Metals; Platinum, Semi-Manufactured Price in Ecuador - 2022

Metals; Platinum, Semi-Manufactured Price in Ecuador (CIF) - 2022

The average metals; platinum, semi-manufactured import price stood at $1,155,000 per ton in 2022, with an increase of 3.9% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 222% against the previous year. As a result, import price attained the peak level of $2,140 per kg. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -10.6% per year.

Metals; Platinum, Semi-Manufactured Price in Ecuador (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $6,862,000 per ton, reducing by -45.1% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 2,568%. Over the period under review, the average export prices hit record highs at $34,802,000 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,093,000 per ton), while the average price for exports to Germany amounted to $5,631,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.0%).

Metals; Platinum, Semi-Manufactured Imports in Ecuador

Metals; platinum, semi-manufactured imports into Ecuador reduced rapidly to 1 kg in 2022, with a decrease of -50% on the previous year's figure. Over the period under review, imports saw a sharp decline.

In value terms, metals; platinum, semi-manufactured imports reduced remarkably to $1.2K in 2022. Overall, imports faced a precipitous curtailment. The smallest decline of -27.9% was in 2020.

Import of Metals; Platinum, Semi-Manufactured in Ecuador (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	150	3,048	2,207	1,155	97.5%
Germany	4.0	37.0	16.0	N/A	100.0%
Others	4,126	N/A	N/A	N/A	0%
Total	4,280	3,085	2,223	1,155	-35.4%

Top Suppliers of Metals; Platinum, Semi-Manufactured to Ecuador in 2022:

United States (1.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Ecuador

Metals; platinum, semi-manufactured exports from Ecuador soared to 2 kg in 2022, growing by 100% compared with the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured exports rose notably to $14K in 2022. Overall, exports, however, saw a abrupt decrease.