Price for Chain and Parts Thereof, of Iron or Steel in Ecuador - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Ecuador (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Ecuador (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Ecuador
4. Exports of Chain and Parts Thereof, of Iron or Steel in Ecuador

Price for Chain and Parts Thereof, of Iron or Steel in Ecuador (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $3,099 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. The import price peaked at $4,314 per ton in 2012; however, from 2013 to 2022, import prices stood 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 the United States ($8,114 per ton), while the price for China ($1,944 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Ecuador (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $7,290 per ton in 2022, falling by -47.7% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 106%. Over the period under review, the average export prices attained the peak figure at $13,931 per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($19,693 per ton), while the average price for exports to Chile ($847 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Ecuador

In 2022, the amount of chain and parts thereof, of iron or steel imported into Ecuador skyrocketed to 4.1K tons, jumping by 50% on 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel skyrocketed to $13M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +61.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Ecuador in 2022:

1. China (3276.1 tons)
2. United States (242.0 tons)
3. Colombia (69.4 tons)
4. Spain (67.9 tons)
5. Germany (64.1 tons)
6. Mexico (26.2 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Ecuador

In 2022, overseas shipments of chain and parts thereof, of iron or steel were finally on the rise to reach 20 tons after two years of decline. In general, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel soared to $155K in 2022. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Ecuador in 2022:

1. Chile (4.3 tons)
2. Panama (2.3 tons)
3. United States (1.7 tons)
4. Colombia (0.6 tons)
5. Peru (0.5 tons)

Source: IndexBox Market Intelligence Platform