Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (CIF) - 2022
In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,536 per ton, picking up by 113% against the previous year. Over the period under review, the import price posted pronounced growth. As a result, import price reached the peak level and is likely to continue 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 Spain ($11,217 per ton), while the price for the Netherlands ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $966 per ton, reducing by -12.9% against the previous year. Overall, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 72%. As a result, the export price reached the peak level of $2,054 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($20,690 per ton), while the average price for exports to Colombia totaled $954 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+60.9%), while the prices for the other major destinations experienced a decline.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador
In 2022, overseas purchases of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by -99% to 20K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 8.2% against the previous year. As a result, imports attained the peak of 2M tons, and then declined remarkably in the following year.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s fell remarkably to $30M in 2022. Overall, imports recorded a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $1.4B, and then declined notably in the following year.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 77.5 | 188 | 68.3 | 23.3 | -33.0% |
| Estonia | 103 | 39.5 | 4.2 | 3.9 | -66.4% |
| Colombia | 1.8 | 2.4 | 0.7 | 2.5 | 11.6% |
| South Korea | 144 | 659 | 854 | N/A | 143.5% |
| Argentina | N/A | N/A | 313 | N/A | 0% |
| United Kingdom | 76.3 | 93.9 | 30.9 | N/A | -36.4% |
| Singapore | N/A | 97.8 | 66.6 | N/A | -31.9% |
| Netherlands | 725 | 198 | 76.6 | N/A | -67.5% |
| Others | 12.5 | 5.4 | 32.9 | 0.4 | -68.3% |
| Total | 1,140 | 1,284 | 1,447 | 30.1 | -70.2% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Ecuador in 2022:
- United States (15.6K tons)
- Estonia (1.9K tons)
- Colombia (1.9K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador
For the third consecutive year, Ecuador recorded decline in overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which decreased by -98% to 87 tons in 2022. In general, exports recorded a dramatic contraction. The smallest decline of -50.9% was in 2020.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s shrank significantly to $84K in 2022. Overall, exports continue to indicate a dramatic curtailment. The smallest decline of -35.9% was in 2020.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.3 | 3.5 | 0.9 | 0.1 | -30.7% |
| Nicaragua | 6.5 | N/A | N/A | N/A | 0% |
| Bolivia | 9.6 | 7.1 | 3.7 | N/A | -37.9% |
| Others | 0.6 | 0.3 | 0.2 | N/A | -42.3% |
| Total | 17.0 | 10.9 | 4.8 | 0.1 | -81.9% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Ecuador in 2022:
- Colombia (86.9 tons)
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