Ecuador: Clay Market 2023

Clay Market Size in Ecuador

The Ecuadorian clay market soared to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed notable growth. Clay consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Clay Production in Ecuador

In value terms, clay production soared to $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Clay Exports

Exports from Ecuador

In 2022, shipments abroad of clays decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, clay exports surged to $X in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for clay exports from Ecuador, with a X% share of total exports. Moreover, clay exports to Colombia exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Chile (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Spain ($X) emerged as the key foreign market for clays exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).

Export Prices by Country

The average clay export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Clay Imports

Imports into Ecuador

In 2022, clay imports into Ecuador contracted to X tons, reducing by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, clay imports reached $X in 2022. In general, imports, however, posted a tangible increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of clay to Ecuador, with a X% share of total imports. Moreover, clay imports from Colombia exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the UK (X% per year).

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

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 clay import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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