Ecuador: Market for Sanitary Ware And Parts Of Iron Or Steel 2022

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Ecuador

The Ecuadorian market for sanitary ware and parts of iron or steel totaled $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in Ecuador

In value terms, iron or steel sanitary ware production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Ecuador

In 2021, exports of sanitary ware and parts of iron or steel from Ecuador shrank dramatically to X tons, waning by -X% compared with 2020 figures. Overall, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports reached $X in 2021. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg), Colombia (X kg) and Guyana (X kg) were the main destinations of iron or steel sanitary ware exports from Ecuador, with a combined X% share of total exports.

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

In value terms, Colombia ($X) emerged as the key foreign market for iron or steel sanitary ware exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports. It was followed by Guyana, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+X% per year) and Guyana (-X% per year).

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price enjoyed strong growth. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Barbados ($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 Barbados (-X%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Ecuador

In 2021, purchases abroad of sanitary ware and parts of iron or steel was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of iron or steel sanitary ware to Ecuador, accounting for a X% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of iron or steel sanitary ware to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform