

In 2022, approx. X tons of cement were imported into Ecuador; which is down by -12.1% against the previous year. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cement imports contracted significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Egypt (X tons) were the main suppliers of cement imports to Ecuador, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +76.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Egypt ($X) were the largest cement suppliers to Ecuador, together comprising 77% of total imports.

Turkey, with a CAGR of +88.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cement import price stood at $X per ton in 2022, which is down by -8.1% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement import price increased by +15.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cement in the world?

The country with the largest volume of cement consumption was China, comprising approx. 56% of total volume. Moreover, cement consumption in China exceeded the figures recorded by the second-largest consumer, India, sevenfold. The United States ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of cement in the world?

The country with the largest volume of cement production was China, comprising approx. 56% of total volume. Moreover, cement production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The United States ranked third in terms of total production with a 2.4% share.

What are the leading suppliers of cement to Ecuador?

In value terms, the largest cement suppliers to Ecuador were the United States, Mexico and Colombia, with a combined 64% share of total imports. Egypt, Peru, Canada, Spain and Belgium lagged somewhat behind, together accounting for a further 20%.

What are the leading importers of cement from Ecuador?

In value terms, Colombia remains the key foreign market for cement exports from Ecuador, comprising 75% of total exports. The second position in the ranking was occupied by Peru, with a 20% share of total exports.

What is the average export price for cement in Ecuador?

In 2021, the average cement export price amounted to $93 per ton, picking up by 5.3% against the previous year.

What is the average import price for cement in Ecuador?

In 2021, the average cement import price amounted to $199 per ton, increasing by 24% against the previous year.

This report provides an in-depth analysis of the cement market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23511210 - Portland cement
Prodcom 23511290 - Other hydraulic cements

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023