Ecuador: Market for Prepared Additives For Cements, Mortars Or Concretes 2022

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Ecuador

In 2021, the Ecuadorian prepared additives for cements market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a deep contraction. Prepared additives for cements consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Ecuador

In 2021, approx. X tons of prepared additives for cements, mortars or concretes were exported from Ecuador; surging by X% compared with the year before. Overall, exports showed a prominent expansion. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, prepared additives for cements exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for prepared additives for cements exports from Ecuador, accounting for a X% share of total exports. Moreover, prepared additives for cements exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and Brazil (X% per year).

In value terms, Colombia ($X) emerged as the key foreign market for prepared additives for cements exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and Brazil (X% per year).

Export Prices by Country

In 2021, the average prepared additives for cements export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared additives for cements export price increased by +X% against 2019 indices. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($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 Colombia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Ecuador

In 2021, overseas purchases of prepared additives for cements, mortars or concretes increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, prepared additives for cements imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest prepared additives for cements supplier to Ecuador, accounting for a X% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-X% per year) and South Korea (X% per year).

In value terms, the largest prepared additives for cements suppliers to Ecuador were China ($X), Colombia ($X) and the United States ($X), together accounting for X% of total imports. These countries were followed by South Korea, Mexico, Argentina and Peru, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average prepared additives for cements import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, 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