Aluminium Wire Price in Ecuador - 2022

Aluminium Wire Price in Ecuador (CIF) - 2022

The average aluminium wire import price stood at $3,380 per ton in January 2022, which is down by -17.3% against the previous month. In general, import price indicated notable growth from January 2021 to January 2022: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, aluminium wire import price decreased by -17.3% against December 2021 indices. The pace of growth was the most pronounced in September 2021 an increase of 35% month-to-month. As a result, import price attained the peak level of $4,312 per ton. From October 2021 to January 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Bahrain ($3,550 per ton), while the price for China ($2,846 per ton) was amongst the lowest.

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

Aluminium Wire Price in Ecuador (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $4,114 per ton, with a decrease of -8.8% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 108%. The export price peaked at $4,511 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($4,621 per ton), while the average price for exports to Brazil ($615 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Imports in Ecuador

In 2022, approx. 5.7K tons of aluminium wires were imported into Ecuador; which is down by -11.6% against 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. As a result, imports reached the peak of 6.5K tons, and then fell in the following year.

In value terms, aluminium wire imports contracted significantly to $16M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +33.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 67%. As a result, imports attained the peak of $20M, and then contracted rapidly in the following year.

Import of Aluminium Wire in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bahrain	4.2	2.7	5.3	4.4	1.6%
China	1.1	1.5	3.9	3.2	42.8%
India	1.3	2.2	3.4	2.7	27.6%
Russia	4.3	2.1	3.1	2.5	-16.5%
Oman	0.1	0.6	0.9	0.7	91.3%
United States	0.1	1.3	0.6	0.5	71.0%
Venezuela	0.6	0.1	0.6	0.5	-5.9%
Spain	0.2	0.3	0.6	0.5	35.7%
Canada	0.5	0.5	0.3	0.1	-41.5%
Others	0.6	0.9	1.2	0.7	5.3%
Total	13.1	12.0	20.0	16.0	6.9%

Top Suppliers of Aluminium Wire to Ecuador in 2022:

Bahrain (1689.1 tons)
India (1204.7 tons)
Russia (1139.5 tons)
China (540.2 tons)
Oman (311.8 tons)
United States (217.3 tons)
Spain (171.6 tons)
Venezuela (171.5 tons)
Canada (64.8 tons)

Aluminium Wire Exports in Ecuador

In 2022, the amount of aluminium wires exported from Ecuador skyrocketed to 19 tons, picking up by 35% compared with the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 253% against the previous year. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium wire exports soared to $79K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 357%. As a result, the exports attained the peak of $94K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Aluminium Wire in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	9.7	38.8	27.5	40.4	60.9%
Peru	9.7	51.4	34.3	34.4	52.5%
United States	0.9	3.1	1.7	3.2	52.6%
Brazil	0.1	0.5	0.3	0.3	44.2%
Others	0.2	0.4	0.9	1.1	76.5%
Total	20.6	94.2	64.7	79.5	56.9%