Ecuador: Cement Pipe Market 2024

Cement Pipe Market Size in Ecuador

The Ecuadorian cement pipe market amounted to $X in 2022, growing by 1.9% against the previous year. Overall, consumption, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 7.9% against the previous year. Cement pipe consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cement Pipe Production in Ecuador

In value terms, cement pipe production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. Cement pipe production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cement Pipe Exports

Exports from Ecuador

In 2022, shipments abroad of pipes and other articles of cement was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by 320% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cement pipe exports soared to $X in 2022. In general, exports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 with an increase of 321%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons), Venezuela (X tons) and Peru (X tons) were the main destinations of cement pipe exports from Ecuador, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of -10.4%), while the other leaders experienced a decline.

In value terms, Chile ($X) remains the key foreign market for pipes and other articles of cement exports from Ecuador, comprising 75% of total exports. The second position in the ranking was held by Venezuela ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile stood at -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-32.6% per year) and Peru (-15.0% per year).

Export Prices by Country

The average cement pipe export price stood at $X per ton in 2022, waning by -4.5% against the previous year. Overall, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+18.8%), while the prices for the other major destinations experienced a decline.

Cement Pipe Imports

Imports into Ecuador

Cement pipe imports into Ecuador reached X tons in 2022, flattening at the previous year's figure. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cement pipe imports fell to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 189% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cement pipe supplier to Ecuador, accounting for a 63% share of total imports. Moreover, cement pipe imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. Brazil (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.2% per year) and Brazil (+1.8% per year).

In value terms, China ($X) constituted the largest supplier of pipes and other articles of cement to Ecuador, comprising 48% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Brazil, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +43.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.9% per year) and Brazil (-5.0% per year).

Import Prices by Country

The average cement pipe import price stood at $X per ton in 2022, waning by -8.7% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained 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 ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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