Ecuador: Ceramic Household Article Market 2024

Ceramic Household Article Market Size in Ecuador

In 2021, the Ecuadorian ceramic household article market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a abrupt shrinkage. Ceramic household article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ceramic Household Article Production in Ecuador

In value terms, ceramic household article production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Ceramic Household Article Exports

Exports from Ecuador

Ceramic household article exports from Ecuador dropped rapidly to X tons in 2021, with a decrease of -33.1% against 2020 figures. Overall, exports saw a deep slump. The growth pace was the most rapid in 2019 when exports increased by 43% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ceramic household article exports contracted dramatically to $X in 2021. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 30% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Bolivia (X tons) and Colombia (X tons) were the main destinations of ceramic household article exports from Ecuador, together accounting for 78% of total exports. Argentina, Chile and Venezuela lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +16.2%), while the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) emerged as the key foreign market for ceramic household articles and toilet articles exports from Ecuador, comprising 37% of total exports. The second position in the ranking was taken by Argentina ($X), with an 18% share of total exports. It was followed by Colombia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+0.4% per year) and Colombia (-25.9% per year).

Export Prices by Country

In 2021, the average ceramic household article export price amounted to $X per ton, rising by 9.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 30%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Bolivia ($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 Venezuela (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Household Article Imports

Imports into Ecuador

In 2021, supplies from abroad of ceramic household articles and toilet articles decreased by -19.7% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of 98%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ceramic household article imports amounted to $X in 2021. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 104%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main ceramic household article supplier to Ecuador, accounting for a 91% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -11.9%.

In value terms, China ($X) constituted the largest supplier of ceramic household articles and toilet articles to Ecuador, comprising 75% of total imports. The second position in the ranking was taken by Colombia ($X), with an 8.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -9.1%.

Import Prices by Country

The average ceramic household article import price stood at $X per ton in 2021, increasing by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.5%).

Source: IndexBox Platform

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