Ecuador: Cement Clinker Market 2022

Cement Clinker Market Size in Ecuador

In 2021, the Ecuadorian cement clinker market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption faced a significant decline. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Cement Clinker Production in Ecuador

In value terms, cement clinker production reduced rapidly to $X in 2021 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Cement Clinker Exports

Exports from Ecuador

For the tenth consecutive year, Ecuador recorded growth in shipments abroad of cement clinker, which increased by X% to X tons in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, cement clinker exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Chile (X tons), Peru (X tons) and Nicaragua (X tons) were the main destinations of cement clinker exports from Ecuador, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Nicaragua ($X) were the largest markets for cement clinker exported from Ecuador worldwide, with a combined X% share of total exports.

Chile, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement clinker export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Clinker Imports

Imports into Ecuador

In 2021, supplies from abroad of cement clinker decreased by -X% to X tons, falling for the eighth consecutive year after two years of growth. In general, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth imports failed to regain momentum.

In value terms, cement clinker imports declined remarkably to $X in 2021. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest cement clinker supplier to Ecuador, with a X% share of total imports. Moreover, cement clinker imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of cement clinker to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%.

Import Prices by Country

The average cement clinker import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform