Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $11,710 per ton in 2022, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 ($14,926 per ton), while the price for Italy ($7,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador (FOB) - 2022

In 2021, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $10,674 per ton, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 18%. As a result, the export price reached the peak level of $13,277 per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Germany amounted to +17.6% per year.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador

In 2022, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Ecuador skyrocketed to 299 tons, with an increase of 64% against the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +71.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $3.5M in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Ecuador in 2022:

1. Mexico (148.4 tons)
2. China (79.8 tons)
3. United States (27.0 tons)
4. Hong Kong SAR (25.0 tons)
5. Italy (10.2 tons)
6. Peru (6.6 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Ecuador

In 2021, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Ecuador stood at 4.3 tons, stabilizing at the year before. Overall, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses totaled $46K in 2021. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Ecuador in 2022:

1. Slovakia (4.3 tons)

Source: IndexBox Market Intelligence Platform