Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador - 2022
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $4,211 per ton, which is down by -7.2% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $5,331 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($32,020 per ton), while the price for Mexico ($3,478 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 (+18.4%), while the prices for the other major suppliers experienced a decline.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $16,786 per ton in 2022, picking up by 42% against the previous year. Over the period under review, the export price saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of 81%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +18.4% per year.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador
In 2022, imports of magnesium; articles thereof, including waste and scrap into Ecuador skyrocketed to 172 tons, with an increase of 62% against 2021. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of magnesium; articles thereof, including waste and scrap soared to $724K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 253 | 205 | 438 | 638 | 36.1% |
| United States | 47.1 | 28.9 | 18.1 | 40.7 | -4.8% |
| Colombia | 7.9 | 12.1 | 9.8 | 18.8 | 33.5% |
| Others | 34.3 | 41.9 | 16.3 | 27.2 | -7.4% |
| Total | 343 | 288 | 482 | 724 | 28.3% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Ecuador in 2022:
- China (165.2 tons)
- Colombia (3.8 tons)
- United States (1.3 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador
Exports of magnesium; articles thereof, including waste and scrap from Ecuador surged to 2.3 tons in 2022, rising by 170% against the year before. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of magnesium; articles thereof, including waste and scrap soared to $39K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 1.8 | 3.3 | 9.9 | 29.2 | 153.1% |
| Saudi Arabia | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | N/A | N/A | 9.5 | 0% |
| Total | 1.8 | 3.3 | 10.1 | 38.7 | 178.1% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Ecuador in 2022:
- Peru (1.4 tons)
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