Report Update: May 1, 2024

Ecuador - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights

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Metal Link Chain Price in Ecuador - 2022

Metal Link Chain Price in Ecuador (CIF) - 2022

The average metal link chain import price stood at $3,936 per ton in 2022, reducing by -9.3% against the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The import price peaked at $5,878 per ton in 2014; however, from 2015 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 Japan ($31,694 per ton), while the price for China ($2,113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Link Chain Price in Ecuador (FOB) - 2022

The average metal link chain export price stood at $10,135 per ton in 2022, picking up by 2.8% against the previous year. Overall, the export price recorded a perceptible increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 90% against the previous year. As a result, the export price attained the peak level of $18,491 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($42,714 per ton), while the average price for exports to Spain ($1,507 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 Malaysia (+126.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports in Ecuador

In 2022, overseas purchases of iron or steel articulated link chain decreased by -6.6% to 747 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 8.4% against the previous year. As a result, imports reached the peak of 800 tons, and then declined in the following year.

In value terms, metal link chain imports dropped dramatically to $2.9M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $3.5M, and then declined remarkably in the following year.

Import of Metal Link Chain in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,256	1,446	1,916	1,270	0.4%
Germany	196	54.4	124	195	-0.2%
South Korea	264	26.3	10.7	98.1	-28.1%
Mexico	1.4	3.9	11.4	95.1	308.0%
United States	319	159	256	90.6	-34.3%
Panama	68.9	67.9	70.6	72.6	1.8%
South Africa	55.6	53.9	66.1	66.6	6.2%
Others	649	598	1,018	1,054	17.5%
Total	2,809	2,409	3,472	2,941	1.5%

Top Suppliers of Metal Link Chain to Ecuador in 2022:

China (601.0 tons)
Germany (18.6 tons)
Mexico (16.2 tons)
South Africa (15.9 tons)
Panama (14.5 tons)
South Korea (12.0 tons)
United States (11.5 tons)

Metal Link Chain Exports in Ecuador

In 2022, overseas shipments of iron or steel articulated link chain increased by 30% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt setback.

In value terms, metal link chain exports soared to $16K in 2022. Overall, exports, however, showed a dramatic curtailment.

Export of Metal Link Chain in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	1.6	0.8	2.3	4.9	45.2%
United States	3.3	1.3	2.1	3.7	3.9%
Germany	16.9	6.4	2.8	2.7	-45.7%
Colombia	9.4	7.0	2.4	2.4	-36.6%
Panama	0.1	2.2	0.9	0.9	108.0%
Costa Rica	3.1	1.9	0.8	0.9	-33.8%
Spain	0.1	0.1	N/A	0.1	0.0%
Belarus	2.4	N/A	N/A	N/A	0%
Others	6.1	N/A	0.4	N/A	-74.4%
Total	42.9	19.6	11.7	15.7	-28.5%

Top Export Markets for Metal Link Chain from Ecuador in 2022:

United States (495.0 kg)
Peru (434.0 kg)
Panama (394.0 kg)
Costa Rica (80.0 kg)
Spain (67.0 kg)
Colombia (56.0 kg)
Germany (19.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal link chain 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 28152170 - Iron or steel articulated link chain (excluding roller chain)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023