Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (CIF) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (FOB) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (CIF) - 2022
In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $6,915 per ton, picking up by 38% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 56%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 ($50,750 per ton), while the price for Colombia amounted to $5,635 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (FOB) - 2022
In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $7,107 per ton, jumping by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 when the average export price increased by 33% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($8,000 per ton), while the average price for exports to Peru ($6,875 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 (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador
For the third year in a row, Ecuador recorded decline in overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which decreased by -98.7% to 282 kg in 2022. In general, imports faced a dramatic downturn. The smallest decline of -9.4% was in 2021.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses reduced rapidly to $1.9K in 2022. Over the period under review, imports showed a sharp setback. The smallest decline of -0.8% was in 2021.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 52.4 | 9.8 | 14.5 | 1.5 | -69.4% |
| United States | 12.3 | 0.7 | 0.7 | 0.4 | -68.1% |
| Peru | 42.2 | 6.0 | 8.5 | N/A | -55.1% |
| China | 1,001 | 91.4 | 83.3 | N/A | -71.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,108 | 108 | 107 | 1.9 | -88.0% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Ecuador in 2022:
- Colombia (274.0 kg)
- United States (8.0 kg)
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador
In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -92.5% to 28 kg, falling for the second year in a row after two years of growth. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 3.8%. As a result, the exports attained the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses fell dramatically to $199 in 2022. Over the period under review, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $7.4K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 3,068 | 2,927 | 528 | 110 | -67.0% |
| Colombia | 239 | 159 | 59.0 | 49.0 | -41.0% |
| Panama | 578 | 3,543 | 1,346 | 40.0 | -58.9% |
| Dominican Republic | 282 | 339 | 31.0 | N/A | -66.8% |
| El Salvador | 653 | 126 | 164 | N/A | -49.9% |
| Bolivia | 446 | 225 | 9.0 | N/A | -85.8% |
| Others | 112 | 99.0 | 51.0 | N/A | -32.5% |
| Total | 5,378 | 7,418 | 2,188 | 199 | -66.7% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Ecuador in 2022:
- Peru (16.0 kg)
- Colombia (7.0 kg)
- Panama (5.0 kg)
277
This report provides an in-depth analysis of the pig iron market in Ecuador.
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This report provides an in-depth analysis of the iron and steel market in Ecuador.
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This report provides an in-depth analysis of the global pig iron market.
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This report provides an in-depth analysis of the global iron and steel market.
277
This report provides an in-depth analysis of the pig iron market in Ecuador.
333
This report provides an in-depth analysis of the iron and steel market in Ecuador.
4422
This report provides an in-depth analysis of the global pig iron market.
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This report provides an in-depth analysis of the global iron and steel market.
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Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
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