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Ecuador - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Ecuador - 2022
Contents:
- Concrete Reinforcing Bar Price in Ecuador (FOB) - 2022
- Concrete Reinforcing Bar Price in Ecuador (CIF) - 2022
- Concrete Reinforcing Bar Exports in Ecuador
- Concrete Reinforcing Bar Imports in Ecuador
Concrete Reinforcing Bar Price in Ecuador (FOB) - 2022
The average concrete reinforcing bar export price stood at $805 per ton in January 2022, approximately reflecting the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in April 2021 an increase of 18% against the previous month. The export price peaked at $969 per ton in May 2021; however, from June 2021 to January 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From March 2021 to January 2022, the rate of growth in terms of prices for Colombia amounted to +1.1% per month.
Concrete Reinforcing Bar Price in Ecuador (CIF) - 2022
In 2022, the average concrete reinforcing bar import price amounted to $150 per ton, with a decrease of -32.9% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $889 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($469 per ton), while the price for Turkey ($146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+44.5%), while the prices for the other major suppliers experienced a decline.
Concrete Reinforcing Bar Exports in Ecuador
Concrete reinforcing bar exports from Ecuador rose slightly to 5.2K tons in 2022, with an increase of 4% against the year before. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 132%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, concrete reinforcing bar exports rose markedly to $4.4M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 230% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Concrete Reinforcing Bar in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | 393 | 483 | 1,028 | 1,862 | 68.0% |
Bolivia | 141 | 535 | 907 | 1,852 | 135.9% |
Panama | 31.4 | 119 | 276 | 450 | 142.9% |
Colombia | 35.3 | 84.1 | 77.9 | 145 | 60.2% |
Haiti | 388 | N/A | N/A | N/A | 0% |
Mauritania | N/A | N/A | 1,909 | N/A | 0% |
Others | 56.8 | 57.6 | 19.3 | 139 | 34.8% |
Total | 1,046 | 1,279 | 4,216 | 4,448 | 62.0% |
Top Export Markets for Concrete Reinforcing Bar from Ecuador in 2022:
- Peru (2.4K tons)
- Bolivia (1.9K tons)
- Panama (0.6K tons)
- Colombia (0.2K tons)
Concrete Reinforcing Bar Imports in Ecuador
For the fourth consecutive year, Ecuador recorded growth in purchases abroad of concrete reinforcing bars, which increased by 5.4% to 9.5K tons in 2022. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, concrete reinforcing bar imports fell remarkably to $1.4M in 2022. Over the period under review, imports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 23%.
Import of Concrete Reinforcing Bar in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 1,756 | 1,469 | 1,831 | 1,330 | -8.8% |
Chile | 204 | 128 | 117 | 63.7 | -32.2% |
Others | 68.0 | 32.9 | 57.9 | 24.6 | -28.7% |
Total | 2,028 | 1,630 | 2,006 | 1,419 | -11.2% |
Top Suppliers of Concrete Reinforcing Bar to Ecuador in 2022:
- Turkey (9.1K tons)
- Chile (0.3K tons)
This report provides an in-depth analysis of the concrete reinforcing bar market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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