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Ecuador - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEcuador: Semi-Manufactured Silver Market 2024
Semi-Manufactured Silver Market Size in Ecuador
In 2023, the Ecuadorian semi-manufactured silver market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.
Semi-Manufactured Silver Exports
Exports from Ecuador
After two years of growth, shipments abroad of silver in semi-manufactured forms decreased by X% to X kg in 2023. Over the period under review, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at X kg in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
In value terms, semi-manufactured silver exports dropped notably to $X in 2023. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
Exports by Country
The United States (X kg) was the main destination for semi-manufactured silver exports from Ecuador, accounting for a X% share of total exports. Moreover, semi-manufactured silver exports to the United States exceeded the volume sent to the second major destination, Peru (X kg), ninefold.
From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%.
In value terms, the United States ($X) emerged as the key foreign market for silver in semi-manufactured forms exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with an X% share of total exports.
From 2012 to 2023, the average annual growth rate of value to the United States stood at X%.
Export Prices by Country
In 2023, the average semi-manufactured silver export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed notable growth. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to the United States totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%).
Semi-Manufactured Silver Imports
Imports into Ecuador
Semi-manufactured silver imports into Ecuador skyrocketed to X tons in 2023, picking up by X% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.
In value terms, semi-manufactured silver imports contracted to $X in 2023. Overall, imports recorded measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then fell in the following year.
Imports by Country
In 2023, the United States (X tons) constituted the largest semi-manufactured silver supplier to Ecuador, with a X% share of total imports. Moreover, semi-manufactured silver imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X kg), more than tenfold. The third position in this ranking was held by China (X kg), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and China (X% per year).
In value terms, the United States ($X) constituted the largest supplier of silver in semi-manufactured forms to Ecuador, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with an X% share of total imports. It was followed by China, with a X% share.
From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and China (X% per year).
Import Prices by Country
In 2023, the average semi-manufactured silver import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, showed tangible growth. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Chile ($X,602 per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the semi-manufactured silver market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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