Sulphates; of Copper Price in Ecuador - 2022

Sulphates; of Copper Price in Ecuador (CIF) - 2022

The average sulphates; of copper import price stood at $2,993 per ton in January 2022, with an increase of 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2021 an increase of 23% m-o-m. Over the period under review, average import prices hit record highs in January 2022.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the countries with the highest prices were Colombia ($4,041 per ton) and Mexico ($3,250 per ton), while the price for Peru ($2,700 per ton) and Chile ($3,050 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Ecuador (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $2,882 per ton, reducing by -3.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12%. As a result, the export price attained the peak level of $2,979 per ton, and then reduced slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -0.0% per year.

Sulphates; of Copper Imports in Ecuador

In 2022, approx. 1.4K tons of sulphates; of coppers were imported into Ecuador; picking up by 31% against the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 50% against the previous year. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphates; of copper imports skyrocketed to $2.9M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Import of Sulphates; of Copper in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	1,672	2,222	1,810	2,220	9.9%
Mexico	519	364	63.4	149	-34.0%
Chile	46.0	99.1	101	129	41.0%
Colombia	52.5	103	63.7	78.2	14.2%
Taiwan (Chinese)	104	129	45.5	61.0	-16.3%
China	192	263	73.2	58.6	-32.7%
Russia	110	63.7	6.2	27.0	-37.4%
Others	133	205	125	145	2.9%
Total	2,829	3,450	2,287	2,868	0.5%

Top Suppliers of Sulphates; of Copper to Ecuador in 2022:

Peru (1158.8 tons)
Mexico (86.8 tons)
Chile (56.0 tons)
Taiwan (Chinese) (36.4 tons)
Colombia (27.3 tons)
China (26.4 tons)
Russia (16.5 tons)

Sulphates; of Copper Exports in Ecuador

In 2022, sulphates; of copper exports from Ecuador shrank remarkably to 12 tons, which is down by -28.1% compared with the previous year's figure. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 128%.

In value terms, sulphates; of copper exports fell remarkably to $35K in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 155% against the previous year.