Ecuador: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Ecuador

In 2022, after two years of decline, there was significant growth in the Ecuadorian ceramic sanitary ware market, when its value increased by 35% to $X. In general, consumption, however, continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Ceramic Sanitary Ware Production in Ecuador

In value terms, ceramic sanitary ware production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ceramic Sanitary Ware Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of ceramic sinks, baths, water closet pans and similar sanitary fixtures, when their volume decreased by -12.4% to X units. In general, exports, however, showed a temperate expansion. The growth pace was the most rapid in 2014 with an increase of 257%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, ceramic sanitary ware exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 168% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Chile (X units), Venezuela (X units) and Peru (X units) were the main destinations of ceramic sanitary ware exports from Ecuador, together comprising 82% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Guatemala ($X) and El Salvador ($X) were the largest markets for ceramic sanitary ware exported from Ecuador worldwide, with a combined 78% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +21.0%, saw 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

The average ceramic sanitary ware export price stood at $X per unit in 2022, falling by -4.3% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Sanitary Ware Imports

Imports into Ecuador

In 2022, approx. X units of ceramic sinks, baths, water closet pans and similar sanitary fixtures were imported into Ecuador; rising by 1,033% against 2021 figures. In general, imports, however, saw a abrupt shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ceramic sanitary ware imports fell to $X in 2022. Overall, imports, however, saw a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 146% 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, China (X units) was the main ceramic sanitary ware supplier to Ecuador, accounting for a 193% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), fourfold. Peru (X units) ranked third in terms of total imports with a 27% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-15.0% per year) and Peru (-6.6% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures to Ecuador, comprising 2,380% of total imports. The second position in the ranking was held by Colombia ($X), with a 725% share of total imports. It was followed by Peru, with a 35% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-15.6% per year) and Peru (-21.9% per year).

Import Prices by Country

In 2022, the average ceramic sanitary ware import price amounted to $X per unit, with a decrease of -92.1% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 72%. The import price peaked at $X per unit in 2021, and then reduced notably 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 ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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