Ecuador - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCold-Rolled Steel Products Price in Ecuador - 2022
Contents:
- Cold-Rolled Steel Products Price in Ecuador (CIF) - 2022
- Cold-Rolled Steel Products Price in Ecuador (FOB) - 2022
- Cold-Rolled Steel Products Imports in Ecuador
- Cold-Rolled Steel Products Exports in Ecuador
Cold-Rolled Steel Products Price in Ecuador (CIF) - 2022
The average cold-rolled steel products import price stood at $1,598 per ton in January 2022, reducing by -21.3% against the previous month. Over the period under review, the import price, however, posted a perceptible expansion. The growth pace was the most rapid in November 2021 when the average import price increased by 34% m-o-m. The import price peaked at $2,031 per ton in December 2021, and then declined notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was South Korea ($4,510 per ton), while the price for Russia ($1,290 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 South Korea (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Cold-Rolled Steel Products Price in Ecuador (FOB) - 2022
The average cold-rolled steel products export price stood at $4,260 per ton in 2022, with an increase of 167% against the previous year. In general, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($26,347 per ton), while the average price for exports to Estonia ($1,075 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 China (+85.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cold-Rolled Steel Products Imports in Ecuador
In 2022, imports of flat-rolled products of iron or steel (not further worked than cold-rolled) into Ecuador shrank to 55K tons, dropping by -10% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 61K tons, and then shrank in the following year.
In value terms, cold-rolled steel products imports shrank significantly to $56M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +29.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of $69M, and then contracted sharply in the following year.
| Import of Cold-Rolled Steel Products in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.4 | 22.2 | 43.1 | 33.2 | 9.3% |
| Japan | 1.2 | 1.4 | 1.6 | 3.1 | 37.2% |
| Taiwan (Chinese) | 3.7 | 3.0 | 3.1 | 2.9 | -7.8% |
| South Korea | 1.2 | 1.4 | 3.9 | 2.7 | 31.0% |
| Brazil | 2.8 | 3.3 | 2.6 | 2.5 | -3.7% |
| Mexico | 2.9 | 1.6 | 4.4 | 2.5 | -4.8% |
| Belgium | 2.0 | 2.2 | 0.6 | 1.2 | -15.7% |
| Russia | 1.0 | 0.9 | 1.0 | 0.9 | -3.5% |
| Hong Kong SAR | 0.4 | 0.5 | 1.9 | 0.9 | 31.0% |
| Venezuela | 1.0 | 0.8 | 0.7 | 0.6 | -15.7% |
| Others | 6.4 | 6.2 | 6.3 | 5.9 | -2.7% |
| Total | 48.0 | 43.4 | 69.2 | 56.3 | 5.5% |
Top Suppliers of Cold-Rolled Steel Products to Ecuador in 2022:
- China (31.1K tons)
- Japan (3.2K tons)
- Brazil (3.0K tons)
- South Korea (2.7K tons)
- Belgium (2.0K tons)
- Mexico (1.9K tons)
- Venezuela (1.8K tons)
- Taiwan (Chinese) (1.6K tons)
- Russia (1.5K tons)
- Hong Kong SAR (1.3K tons)
Cold-Rolled Steel Products Exports in Ecuador
In 2022, exports of flat-rolled products of iron or steel (not further worked than cold-rolled) from Ecuador totaled 291 tons, surging by 6.6% compared with 2021 figures. Overall, exports, however, saw a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 22%.
In value terms, cold-rolled steel products exports soared to $1.2M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cold-Rolled Steel Products in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 2.8 | 25.7 | 787 | 1576.5% |
| Peru | 135 | 129 | 150 | 193 | 12.7% |
| Bangladesh | 99.1 | 117 | 105 | 109 | 3.2% |
| Colombia | 36.3 | 24.9 | 52.2 | 77.1 | 28.5% |
| Estonia | 16.9 | 20.3 | 18.6 | 5.3 | -32.1% |
| Germany | 88.8 | N/A | N/A | N/A | 0% |
| Others | 30.9 | 40.3 | 84.3 | 67.4 | 29.7% |
| Total | 407 | 334 | 436 | 1,239 | 44.9% |
Top Export Markets for Cold-Rolled Steel Products from Ecuador in 2022:
- Bangladesh (98.8 tons)
- Peru (84.3 tons)
- China (29.9 tons)
- Colombia (26.8 tons)
- Estonia (4.9 tons)
This report provides an in-depth analysis of the cold-rolled steel products 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 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
- Prodcom 24104150 - Electrical sheet and strip, grain non-oriented of a width . .600 mm
- Prodcom 241041Z0 - Uncoated cold-rolled sheet, plate and strip (including electrical sheet and strip not finally annealed), of a width . .600 mm, of steel other than stainless steel
- Prodcom 24104200 - Cold-rolled sheet, plate and wide strip of a width of .600 mm or more (of stainless steel)
- Prodcom 24104300 - Flat-rolled products of alloy steel other than stainless, of a width of . .600 mm, simply cold-rolled (excluding products of high-speed steel or silicon-electrical steel)
- Prodcom 24321025 - Flat-rolled products of iron or non-alloy steel, of a width of < .600 mm, simply cold-rolled
- Prodcom 243210Z1 - Cold-rolled narrow strip and cold-rolled slit strip, of non-alloy steel and of alloy steel (other than stainless steel), of a width < .600 mm
- Prodcom 243210Z2 - Cold-rolled narrow strip and cold-rolled slit strip, of stainless steel (excluding insulated electric strip, corrugated strip with one edge serrated or bevelled), of a width < .600 mm
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
-
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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