Ecuador: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2025

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Ecuador

After two years of growth, the Ecuadorian market for machine-tools for working stone, ceramics, and concrete decreased by -16.2% to $X in 2022. Over the period under review, consumption showed a pronounced descent. Machine tools for working stone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Ecuador

In 2022, machine tools for working stone exports from Ecuador contracted significantly to X units, dropping by -53.8% against the year before. In general, exports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 1,200% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports fell dramatically to $X in 2022. Overall, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 1,276%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for machine tools for working stone exports from Ecuador, with a 83% share of total exports. Moreover, machine tools for working stone exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -3.3%.

In value terms, the United States ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Ecuador, comprising 88% of total exports. The second position in the ranking was held by Peru ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-32.0% per year) and Colombia (-30.8% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, rising by 16% against the previous year. Overall, the export price, however, recorded a abrupt setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-8.8%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Ecuador

In 2022, after two years of growth, there was significant decline in overseas purchases of machine-tools for working stone, ceramics, and concrete, when their volume decreased by -28.1% to X units. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 161%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, machine tools for working stone imports reduced to $X in 2022. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 229% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine tools for working stone to Ecuador, with a 47% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Belgium (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.6% per year) and Belgium (+13.2% per year).

In value terms, China ($X), Italy ($X) and the United States ($X) constituted the largest machine tools for working stone suppliers to Ecuador, together comprising 62% of total imports. Brazil, Belgium, Portugal, Spain and Colombia lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Colombia, with a CAGR of +20.6%, 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

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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