Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $8.6 per unit in 2022, surging by 15% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $8.6 per unit in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18 per unit), while the price for Hong Kong SAR ($2.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $4.9 per unit, growing by 34% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 151% against the previous year. Over the period under review, the average export prices hit record highs at $11 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($21 per unit), while the average price for exports to Chile ($900 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador

In 2022, imports of sanitary ware and parts thereof, of iron or steel into Ecuador contracted significantly to 1.3M units, reducing by -24.3% on 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +33.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, imports attained the peak of 1.7M units, and then shrank rapidly in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel reduced to $11M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. As a result, imports attained the peak of $13M, and then shrank in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Ecuador in 2022:

1. China (873.0K units)
2. Brazil (197.9K units)
3. Spain (104.3K units)
4. Hong Kong SAR (38.8K units)
5. Mexico (18.2K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ecuador

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Ecuador contracted rapidly to 9K units, with a decrease of -58.8% against 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 615% against the previous year. As a result, the exports attained the peak of 22K units, and then shrank significantly in the following year.

In value terms, exports of sanitary ware and parts thereof, of iron or steel reduced remarkably to $44K in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 477%. As a result, the exports attained the peak of $79K, and then shrank rapidly in the following year.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Ecuador in 2022:

1. Guatemala (3.8K units)
2. Panama (2.1K units)
3. Bolivia (1.1K units)
4. Brazil (0.6K units)
5. Chile (0.5K units)
6. Haiti (0.4K units)
7. Colombia (0.2K units)

Source: IndexBox Market Intelligence Platform