Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,399 per ton, standing approx. at the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, plated or coated with zincs increased by +53.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 51%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($2,598 per ton), while the average price for exports to Mexico ($1,038 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 Chile (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,162 per ton in 2022, declining by -19.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 148%. The import price peaked at $1,441 per ton in 2021, and then shrank sharply in the following year.
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 Mexico ($12,925 per ton), while the price for Hong Kong SAR ($1,037 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Ecuador declined modestly to 1.9K tons, which is down by -3.4% against the previous year's figure. Over the period under review, exports saw a precipitous slump.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs dropped to $2.6M in 2022. Overall, exports saw a precipitous decrease.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 4,053 | 2,902 | 421 | 863 | -40.3% |
| Chile | N/A | 814 | 2,232 | 768 | -2.9% |
| Colombia | 922 | 343 | 0.4 | 426 | -22.7% |
| United States | 304 | 173 | N/A | 266 | -4.4% |
| Dominican Republic | N/A | 23.5 | N/A | 72.4 | 75.5% |
| Mexico | 126 | 57.2 | 31.6 | 69.6 | -17.9% |
| Panama | 135 | N/A | N/A | 59.5 | -23.9% |
| Brazil | 642 | 345 | N/A | N/A | -46.3% |
| Others | 456 | 154 | N/A | 102 | -39.3% |
| Total | 6,637 | 4,812 | 2,685 | 2,627 | -26.6% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Ecuador in 2022:
- Costa Rica (625.2 tons)
- Chile (537.5 tons)
- Colombia (298.6 tons)
- United States (196.9 tons)
- Mexico (67.1 tons)
- Panama (48.1 tons)
- Dominican Republic (47.3 tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador
In 2022, approx. 56 tons of iron or non-alloy steel wire, plated or coated with zincs were imported into Ecuador; waning by -9.5% compared with 2021 figures. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 273%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs declined rapidly to $65K in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 307% against the previous year. As a result, imports reached the peak of $89K, and then contracted remarkably in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.4 | 4.4 | 72.3 | 52.3 | 10.8% |
| Hong Kong SAR | N/A | N/A | N/A | 9.3 | 0% |
| Colombia | 2.1 | 13.4 | 12.8 | 2.6 | 7.4% |
| Others | 5.6 | 4.0 | 3.7 | 0.5 | -55.3% |
| Total | 46.1 | 21.8 | 88.8 | 64.7 | 12.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Ecuador in 2022:
- China (45.5 tons)
- Hong Kong SAR (9.0 tons)
- Colombia (1.1 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 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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