Ecuador: Dolomite Market 2024

Dolomite Market Size in Ecuador

The Ecuadorian dolomite market soared to $X in 2021, with an increase of 16% against the previous year. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Dolomite Production in Ecuador

In value terms, dolomite production dropped to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.2% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by 38%. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Dolomite Exports

Exports from Ecuador

In 2019, shipments abroad of chalk and dolomite decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 19,642% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2019, the growth of the exports failed to regain momentum.

In value terms, dolomite exports totaled $X in 2019. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 731%. As a result, the exports attained the peak of $X. From 2016 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for dolomite exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to Brazil was relatively modest.

From 2014 to 2019, the average annual growth rate of value to Brazil was relatively modest.

Export Prices by Country

In 2019, the average dolomite export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a precipitous decline. The most prominent rate of growth was recorded in 2015 a decrease of -95.8%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

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

From 2014 to 2019, the rate of growth in terms of prices for Peru amounted to -77.0% per year.

Dolomite Imports

Imports into Ecuador

In 2021, supplies from abroad of chalk and dolomite was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, dolomite imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest dolomite supplier to Ecuador, with a 45% share of total imports. Moreover, dolomite imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The third position in this ranking was taken by Guatemala (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-8.0% per year) and Guatemala (+39.0% per year).

In value terms, the largest dolomite suppliers to Ecuador were Peru ($X), Colombia ($X) and Guatemala ($X), with a combined 72% share of total imports.

Guatemala, with a CAGR of +53.1%, recorded 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 more modest paces of growth.

Import Prices by Country

The average dolomite import price stood at $X per ton in 2021, reducing by -5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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