Ecuador: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Ecuador

The Ecuadorian market for granules, chippings and powder of monumental stone shrank slightly to $X in 2021, standing approx. at the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.1% against 2019 indices. Monumental stone granules and powder consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Ecuador

In value terms, monumental stone granules and powder production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. Monumental stone granules and powder production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Ecuador

Monumental stone granules and powder exports from Ecuador surged to X tons in 2021, jumping by 54% on the year before. Overall, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 165% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Peru (X tons) and the United States (X kg) were the main destinations of monumental stone granules and powder exports from Ecuador, together comprising 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +35.4%), while the other leaders experienced a decline.

In value terms, the largest markets for monumental stone granules and powder exported from Ecuador were Peru ($X), the United States ($X) and Canada ($X), with a combined 98% share of total exports.

Among the main countries of destination, Canada, with a CAGR of +49.8%, 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 export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, surging by 119% against the previous year. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 120%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while the average price for exports to Canada ($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 (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Ecuador

Monumental stone granules and powder imports into Ecuador skyrocketed to X tons in 2021, with an increase of 64% compared with 2020 figures. In general, imports saw a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 519%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, monumental stone granules and powder imports rose significantly to $X in 2021. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 257% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Guatemala (X tons) constituted the largest monumental stone granules and powder supplier to Ecuador, with a 85% share of total imports. Moreover, monumental stone granules and powder imports from Guatemala exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Norway (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Guatemala stood at +75.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2,660.5% per year) and Norway (-11.7% per year).

In value terms, Guatemala ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Ecuador, comprising 83% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.7% share of total imports. It was followed by Norway, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Guatemala totaled +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3,741.2% per year) and Norway (-18.3% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, reducing by -32.1% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 108%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Colombia ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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