Chlorides; of Aluminium Price in Ecuador - 2022

Contents:

  1. Chlorides; of Aluminium Price in Ecuador (CIF) - 2022
  2. Chlorides; of Aluminium Price in Ecuador (FOB) - 2022
  3. Chlorides; of Aluminium Imports in Ecuador
  4. Chlorides; of Aluminium Exports in Ecuador

Chlorides; of Aluminium Price in Ecuador (CIF) - 2022

The average chlorides; of aluminium import price stood at $567 per ton in January 2022, shrinking by -34.8% against the previous month. Over the period under review, import price indicated a temperate increase from January 2021 to January 2022: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, chlorides; of aluminium import price decreased by -34.8% against December 2021 indices. The most prominent rate of growth was recorded in February 2021 when the average import price increased by 50% against the previous month. Over the period under review, average import prices hit record highs at $870 per ton in December 2021, and then contracted markedly in the following month.

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

From January 2021 to January 2022, the rate of growth in terms of prices for China amounted to +2.5% per month.

Chlorides; of Aluminium Price in Ecuador (FOB) - 2022

In 2022, the average chlorides; of aluminium export price amounted to $544 per ton, falling by -3% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 119%. As a result, the export price attained the peak level of $2,861 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +2.8% per year.

Chlorides; of Aluminium Imports in Ecuador

In 2022, the amount of chlorides; of aluminia imported into Ecuador surged to 3.3K tons, jumping by 21% on the previous year. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of aluminium imports skyrocketed to $1.8M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Chlorides; of Aluminium in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,2109791,2691,68411.6%
United States1121401391233.2%
Others34.924.862.142.36.6%
Total1,3571,1431,4701,84910.9%

Top Suppliers of Chlorides; of Aluminium to Ecuador in 2022:

  1. China (3.2K tons)
  2. United States (0.1K tons)

Chlorides; of Aluminium Exports in Ecuador

Chlorides; of aluminium exports from Ecuador skyrocketed to 82 tons in 2022, increasing by 96% against the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,547% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chlorides; of aluminium exports skyrocketed to $45K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 925% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Chlorides; of Aluminium in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PeruN/A0.311.844.51117.9%
Costa RicaN/AN/A3.6N/A0%
PanamaN/AN/A5.3N/A0%
Colombia1.22.02.8N/A52.8%
OthersN/A0.1N/AN/A0%
Total1.32.323.444.5224.7%

Top Export Markets for Chlorides; of Aluminium from Ecuador in 2022:

  1. Peru (81.8 tons)

Source: IndexBox Market Intelligence Platform

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