Ecuador: Stone Sawing Machine Market 2025

Stone Sawing Machine Market Size in Ecuador

The Ecuadorian stone sawing machine market soared to $X in 2021, increasing by 34% 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). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Stone Sawing Machine Exports

Exports from Ecuador

In 2021, stone sawing machine exports from Ecuador totaled X units, remaining constant against 2020. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 100% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone sawing machine exports soared to $X in 2021. In general, exports recorded a dramatic downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for stone sawing machine exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Ecuador, comprising 92% of total exports. The second position in the ranking was taken by Peru ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +21.2%.

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, declining by -29.3% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 874%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Colombia ($X per unit), while the average price for exports to Peru totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+50.7%).

Stone Sawing Machine Imports

Imports into Ecuador

Stone sawing machine imports into Ecuador soared to X units in 2021, increasing by 61% on the year before. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 406% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, stone sawing machine imports reduced dramatically to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 212% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Ecuador, accounting for a 59% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (0.0% per year) and Brazil (+14.9% per year).

In value terms, China ($X), Spain ($X) and Brazil ($X) appeared to be the largest stone sawing machine suppliers to Ecuador, with a combined 59% share of total imports.

Brazil, with a CAGR of +10.6%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, which is down by -47.8% against the previous year. In general, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :