Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.2 per unit in 2022, with a decrease of -2.7% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth was the most pronounced in 2014 an increase of 49%. Over the period under review, average import prices reached the peak figure at $0.3 per unit in 2016; however, from 2017 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 the United States ($0.5 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.8 per unit in 2022, waning by -25.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 334% against the previous year. Over the period under review, the average export prices reached the peak figure at $1.6 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +14.6% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones imported into Ecuador fell to 1.1M units, which is down by -7.7% compared with the previous year. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked at 1.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones reduced to $199K in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones attained the maximum at $363K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Ecuador in 2022:

1. China (921.7K units)
2. Slovenia (67.9K units)
3. United States (43.7K units)
4. Colombia (1.0K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ecuador

In 2022, overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones were finally on the rise to reach 276 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at 451 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $228 in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Ecuador in 2022:

1. Singapore (88.0 units)

Source: IndexBox Market Intelligence Platform