Copper Wire Price in Ecuador - 2022

Contents:

1. Copper Wire Price in Ecuador (CIF) - 2022
2. Copper Wire Price in Ecuador (FOB) - 2022
3. Copper Wire Imports in Ecuador
4. Copper Wire Exports in Ecuador

Copper Wire Price in Ecuador (CIF) - 2022

The average copper wire import price stood at $10,186 per ton in January 2022, with an increase of 3.9% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs in January 2022.

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

From January 2021 to January 2022, the rate of growth in terms of prices for Peru amounted to +1.8% per month.

Copper Wire Price in Ecuador (FOB) - 2022

The average copper wire export price stood at $6,412 per ton in 2022, which is down by -3.9% against the previous year. In general, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 an increase of 39%. Over the period under review, the average export prices reached the peak figure at $7,358 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -1.4% per year.

Copper Wire Imports in Ecuador

In 2022, copper wire imports into Ecuador dropped to 5K tons, which is down by -12.6% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 5.7K tons, and then contracted in the following year.

In value terms, copper wire imports shrank significantly to $40M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 86%. As a result, imports reached the peak of $53M, and then contracted markedly in the following year.

Top Suppliers of Copper Wire to Ecuador in 2022:

1. Peru (4.7K tons)
2. Chile (0.2K tons)

Copper Wire Exports in Ecuador

After two years of decline, shipments abroad of copper wires increased by 8.1% to 87 tons in 2022. In general, exports, however, recorded a pronounced shrinkage.

In value terms, copper wire exports stood at $559K in 2022. Overall, exports, however, continue to indicate a pronounced downturn.

Top Export Markets for Copper Wire from Ecuador in 2022:

1. Colombia (87.1 tons)

Source: IndexBox Market Intelligence Platform