Price for Copper; Refined and Copper Alloys, Unwrought in Ecuador - 2022

Contents:

1. Price for Copper; Refined and Copper Alloys, Unwrought in Ecuador (CIF) - 2022
2. Price for Copper; Refined and Copper Alloys, Unwrought in Ecuador (FOB) - 2022
3. Imports of Copper; Refined and Copper Alloys, Unwrought in Ecuador
4. Exports of Copper; Refined and Copper Alloys, Unwrought in Ecuador

Price for Copper; Refined and Copper Alloys, Unwrought in Ecuador (CIF) - 2022

The average import price for copper; refined and copper alloys, unwroughts stood at $8,841 per ton in 2022, declining by -5.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 40%. As a result, import price attained the peak level of $9,377 per ton, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($11,467 per ton), while the price for Peru stood at $8,692 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.5%).

Price for Copper; Refined and Copper Alloys, Unwrought in Ecuador (FOB) - 2022

In 2022, the average export price for copper; refined and copper alloys, unwroughts amounted to $5,438 per ton, with an increase of 6.7% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined and copper alloys, unwroughts increased by +60.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 50%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6,128 per ton), while the average price for exports to Hong Kong SAR ($3,994 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 Panama (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Refined and Copper Alloys, Unwrought in Ecuador

In 2022, imports of copper; refined and copper alloys, unwroughts into Ecuador declined dramatically to 1.1K tons, with a decrease of -24.5% compared with 2021 figures. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports attained the peak of 1.4K tons, and then dropped markedly in the following year.

In value terms, imports of copper; refined and copper alloys, unwroughts fell significantly to $9.6M in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 159%. As a result, imports attained the peak of $13M, and then contracted dramatically in the following year.

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Ecuador in 2022:

1. Peru (1025.8 tons)
2. Spain (29.8 tons)
3. United States (4.3 tons)

Exports of Copper; Refined and Copper Alloys, Unwrought in Ecuador

After two years of decline, overseas shipments of copper; refined and copper alloys, unwroughts increased by 13% to 1.3K tons in 2022. In general, exports, however, showed a deep downturn.

In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $7M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Ecuador in 2022:

1. China (722.2 tons)
2. Germany (183.9 tons)
3. Hong Kong SAR (147.2 tons)
4. Netherlands (108.2 tons)
5. Panama (41.3 tons)
6. United States (31.3 tons)
7. South Korea (24.6 tons)

Source: IndexBox Market Intelligence Platform