Price for Iron and Non-Alloy Steel in Ingot in Ecuador - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Ecuador (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Ecuador
Price for Iron and Non-Alloy Steel in Ingot in Ecuador (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $1,754 per ton, with an increase of 16% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 34% against the previous year. The import price peaked at $4,097 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,746 per ton), while the price for Brazil amounted to $370 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+14.3%), while the prices for the other major suppliers experienced a decline.
Imports of Iron and Non-Alloy Steel in Ingot in Ecuador
In 2022, purchases abroad of iron and non-alloy steel in ingots decreased by -1.6% to 54 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 57%. As a result, imports reached the peak of 55 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron and non-alloy steel in ingots rose sharply to $94K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 32%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Import of Iron and Non-Alloy Steel in Ingot in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.2 | 18.1 | 17.4 | 94.0 | 87.8% |
Brazil | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
South Korea | 13.7 | 17.1 | 13.7 | N/A | 0.0% |
Peru | 0.3 | 0.4 | 35.0 | N/A | 980.1% |
United States | 25.1 | 23.7 | 14.2 | N/A | -24.8% |
Others | 2.7 | 3.0 | 2.3 | 0.1 | -66.7% |
Total | 56.2 | 62.4 | 82.7 | 94.5 | 18.9% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Ecuador in 2022:
- China (53.8 tons)
- Brazil (1.0 tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Ecuador.
This report provides an in-depth analysis of the iron and steel market in Ecuador.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Ecuador.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
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