Ecuador: Construction Sands Market 2022

Construction Sands Market Size in Ecuador

In 2021, after two years of growth, there was decline in the Ecuadorian construction sands market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Construction sands consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Construction Sands Production in Ecuador

In value terms, construction sands production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Construction sands production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Construction Sands Exports

Exports from Ecuador

In 2021, after four years of decline, there was significant growth in overseas shipments of construction sands, when their volume increased by X% to X tons. Overall, exports, however, saw a significant curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, construction sands exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for construction sands exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled -X%.

In value terms, China ($X) also remains the key foreign market for construction sands exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to China stood at -X%.

Export Prices by Country

The average construction sands export price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Construction Sands Imports

Imports into Ecuador

In 2021, approx. X tons of construction sands were imported into Ecuador; rising by X% on 2020 figures. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, construction sands imports rose significantly to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of construction sands to Ecuador, with a X% share of total imports. Moreover, construction sands imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was occupied by Mexico (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Mexico (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average construction sands import price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform