Price for Safety Pins and Other Pins; of Iron or Steel in Ecuador - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Ecuador (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Ecuador (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Ecuador
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Ecuador

Price for Safety Pins and Other Pins; of Iron or Steel in Ecuador (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $4,311 per ton, growing by 39% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($21,128 per ton), while the price for China ($3,709 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Ecuador (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $1,000 per ton, falling by -90.3% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 794%. Over the period under review, the average export prices hit record highs at $20,391 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($1,000 per ton) and Panama ($1,000 per ton), while the average price for exports to Canada ($1,000 per ton) and France ($1,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Ecuador

In 2022, imports of safety pins and other pins; of iron or steels into Ecuador dropped markedly to 26 tons, which is down by -34.6% against the previous year's figure. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 146%. As a result, imports attained the peak of 40 tons, and then fell rapidly in the following year.

In value terms, imports of safety pins and other pins; of iron or steels declined to $113K in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 118% against the previous year. As a result, imports reached the peak of $124K, and then dropped in the following year.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Ecuador in 2022:

1. China (25.0 tons)
2. Spain (0.4 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Ecuador

For the third consecutive year, Ecuador recorded decline in overseas shipments of safety pins and other pins; of iron or steels, which decreased by -33.3% to 4 kg in 2022. In general, exports recorded a dramatic contraction.

In value terms, exports of safety pins and other pins; of iron or steels reduced dramatically to $4 in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Ecuador in 2022:

1. Canada (1.0 kg)
2. Panama (1.0 kg)
3. Indonesia (1.0 kg)
4. France (1.0 kg)

Source: IndexBox Market Intelligence Platform