Price for Powders of Pig Iron in Ecuador - 2022

Contents:

  1. Price for Powders of Pig Iron in Ecuador (CIF) - 2022
  2. Imports of Powders of Pig Iron in Ecuador

Price for Powders of Pig Iron in Ecuador (CIF) - 2022

In 2022, the average powders of pig iron import price amounted to $1,993 per ton, falling by -27.2% against the previous year. In general, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $2,739 per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,828 per ton), while the price for Germany ($1,374 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Powders of Pig Iron in Ecuador

In 2022, approx. 63 tons of powders of pig ira were imported into Ecuador; with an increase of 27% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, powders of pig iron imports reduced to $125K in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.

Import of Powders of Pig Iron in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil38.256.633.071.523.2%
Sweden13.210.913.328.829.7%
Germany13.012.46.817.09.4%
United States14.10.11.27.6-18.6%
ChinaN/A34.40.1N/A-99.7%
India14.7N/A77.6N/A129.8%
Others0.80.13.2N/A100.0%
Total94.011413512510.0%

Top Suppliers of Powders of Pig Iron to Ecuador in 2022:

  1. Brazil (29.5 tons)
  2. Sweden (18.1 tons)
  3. Germany (12.3 tons)
  4. United States (2.7 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Ecuador