Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $495 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +76.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($889 per ton), while the price for Costa Rica ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $400 per ton in 2022, with an increase of 3% against the previous year. In general, the export price, however, showed a mild downturn. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. The export price peaked at $464 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($485 per ton), while the average price for exports to Panama ($198 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 India (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Ecuador dropped to 236K tons, which is down by -14.9% on the previous year's figure. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 146% against the previous year. As a result, imports reached the peak of 277K tons, and then reduced in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded remarkably to $117M in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 232%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.7 | 20.7 | 73.3 | 82.4 | 39.0% |
| Costa Rica | 3.2 | 5.9 | 12.8 | 18.2 | 78.5% |
| Nicaragua | 2.4 | 2.0 | 14.7 | 14.3 | 81.3% |
| Dominican Republic | 2.8 | 1.1 | 1.7 | N/A | -22.1% |
| Chile | 3.3 | 1.2 | 1.0 | N/A | -45.0% |
| Others | 1.7 | 0.7 | 1.5 | 1.8 | 1.9% |
| Total | 44.3 | 31.6 | 105 | 117 | 38.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Ecuador in 2022:
- United States (158.0K tons)
- Costa Rica (41.9K tons)
- Nicaragua (31.0K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Ecuador surged to 19K tons in 2022, picking up by 22% against 2021 figures. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 84%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $7.7M in 2022. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 97%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,468 | 1,055 | 1,301 | 2,465 | 18.9% |
| United States | 159 | 453 | 2,082 | 1,298 | 101.4% |
| Spain | 383 | 165 | 163 | 1,003 | 37.8% |
| India | 1,441 | 1,122 | 884 | 737 | -20.0% |
| Taiwan (Chinese) | 409 | N/A | 109 | 653 | 16.9% |
| Thailand | 733 | 131 | 1,408 | 571 | -8.0% |
| Panama | N/A | 158 | 139 | 215 | 16.7% |
| Others | 259 | 4.1 | N/A | 715 | 40.3% |
| Total | 4,853 | 3,089 | 6,085 | 7,657 | 16.4% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Ecuador in 2022:
- Netherlands (6.8K tons)
- United States (3.7K tons)
- Spain (2.4K tons)
- India (1.9K tons)
- Taiwan (Chinese) (1.6K tons)
- Thailand (1.2K tons)
- Panama (1.1K tons)
349
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ecuador.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
349
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Ecuador.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
