Price for Hot-Rolled Wire Rod in Coils in Ecuador - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Ecuador (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Ecuador (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Ecuador
- Exports of Hot-Rolled Wire Rod in Coils in Ecuador
Price for Hot-Rolled Wire Rod in Coils in Ecuador (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $872 per ton, surging by 15% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +59.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Mexico ($3,338 per ton), while the price for Chile ($682 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Ecuador (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $1,016 per ton in 2022, rising by 32% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +85.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 41%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($1,596 per ton), while the average price for exports to Costa Rica ($553 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 Colombia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Ecuador
In 2022, supplies from abroad of hot-rolled wire rods in coils decreased by -48% to 20K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 69%. As a result, imports attained the peak of 57K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled wire rod in coils imports declined significantly to $17M in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. As a result, imports reached the peak of $31M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Hot-Rolled Wire Rod in Coils in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2.2 | 8.1 | 15.7 | 7.7 | 51.8% |
| Brazil | 12.2 | 13.8 | 5.1 | 6.5 | -18.9% |
| Mexico | 2.2 | 4.1 | 3.1 | 1.5 | -12.0% |
| China | 2.9 | 1.8 | 3.1 | 0.7 | -37.7% |
| Spain | N/A | 0.8 | N/A | N/A | 0% |
| Others | 1.6 | 2.8 | 1.8 | 0.8 | -20.6% |
| Total | 21.1 | 31.4 | 28.8 | 17.2 | -6.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Ecuador in 2022:
- Chile (11.3K tons)
- Brazil (6.6K tons)
- China (0.8K tons)
- Mexico (0.5K tons)
- Spain (0.1K tons)
Exports of Hot-Rolled Wire Rod in Coils in Ecuador
In 2022, exports of hot-rolled wire rods in coils from Ecuador shrank dramatically to 124 tons, declining by -30.2% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp descent.
In value terms, hot-rolled wire rod in coils exports contracted to $126K in 2022. Overall, exports faced a dramatic downturn.
| Export of Hot-Rolled Wire Rod in Coils in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 809 | 484 | 64.7 | 61.0 | -57.8% |
| Peru | 113 | 89.9 | 55.1 | 47.8 | -24.9% |
| Costa Rica | 25.3 | 23.4 | 16.8 | 17.0 | -12.4% |
| Dominican Republic | 134 | N/A | N/A | N/A | 0% |
| Chile | 42.1 | N/A | N/A | N/A | 0% |
| United States | 71.8 | N/A | N/A | N/A | 0% |
| Bolivia | 47.5 | 135 | N/A | N/A | 184.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,243 | 732 | 137 | 126 | -53.4% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Ecuador in 2022:
- Peru (54.8 tons)
- Colombia (38.2 tons)
- Costa Rica (30.7 tons)
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