Ecuador: Granite Building Stone Market 2025

Granite Building Stone Market Size in Ecuador

The Ecuadorian granite building stone market surged to $X in 2021, jumping by 245% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded temperate growth. Granite building stone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Granite Building Stone Exports

Exports from Ecuador

Granite building stone exports from Ecuador skyrocketed to X tons in 2021, picking up by 242% on the year before. Over the period under review, exports enjoyed measured growth. The most prominent rate of growth was recorded in 2019 when exports increased by 299%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, granite building stone exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 168%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for granite building stone exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +34.0%.

In value terms, Peru ($X) also remains the key foreign market for granite building stone exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Peru totaled +28.6%.

Export Prices by Country

The average granite building stone export price stood at $X per ton in 2021, with a decrease of -43.2% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 142% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Peru.

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +55.3% per year.

Granite Building Stone Imports

Imports into Ecuador

In 2021, the amount of granite building stone imported into Ecuador surged to X tons, rising by 251% on the year before. Over the period under review, imports posted a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, granite building stone imports soared to $X in 2021. In general, imports enjoyed a temperate expansion. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of granite building stone imports to Ecuador, with a combined 95% share of total imports. Egypt lagged somewhat behind, accounting for a further 1.9%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest granite building stone suppliers to Ecuador were China ($X), Brazil ($X) and India ($X), with a combined 96% share of total imports. Egypt lagged somewhat behind, accounting for a further 1.6%.

Among the main suppliers, Egypt, with a CAGR of +28.6%, saw the highest rates of growth with regard to 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 granite building stone import price amounted to $X per ton, with a decrease of -2.1% against the previous year. Overall, the import price saw a slight decrease. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Brazil ($X per ton), while the price for Egypt ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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