Ecuador: Ceramic Tile Market 2024

Ceramic Tile Market Size in Ecuador

The Ecuadorian ceramic tile market rose slightly to $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Ceramic tile consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Ceramic Tile Production in Ecuador

In value terms, ceramic tile production reduced modestly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Ceramic tile production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Ceramic Tile Exports

Exports from Ecuador

Ceramic tile exports from Ecuador skyrocketed to X square meters in 2023, jumping by X% on 2022 figures. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X square meters in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, ceramic tile exports rose markedly to $X in 2023. In general, exports posted a perceptible increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Colombia (X square meters), the United States (X square meters) and Guatemala (X square meters) were the main destinations of ceramic tile exports from Ecuador, with a combined X% share of total exports. El Salvador, Panama, Peru and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic tile exported from Ecuador were the United States ($X), Colombia ($X) and Guatemala ($X), together accounting for X% of total exports. El Salvador, Panama, Peru and Chile lagged somewhat behind, together comprising a further X%.

El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2023, almost unchanged from the previous year. Over the period under review, the export price recorded a slight shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Peru ($X per square meter) and the United States ($X per square meter), while the average price for exports to Guatemala ($X per square meter) and Panama ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

Ceramic Tile Imports

Imports into Ecuador

In 2023, ceramic tile imports into Ecuador expanded notably to X square meters, surging by X% on 2022. In general, imports recorded mild growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X square meters in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, ceramic tile imports expanded notably to $X in 2023. Over the period under review, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Peru (X square meters), Spain (X square meters) and Colombia (X square meters) were the main suppliers of ceramic tile imports to Ecuador, together accounting for X% of total imports. China, Brazil, Italy and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Peru ($X) and China ($X) constituted the largest ceramic tile suppliers to Ecuador, together accounting for X% of total imports. Colombia, Italy, Brazil and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2023, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform