Ecuador - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Hot-Rolled Free-Cutting Steel Price in Ecuador (CIF) - 2022
- Hot-Rolled Free-Cutting Steel Price in Ecuador (FOB) - 2022
- Hot-Rolled Free-Cutting Steel Imports in Ecuador
- Hot-Rolled Free-Cutting Steel Exports in Ecuador
Hot-Rolled Free-Cutting Steel Price in Ecuador (CIF) - 2022
In 2022, the average hot-rolled free-cutting steel import price amounted to $1,461 per ton, with an increase of 1.6% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled free-cutting steel import price decreased by -39.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 84% against the previous year. As a result, import price reached the peak level of $2,426 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Chile ($17,400 per ton), while the price for Colombia ($319 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Hot-Rolled Free-Cutting Steel Price in Ecuador (FOB) - 2022
In 2022, the average hot-rolled free-cutting steel export price amounted to $1,027 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced expansion. The growth pace was the most rapid in 2017 when the average export price increased by 125%. As a result, the export price attained the peak level of $1,924 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($4,268 per ton), while the average price for exports to Colombia stood at $992 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+19.4%).
Hot-Rolled Free-Cutting Steel Imports in Ecuador
In 2022, purchases abroad of hot-rolled bars in free-cutting steels decreased by -27.8% to 17 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 501%.
In value terms, hot-rolled free-cutting steel imports fell significantly to $25K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 275%.
Import of Hot-Rolled Free-Cutting Steel in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 3.5 | 10.5 | 23.2 | 17.3 | 70.3% |
Colombia | 0.2 | 3.1 | 5.8 | 3.6 | 162.1% |
China | N/A | 1.3 | 3.9 | 3.4 | 61.7% |
United States | 0.5 | 0.9 | 1.1 | 0.7 | 11.9% |
Others | 0.2 | 0.4 | 0.5 | 0.3 | 14.5% |
Total | 4.3 | 16.1 | 34.5 | 25.3 | 80.5% |
Top Suppliers of Hot-Rolled Free-Cutting Steel to Ecuador in 2022:
- Colombia (11.3 tons)
- China (4.9 tons)
- Chile (1.0 tons)
- United States (0.7 tons)
Hot-Rolled Free-Cutting Steel Exports in Ecuador
In 2022, after three years of growth, there was decline in overseas shipments of hot-rolled bars in free-cutting steels, when their volume decreased by -0.3% to 6.4 tons. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year.
In value terms, hot-rolled free-cutting steel exports fell slightly to $6.5K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 100% against the previous year.
Export of Hot-Rolled Free-Cutting Steel in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 2.9 | 3.7 | 6.2 | 6.3 | 29.5% |
Panama | N/A | 1.8 | N/A | N/A | 0% |
Others | 0.4 | 1.0 | 0.4 | 0.3 | -9.1% |
Total | 3.3 | 6.5 | 6.6 | 6.5 | 25.4% |
Top Export Markets for Hot-Rolled Free-Cutting Steel from Ecuador in 2022:
- Colombia (6.3 tons)
This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels
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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