Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $5,427 per ton in 2022, dropping by -23.4% against the previous year. In general, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2017 an increase of 64%. Over the period under review, average import prices attained the peak figure at $8,815 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,713 per ton), while the price for Peru amounted to $5,370 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+133.3%).
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s imported into Ecuador stood at 26 tons, surging by 12% against 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 7,014% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted to $142K in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 10,626% against the previous year. As a result, imports reached the peak of $165K, and then reduced in the following year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | 0.1 | N/A | 134 | 3560.6% |
| United States | 5.6 | 1.4 | 165 | 7.5 | 10.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.6 | 1.5 | 165 | 142 | 193.8% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Ecuador in 2022:
- Peru (25.0 tons)
- United States (1.1 tons)
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