Ecuador: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Ecuador

The Ecuadorian market for ready-mixed concrete and factory made mortars soared to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed resilient growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Ecuador

In 2022, exports of ready-mixed concrete and factory made mortars from Ecuador soared to X tons, growing by X% compared with the previous year's figure. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars surged to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Ecuador, with a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Colombia exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

In value terms, Colombia ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Costa Rica ($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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Ecuador

In 2022, the amount of ready-mixed concrete and factory made mortars imported into Ecuador surged to X tons, growing by X% on the year before. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars surged to $X in 2022. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Ecuador, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Colombia exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Italy (X% per year).

In value terms, the largest ready-mixed concrete and factory made mortar suppliers to Ecuador were Colombia ($X), Italy ($X) and Chile ($X), together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded 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

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ready-mixed concrete and factory made mortars increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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