Ecuador - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador - 2022
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (CIF) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (CIF) - 2022
In January 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $1,072 per ton, flattening at the previous month. Overall, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 104% against the previous month. As a result, import price attained the peak level of $1,489 per ton. From August 2021 to January 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 Brazil.
From January 2021 to January 2022, the rate of growth in terms of prices for China amounted to +9.4% per month.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (FOB) - 2022
In 2022, the average export price for hot-rolled non-alloy steel wire rods amounted to $574 per ton, which is down by -25.7% against the previous year. Overall, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 41%. As a result, the export price attained the peak level of $773 per ton, and then fell significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($584 per ton), while the average price for exports to Costa Rica ($362 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 the Dominican Republic (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador
In 2022, approx. 48K tons of hot-rolled non-alloy steel wire rods were imported into Ecuador; picking up by 19% on the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, imports reached the peak of 57K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled non-alloy steel wire rod imports rose slightly to $30M in 2022. The total import value increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 1.8 | 7.2 | 13.9 | 9.7 | 75.3% |
| Brazil | 11.4 | 12.4 | 4.3 | 8.5 | -9.3% |
| Spain | 1.8 | 4.9 | 4.0 | 5.8 | 47.7% |
| China | 3.0 | 1.1 | 2.6 | 2.8 | -2.3% |
| Mexico | 2.0 | 3.7 | 2.7 | 2.3 | 4.8% |
| Others | 1.2 | 2.1 | 1.3 | 1.0 | -5.9% |
| Total | 21.1 | 31.4 | 28.8 | 30.1 | 12.6% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Ecuador in 2022:
- Chile (18.3K tons)
- Spain (12.1K tons)
- Brazil (12.0K tons)
- China (4.0K tons)
- Mexico (0.8K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador
In 2022, shipments abroad of hot-rolled non-alloy steel wire rods was finally on the rise to reach 754 tons after two years of decline. In general, exports, however, recorded a sharp contraction.
In value terms, hot-rolled non-alloy steel wire rod exports soared to $433K in 2022. Over the period under review, exports, however, showed a dramatic contraction.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 903 | 482 | 63.8 | 387 | -24.6% |
| Peru | 123 | 89.7 | 54.4 | 33.3 | -35.3% |
| Costa Rica | 27.5 | 23.4 | 16.6 | 11.8 | -24.6% |
| Chile | 45.7 | N/A | N/A | N/A | 0% |
| United States | 78.0 | N/A | N/A | N/A | 0% |
| Bolivia | 51.6 | 135 | N/A | N/A | 161.6% |
| Others | 14.0 | N/A | N/A | N/A | 0% |
| Total | 1,243 | 730 | 135 | 433 | -29.6% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Ecuador in 2022:
- Colombia (663.0 tons)
- Peru (58.3 tons)
- Costa Rica (32.6 tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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