Ecuador: Ceramic Tile Market 2024

Ceramic Tile Market Size in Ecuador

In 2022, the Ecuadorian ceramic tile market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Ceramic Tile Production in Ecuador

In value terms, ceramic tile production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Ceramic tile production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Ceramic Tile Exports

Exports from Ecuador

After four years of growth, shipments abroad of ceramic tiles decreased by X% to X square meters in 2022. Overall, exports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X square meters in 2021, and then dropped notably in the following year.

In value terms, ceramic tile exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Colombia (X square meters), the United States (X square meters) and Guatemala (X square meters) were the main destinations of ceramic tile exports from Ecuador, together accounting for X% of total exports. El Salvador, Panama, Peru, Chile and Nicaragua lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Colombia ($X) and Guatemala ($X) were the largest markets for ceramic tile exported from Ecuador worldwide, with a combined X% share of total exports. El Salvador, Panama, Peru, Chile and Nicaragua lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of 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 ceramic tile export price stood at $X per square meter in 2022, approximately equating the previous year. In general, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per square meter) and the United States ($X per square meter), while the average price for exports to Guatemala ($X per square meter) and Panama ($X per square meter) were 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 a decline.

Ceramic Tile Imports

Imports into Ecuador

In 2022, supplies from abroad of ceramic tiles decreased by X% to X square meters for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2021, and then declined in the following year.

In value terms, ceramic tile imports contracted sharply to $X in 2022. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X square meters), Spain (X square meters) and Colombia (X square meters) were the main suppliers of ceramic tile imports to Ecuador, with a combined X% share of total imports. China, Italy, Brazil and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Peru ($X) and China ($X) were the largest ceramic tile suppliers to Ecuador, with a combined X% share of total imports. Colombia, Italy, Brazil and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 ceramic tile import price amounted to $X per square meter, which is down by X% against the previous year. In general, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per square meter) and Italy ($X per square meter), while the price for Colombia ($X per square meter) and Peru ($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 Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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