Price for Ferrous Waste and Scrap; of Stainless Steel in Ecuador - 2022

Contents:

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

Price for Ferrous Waste and Scrap; of Stainless Steel in Ecuador (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,676 per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $1,775 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,169 per ton), while the average price for exports to Panama ($867 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 Thailand (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Ecuador (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $1,519 per ton in 2022, dropping by -32.2% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 424% against the previous year. Over the period under review, average import prices hit record highs at $2,242 per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,474 per ton), while the price for Chile stood at $1,375 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+85.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Ecuador

In 2022, exports of ferrous waste and scrap; of stainless steels from Ecuador expanded modestly to 4.6K tons, growing by 3.1% against the previous year's figure. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of ferrous waste and scrap; of stainless steels surged to $7.7M in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Ecuador in 2022:

1. Netherlands (1236.7 tons)
2. United States (569.0 tons)
3. China (531.9 tons)
4. Spain (520.2 tons)
5. India (451.4 tons)
6. Thailand (416.3 tons)
7. Taiwan (Chinese) (403.6 tons)
8. Panama (235.6 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Ecuador

For the fourth year in a row, Ecuador recorded growth in overseas purchases of ferrous waste and scrap; of stainless steels, which increased by 147% to 6 tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of stainless steels surged to $9.1K in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 209% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Ecuador in 2022:

1. Chile (5.2 tons)
2. United States (0.8 tons)

Source: IndexBox Market Intelligence Platform