Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador (CIF) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,295 per ton, growing by 20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,802 per ton), while the price for Mexico ($1,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador
In 2022, approx. 4.9K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Ecuador; with a decrease of -13.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 53%. As a result, imports attained the peak of 5.6K tons, and then reduced in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $11M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +82.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 1.8 | 3.9 | 5.5 | 45.1% |
| Belarus | 3.2 | 2.4 | 3.7 | 2.6 | -6.7% |
| Malaysia | N/A | 0.3 | 1.0 | 1.7 | 138.0% |
| South Korea | 0.1 | 0.4 | 1.0 | 0.8 | 100.0% |
| United States | 3.6 | 0.8 | 0.6 | 0.2 | -61.8% |
| Brazil | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Mexico | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 9.1 | 6.1 | 10.8 | 11.2 | 7.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Ecuador in 2022:
- China (2547.2 tons)
- Belarus (1124.1 tons)
- Malaysia (597.3 tons)
- South Korea (286.5 tons)
- Mexico (100.5 tons)
- Brazil (75.6 tons)
- Germany (70.3 tons)
- United States (46.2 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Ecuador.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Ecuador.
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This report provides an in-depth analysis of the market for iron and steel wire in Ecuador.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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