Price for Mineral Substances Not Elsewhere Specified or Included in Ecuador - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Ecuador
- Exports of Mineral Substances Not Elsewhere Specified or Included in Ecuador
Price for Mineral Substances Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $266 per ton, falling by -11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $354 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($427 per ton), while the price for Peru ($102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $117 per ton in 2022, with a decrease of -15.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 56%. As a result, the export price attained the peak level of $139 per ton, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($361 per ton), while the average price for exports to Colombia ($74 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 Peru (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Mineral Substances Not Elsewhere Specified or Included in Ecuador
In 2022, imports of mineral substances not elsewhere specified or includeds into Ecuador soared to 21K tons, surging by 85% against the previous year. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of mineral substances not elsewhere specified or includeds skyrocketed to $5.5M in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Mineral Substances Not Elsewhere Specified or Included in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 312 | 412 | 534 | 2,298 | 94.6% |
| Peru | 322 | 245 | 553 | 1,156 | 53.1% |
| China | 241 | 18.8 | 402 | 577 | 33.8% |
| Spain | 659 | 478 | 741 | 490 | -9.4% |
| Mexico | 86.1 | 114 | 146 | 123 | 12.6% |
| Colombia | 50.2 | 13.1 | 133 | 102 | 26.7% |
| Others | 365 | 429 | 836 | 770 | 28.3% |
| Total | 2,036 | 1,711 | 3,345 | 5,517 | 39.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Ecuador in 2022:
- Peru (11.3K tons)
- Germany (6.3K tons)
- China (1.7K tons)
- Colombia (0.5K tons)
- Mexico (0.3K tons)
- Spain (0.1K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Ecuador
In 2022, exports of mineral substances not elsewhere specified or includeds from Ecuador surged to 3.3K tons, picking up by 99% against the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $392K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 124% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 65.9 | 80.6 | 117 | 132 | 26.1% |
| Peru | 3.9 | 1.8 | 6.3 | 110 | 204.4% |
| Belgium | 4.5 | N/A | N/A | 68.2 | 147.5% |
| Spain | 15.1 | N/A | 0.1 | 33.0 | 29.8% |
| Brazil | N/A | N/A | N/A | 15.3 | 0% |
| Guatemala | 12.9 | 16.5 | 18.7 | N/A | 20.4% |
| Others | 49.2 | 5.6 | 91.6 | 33.9 | -11.7% |
| Total | 152 | 105 | 234 | 392 | 37.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Ecuador in 2022:
- Colombia (1792.0 tons)
- Peru (1147.4 tons)
- Belgium (189.0 tons)
- Brazil (120.0 tons)
- Spain (50.0 tons)
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