Ecuador: Plaster Article Market 2024

Plaster Article Market Size in Ecuador

After two years of decline, the Ecuadorian plaster article market increased by X% to $X in 2022. In general, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plaster Article Production in Ecuador

In value terms, plaster article production totaled $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Plaster article production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Plaster Article Exports

Exports from Ecuador

In 2022, approx. X square meters of articles of plaster or of compositions based on plaster were exported from Ecuador; shrinking by X% against 2021. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster article exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X square meters), Panama (X square meters) and Chile (X square meters) were the main destinations of plaster article exports from Ecuador, together accounting for X% of total exports. The United States, Canada and El Salvador lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Honduras totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

Export Prices by Country

The average plaster article export price stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

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

Plaster Article Imports

Imports into Ecuador

In 2022, supplies from abroad of articles of plaster or of compositions based on plaster increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a perceptible contraction. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plaster article imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a pronounced setback. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X square meters), Colombia (X square meters) and China (X square meters) were the main suppliers of plaster article imports to Ecuador, together accounting for X% of total imports. These countries were followed by Peru, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and China ($X) appeared to be the largest plaster article suppliers to Ecuador, together accounting for X% of total imports. Peru lagged somewhat behind, comprising a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plaster article import price amounted to $X per square meter, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per square meter) and Peru ($X per square meter), while the price for Colombia ($X per square meter) and Mexico ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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