Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $3,372 per ton in 2022, increasing by 30% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $3,541 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 Italy ($10,285 per ton), while the price for China ($2,417 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $6,270 per ton, picking up by 296% against the previous year. Overall, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +9.6% per year.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Ecuador skyrocketed to 2.5K tons, with an increase of 17% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +69.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $8.5M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.6 | 1.6 | 2.4 | 4.3 | 18.3% |
| China | 1.1 | 0.9 | 2.4 | 3.1 | 41.3% |
| Italy | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 0.8 | 0.6 | 0.7 | 0.5 | -14.5% |
| Total | 4.5 | 3.2 | 5.6 | 8.5 | 23.6% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Ecuador in 2022:
- China (1291.2 tons)
- India (1120.2 tons)
- Italy (51.9 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador
In 2022, shipments abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -78% to 1.4 tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 446%. As a result, the exports reached the peak of 9.3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses reduced to $8.9K in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 189% against the previous year. As a result, the exports attained the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.6 | 1.7 | 0.7 | 1.6 | 38.7% |
| Peru | 1.1 | 4.8 | 3.0 | N/A | 65.1% |
| France | 0.7 | 1.9 | 0.8 | N/A | 6.9% |
| Pakistan | 0.7 | 6.8 | 3.0 | N/A | 107.0% |
| Others | 4.4 | 6.2 | 2.7 | 7.3 | 18.4% |
| Total | 7.4 | 21.4 | 10.2 | 8.9 | 6.3% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Ecuador in 2022:
- Colombia (726.0 kg)
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