Ecuador - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Ecuador - 2022
Contents:
- Argon Price in Ecuador (CIF) - 2022
- Argon Price in Ecuador (FOB) - 2022
- Argon Imports in Ecuador
- Argon Exports in Ecuador
Argon Price in Ecuador (CIF) - 2022
The average argon import price stood at $1.6 per cubic meter in 2022, growing by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 24%. Over the period under review, average import prices attained the peak figure at $2 per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($3.9 per cubic meter), while the price for China ($1.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Price in Ecuador (FOB) - 2022
In 2022, the average argon export price amounted to $2.7 per cubic meter, with a decrease of -13.2% against the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 82%. The export price peaked at $3.2 per cubic meter in 2021, and then declined 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 +5.0% per year.
Argon Imports in Ecuador
In 2022, purchases abroad of argon decreased by -16.6% to 154K cubic meters, falling for the second year in a row after two years of growth. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 169% against the previous year. As a result, imports reached the peak of 195K cubic meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, argon imports contracted to $239K in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131%. Over the period under review, imports hit record highs at $246K in 2021, and then declined slightly in the following year.
| Import of Argon in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 20.1 | 6.0 | 53.5 | 51.3 | 36.7% |
| United States | 9.1 | 29.0 | 19.5 | 49.7 | 76.1% |
| Colombia | 15.4 | 24.4 | 47.4 | 45.5 | 43.5% |
| Netherlands | 11.5 | 21.2 | 23.9 | 24.6 | 28.8% |
| China | 10.3 | 95.3 | 59.5 | 18.2 | 20.9% |
| Peru | 11.0 | 27.1 | 3.7 | 16.5 | 14.5% |
| Chile | 9.0 | 15.1 | 15.5 | 14.5 | 17.2% |
| Belgium | 9.5 | 8.3 | 8.9 | 4.7 | -20.9% |
| Others | 4.2 | 5.2 | 14.0 | 13.6 | 47.9% |
| Total | 100 | 231 | 246 | 239 | 33.7% |
Top Suppliers of Argon to Ecuador in 2022:
- Trinidad and Tobago (40.2K cubic meters)
- United States (38.3K cubic meters)
- Colombia (24.6K cubic meters)
- Netherlands (17.6K cubic meters)
- China (15.5K cubic meters)
- Peru (8.5K cubic meters)
- Chile (3.7K cubic meters)
- Belgium (2.4K cubic meters)
Argon Exports in Ecuador
After three years of growth, overseas shipments of argon decreased by -12.8% to 140K cubic meters in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 160K cubic meters, and then dropped in the following year.
In value terms, argon exports fell notably to $384K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 139%. Over the period under review, the exports attained the peak figure at $507K in 2021, and then dropped rapidly in the following year.
| Export of Argon in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 108 | 260 | 507 | 384 | 52.6% |
| Others | 1.2 | N/A | N/A | N/A | 0% |
| Total | 109 | 260 | 507 | 384 | 52.2% |
Top Export Markets for Argon from Ecuador in 2022:
- Peru (139.8K cubic meters)
This report provides an in-depth analysis of the argon 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 20111120 - Argon
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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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