Ecuador: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Ecuador

In 2021, the Ecuadorian market for equipment for scaffolding, shuttering, propping or pit propping decreased by -2% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Ecuador

In value terms, scaffolding, shuttering, and propping equipment production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 66% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Ecuador

In 2021, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping increased by 8.2% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 566%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 593% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Colombia (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Ecuador, with a 93% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Colombia totaled +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+20.6% per year) and Peru (-4.4% per year).

In value terms, Colombia ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Ecuador, comprising 91% of total exports. The second position in the ranking was taken by Peru ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+8.3% per year) and Costa Rica (-8.4% per year).

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, rising by 56% against the previous year. Overall, the export price, however, showed a slight decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Costa Rica ($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 Peru (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Ecuador

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping imported into Ecuador skyrocketed to X tons, jumping by 36% compared with 2020 figures. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports soared to $X in 2021. In general, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 120%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Spain (X tons) and Chile (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Ecuador, with a combined 53% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Poland ($X) and China ($X) appeared to be the largest scaffolding, shuttering, and propping equipment suppliers to Ecuador, together comprising 45% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +44.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, increasing by 5.6% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scaffolding, shuttering, and propping equipment import price decreased by -24.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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