Ecuador: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Ecuador

After two years of growth, the Ecuadorian cement prefabricated structural components market decreased by -10.9% to $X in 2021. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Ecuador

In value terms, cement prefabricated structural components production reduced to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 51% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Ecuador

Cement prefabricated structural components exports from Ecuador skyrocketed to X tons in 2021, with an increase of 21% against the previous year. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 2,617% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports stood at $X in 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by 1,285%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for cement prefabricated structural components 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 -8.7%.

In value terms, Peru ($X) also remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to -5.7%.

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, which is down by -17.2% against the previous year. In general, the export price, however, saw noticeable growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 170% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 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 Peru amounted to +3.3% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Ecuador

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 191% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cement prefabricated structural components imports surged to $X in 2021. Overall, imports saw perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of 154% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Greece (X tons) and Mexico (X tons) were the main suppliers of cement prefabricated structural components imports to Ecuador, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Ecuador, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Greece, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Mexico stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.0% per year) and Greece (-3.8% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, waning by -38.2% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 78% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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