Ecuador - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in Ecuador - 2022
Contents:
- Flat-Rolled Steel Products Price in Ecuador (CIF) - 2022
- Flat-Rolled Steel Products Price in Ecuador (FOB) - 2021
- Flat-Rolled Steel Products Imports in Ecuador
- Flat-Rolled Steel Products Exports in Ecuador
Flat-Rolled Steel Products Price in Ecuador (CIF) - 2022
The average flat-rolled steel products import price stood at $1,679 per ton in January 2022, increasing by 40% against the previous month. Over the period under review, import price indicated a moderate expansion from January 2021 to January 2022: its price increased at an average monthly rate of +2.0% 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, flat-rolled steel products import price increased by +58.9% against October 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,784 per ton), while the price for the United States ($997 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 Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Flat-Rolled Steel Products Price in Ecuador (FOB) - 2021
In November 2020, the average flat-rolled steel products export price amounted to $1,087 per ton, shrinking by -2.9% against the previous month. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in October 2020 an increase of 37% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,460 per ton in May 2020; however, from June 2020 to November 2020, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From May 2020 to November 2020, the rate of growth in terms of prices for Spain amounted to -2.9% per month.
Flat-Rolled Steel Products Imports in Ecuador
In 2022, imports of flat-rolled products of iron or non-alloy steel into Ecuador fell to 5.5K tons, declining by -8.2% compared with the year before. In general, imports showed a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year.
In value terms, flat-rolled steel products imports declined to $6.3M in 2022. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 19%.
| Import of Flat-Rolled Steel Products in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 874 | 824 | 1,213 | 1,907 | 29.7% |
| Germany | 2,814 | 1,091 | 311 | 1,171 | -25.3% |
| Netherlands | 330 | 617 | 601 | 948 | 42.2% |
| United States | 881 | 655 | 490 | 796 | -3.3% |
| Japan | 381 | 357 | 252 | 397 | 1.4% |
| South Korea | 101 | 32.0 | 179 | 282 | 40.8% |
| Belgium | 133 | 441 | 91.2 | 212 | 16.8% |
| Spain | 146 | 254 | 117 | 185 | 8.2% |
| Brazil | 442 | 241 | 128 | 183 | -25.5% |
| France | 582 | 269 | 21.3 | 152 | -36.1% |
| Vietnam | N/A | 886 | N/A | N/A | 0% |
| Others | 202 | 106 | 3,463 | 89.5 | -23.8% |
| Total | 6,884 | 5,775 | 6,867 | 6,321 | -2.8% |
Top Suppliers of Flat-Rolled Steel Products to Ecuador in 2022:
- China (1459.0 tons)
- Germany (1057.8 tons)
- Netherlands (1032.3 tons)
- United States (765.0 tons)
- Japan (358.3 tons)
- Brazil (182.2 tons)
- France (157.8 tons)
- South Korea (153.9 tons)
- Belgium (136.3 tons)
- Spain (115.7 tons)
Flat-Rolled Steel Products Exports in Ecuador
In 2022, shipments abroad of flat-rolled products of iron or non-alloy steel was finally on the rise to reach 128 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a precipitous descent.
In value terms, flat-rolled steel products exports amounted to $188K in 2022. Overall, exports, however, showed a abrupt downturn.
| Export of Flat-Rolled Steel Products in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 39.4 | 41.1 | 42.4 | 155 | 57.9% |
| Peru | 4.1 | 4.7 | 5.2 | 17.6 | 62.5% |
| China | 6.2 | 4.5 | 3.1 | 14.4 | 32.4% |
| Spain | N/A | 155 | N/A | N/A | 0% |
| Kenya | 142 | N/A | N/A | N/A | 0% |
| Chile | 42.2 | N/A | 119 | N/A | 67.9% |
| Others | 15.5 | 0.1 | 0.1 | 0.3 | -73.2% |
| Total | 249 | 206 | 169 | 188 | -8.9% |
Top Export Markets for Flat-Rolled Steel Products from Ecuador in 2022:
- Nepal (76.5 tons)
- Peru (34.0 tons)
- China (16.7 tons)
This report provides an in-depth analysis of the flat-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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, 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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