Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $632 per ton, reducing by -16.9% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth was the most pronounced in 2021 an increase of 39%. Over the period under review, average import prices attained the peak figure at $768 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 ($2,387 per ton), while the price for Chile ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $574 per ton, dropping by -25.7% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, the average export prices reached the maximum at $775 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($908 per ton), while the average price for exports to Costa Rica ($315 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 (+2.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Ecuador soared to 47K tons, surging by 26% on 2021 figures. In general, total imports indicated a prominent expansion 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 -17.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, imports reached the peak of 57K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded 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 in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2.6 | 8.8 | 16.7 | 13.8 | 74.4% |
| Brazil | 13.8 | 14.9 | 4.5 | 11.6 | -5.6% |
| Mexico | 2.4 | 4.1 | 3.0 | 2.5 | 1.4% |
| China | 0.8 | 1.4 | 3.1 | 1.1 | 11.2% |
| Others | 1.5 | 2.2 | 1.3 | 1.0 | -12.6% |
| Total | 21.0 | 31.4 | 28.6 | 30.0 | 12.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ecuador in 2022:
- Chile (27.6K tons)
- Brazil (16.3K tons)
- China (1.6K tons)
- Mexico (1.1K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses was finally on the rise to reach 754 tons after two years of decline. Over the period under review, exports, however, showed a significant decline.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $433K in 2022. In general, exports, however, recorded a dramatic shrinkage.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 325 | 96.3 | 59.8 | 190 | -16.4% |
| Colombia | 2,096 | 477 | 59.6 | 190 | -55.1% |
| Costa Rica | 72.4 | 23.1 | 15.5 | 52.8 | -10.0% |
| Chile | 120 | N/A | N/A | N/A | 0% |
| United States | 205 | N/A | N/A | N/A | 0% |
| Bolivia | 136 | 133 | N/A | N/A | -2.2% |
| Others | 29.5 | N/A | N/A | N/A | 0% |
| Total | 2,984 | 730 | 135 | 433 | -47.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Ecuador in 2022:
- Peru (377.4 tons)
- Colombia (208.7 tons)
- Costa Rica (167.8 tons)
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