Ecuador: Natural Sand Market 2022

Natural Sand Market Size in Ecuador

In 2021, after two years of growth, there was significant decline in the Ecuadorian natural sand market, when its value decreased by -5.6% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Natural Sand Production in Ecuador

In value terms, natural sand production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 36%. Natural sand production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Natural Sand Exports

Exports from Ecuador

After four years of decline, overseas shipments of natural sands increased by 113% to X tons in 2021. Over the period under review, exports, however, saw a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 338% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural sand exports surged to $X in 2021. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 393% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Peru (X tons) and Panama (X tons) were the main destinations of natural sand exports from Ecuador, together comprising 97% of total exports. These countries were followed by Mexico and Spain, which together accounted for a further 2.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +17.6%), while the other leaders experienced a decline.

In value terms, Peru ($X) remains the key foreign market for natural sand exports from Ecuador, comprising 69% of total exports. The second position in the ranking was held by Panama ($X), with a 13% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+16.9% per year) and China (-15.8% per year).

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, falling by -23% against the previous year. In general, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 444% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 France (+1,253.3%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Sand Imports

Imports into Ecuador

In 2021, the amount of natural sands imported into Ecuador skyrocketed to X tons, increasing by 108% against the previous year. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 121%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, natural sand imports surged to $X in 2021. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 93% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

Turkey (X tons), China (X tons) and Peru (X tons) were the main suppliers of natural sand imports to Ecuador, together accounting for 66% of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +2,295.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the United States ($X) constituted the largest natural sand suppliers to Ecuador, together comprising 61% of total imports.

Turkey, with a CAGR of +4,472.5%, recorded 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

The average natural sand import price stood at $X per ton in 2021, which is down by -11.1% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Peru ($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 (+90.1%), while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform

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