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Ecuador - Copper - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCopper Price in Ecuador - 2021
Contents:
- Copper Price in Ecuador (FOB) - 2021
- Copper Price in Ecuador (CIF) - 2022
- Copper Exports in Ecuador
- Copper Imports in Ecuador
Copper Price in Ecuador (FOB) - 2021
In July 2021, the average copper export price amounted to $8,046 per ton, with a decrease of -5.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.7%. The most prominent rate of growth was recorded in September 2020 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices reached the peak figure at $8,528 per ton in June 2021, and then fell in the following month.
As there is only one major export destination, the average price level is determined by prices for China.
From July 2020 to July 2021, the rate of growth in terms of prices for China amounted to +3.7% per month.
Copper Price in Ecuador (CIF) - 2022
The average copper import price stood at $31,261 per ton in 2022, surging by 39% against the previous year. In general, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 108%. The import price peaked at $34,319 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($101,562 per ton), while the price for the United States ($9,828 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Copper Exports in Ecuador
Copper exports from Ecuador expanded modestly to 2.8K tons in 2022, increasing by 2.2% against the year before. In general, exports, however, showed a mild decline.
In value terms, copper exports fell to $19M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2020 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 26%. As a result, the exports attained the peak of $21M, and then shrank in the following year.
Export of Copper in Ecuador (Million USD) | |||||
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COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
China | 16.6 | 20.9 | 18.8 | 6.4% | |
Others | N/A | N/A | N/A | 0% | |
Total | 16.6 | 20.9 | 18.8 | 6.4% |
Top Export Markets for Copper from Ecuador in 2022:
- China (2.8K tons)
Copper Imports in Ecuador
In 2022, the amount of copper imported into Ecuador skyrocketed to 1.3 tons, rising by 23% on 2021 figures. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 356%. As a result, imports attained the peak of 4.1 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, copper imports surged to $42K in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 91%. As a result, imports reached the peak of $60K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Copper in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 11.7 | 14.7 | 10.8 | 25.5 | 29.7% |
United States | 3.9 | 43.1 | 4.9 | 4.2 | 2.5% |
Netherlands | 0.9 | 1.6 | 1.6 | 4.0 | 64.4% |
Belgium | 2.6 | N/A | 1.3 | N/A | -29.3% |
Canada | N/A | N/A | 1.3 | N/A | 0% |
Others | 12.1 | 0.3 | 4.6 | 8.4 | -11.5% |
Total | 31.2 | 59.7 | 24.5 | 42.1 | 10.5% |
Top Suppliers of Copper to Ecuador in 2022:
- United States (431.0 kg)
- United Kingdom (251.0 kg)
- Netherlands (190.0 kg)
This report provides an in-depth analysis of the copper 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 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)
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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