Ecuador: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Ecuador

In 2021, the Ecuadorian market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 33% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate prominent growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Ecuador

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 118%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from Ecuador

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported from Ecuador fell dramatically to X tons, waning by -60.1% compared with 2020. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2014 with an increase of 182%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates dropped significantly to $X in 2021. Over the period under review, exports showed a dramatic decrease. The growth pace was the most rapid in 2018 when exports increased by 190%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Ecuador, accounting for a 45% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Mexico exceeded the volume sent to the second major destination, Colombia (X kg), fivefold. Spain (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-41.1% per year) and Spain (0.0% per year).

In value terms, Mexico ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Ecuador, comprising 30% of total exports. The second position in the ranking was held by Peru ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-42.3% per year) and Colombia (-47.6% per year).

Export Prices by Country

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, increasing by 30% against the previous year. Over the period under review, the export price posted perceptible growth. The growth pace was the most rapid in 2015 when the average export price increased by 107% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Spain ($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 (+12.2%), while the prices for the other major destinations experienced a decline.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into Ecuador

In 2021, after two years of decline, there was significant growth in purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume increased by 225% to X tons. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 835%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 522% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and Colombia (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to Ecuador, together accounting for 68% of total imports. The United States lagged somewhat behind, comprising a further 2.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to Ecuador were China ($X), Spain ($X) and Colombia ($X), with a combined 77% share of total imports. The United States lagged somewhat behind, accounting for a further 12%.

The United States, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, dropping by -16% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 115%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :