Price for Aluminium Waste and Scrap in Ecuador - 2022

Contents:

1. Price for Aluminium Waste and Scrap in Ecuador (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Ecuador (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Ecuador
4. Imports of Aluminium Waste and Scrap in Ecuador

Price for Aluminium Waste and Scrap in Ecuador (FOB) - 2022

In January 2022, the average aluminium waste and scrap export price amounted to $1,969 per ton, growing by 8.9% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in June 2021 an increase of 18% m-o-m. Over the period under review, the average export prices attained the maximum at $2,062 per ton in November 2021; however, from December 2021 to January 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was the United States ($2,465 per ton), while the average price for exports to India ($1,490 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium Waste and Scrap in Ecuador (CIF) - 2022

The average aluminium waste and scrap import price stood at $1,280 per ton in 2022, approximately reflecting the previous year. In general, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2017 an increase of 18%. The import price peaked at $2,082 per ton in 2018; however, from 2019 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 Panama ($1,692 per ton), while the price for Colombia ($800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the prices for the other major suppliers experienced a decline.

Exports of Aluminium Waste and Scrap in Ecuador

In 2022, aluminium waste and scrap exports from Ecuador declined sharply to 7.6K tons, which is down by -21.7% on the year before. Over the period under review, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 9.8K tons, and then reduced markedly in the following year.

In value terms, aluminium waste and scrap exports fell notably to $12M in 2022. In general, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports reached the peak of $17M, and then plummeted in the following year.

Top Export Markets for Aluminium Waste and Scrap from Ecuador in 2022:

1. Malaysia (2078.9 tons)
2. India (1557.5 tons)
3. Brazil (1381.3 tons)
4. South Korea (746.8 tons)
5. Mexico (489.2 tons)
6. Spain (446.4 tons)
7. Taiwan (Chinese) (404.7 tons)
8. China (205.7 tons)

Imports of Aluminium Waste and Scrap in Ecuador

In 2022, aluminium waste and scrap imports into Ecuador dropped remarkably to 4K tons, declining by -47% on the previous year's figure. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 2,441%. As a result, imports reached the peak of 7.5K tons, and then fell markedly in the following year.

In value terms, aluminium waste and scrap imports shrank remarkably to $5.1M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 1,978% against the previous year. As a result, imports attained the peak of $9.7M, and then fell significantly in the following year.

Top Suppliers of Aluminium Waste and Scrap to Ecuador in 2022:

1. Chile (1668.2 tons)
2. Peru (1378.0 tons)
3. Panama (712.2 tons)
4. Colombia (230.2 tons)

Source: IndexBox Market Intelligence Platform