Gold Compounds Price in Ecuador - 2021

Gold Compounds Price in Ecuador (CIF) - 2022

In 2022, the average gold compounds import price amounted to $1,177,186 per ton, shrinking by -23.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76%. The import price peaked at $4,471,700 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($33,996,000 per ton), while the price for Germany ($14,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+250.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Compounds Price in Ecuador (FOB) - 2022

The average gold compounds export price stood at $31,952,800 per ton in 2022, falling by -5.1% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 88% against the previous year. As a result, the export price attained the peak level of $54,631 per kg. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +9.3% per year.

Gold Compounds Imports in Ecuador

In 2022, after three years of growth, there was decline in supplies from abroad of gold compoundses, when their volume decreased by -2.3% to 129 kg. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 344%.

In value terms, gold compounds imports reduced rapidly to $152K in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 246%.

Import of Gold Compounds in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	4.4	53.1	61.5	64.5	144.7%
Brazil	16.8	19.3	73.0	34.0	26.5%
Argentina	7.6	27.6	20.1	22.3	43.2%
Switzerland	N/A	N/A	12.6	13.3	5.6%
France	N/A	N/A	12.5	8.8	-29.6%
Others	0.1	0.2	23.7	9.0	348.1%
Total	28.9	100	204	152	73.9%

Top Suppliers of Gold Compounds to Ecuador in 2022:

Switzerland (107.0 kg)
Argentina (11.0 kg)
Colombia (6.0 kg)
Brazil (1.0 kg)
France (1.0 kg)

Gold Compounds Exports in Ecuador

In 2022, the amount of gold compoundses exported from Ecuador totaled 5 kg, remaining constant against 2021. The total export volume increased at an average annual rate of +7.7% 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 2020 when exports increased by 25%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gold compounds exports reduced to $160K in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 11%.