Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $2,844 per ton in 2022, growing by 1.9% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $5,932 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Brazil ($13,703 per ton), while the price for Venezuela ($1,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $6,057 per ton, with an increase of 42% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81%. As a result, the export price reached the peak level of $8,647 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($10,571 per ton), while the average price for exports to Brazil ($1,799 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 Panama (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador

For the fourth year in a row, Ecuador recorded growth in purchases abroad of tube or pipe fittings of non-malleable cast iron, which increased by 22% to 884 tons in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 66%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of tube or pipe fittings of non-malleable cast iron skyrocketed to $2.5M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 77%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Ecuador in 2022:

1. China (305.6 tons)
2. Colombia (259.1 tons)
3. United States (70.1 tons)
4. Taiwan (Chinese) (55.0 tons)
5. Venezuela (51.7 tons)
6. Spain (49.9 tons)
7. United Kingdom (40.4 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Ecuador

In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe fittings of non-malleable cast iron, when their volume decreased by -17.2% to 619 kg. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year.

In value terms, exports of tube or pipe fittings of non-malleable cast iron surged to $3.7K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 68%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Ecuador in 2022:

1. South Africa (247.0 kg)
2. Brazil (199.0 kg)
3. Panama (111.0 kg)
4. Peru (52.0 kg)

Source: IndexBox Market Intelligence Platform