Report Update: May 1, 2024

Ecuador - Precious Metal Ores And Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Price for Precious Metal Ore and Concentrate in Ecuador - 2022

Price for Precious Metal Ore and Concentrate in Ecuador (FOB) - 2022

The average export price for precious metal ores and concentrates stood at $4,103 per ton in January 2022, with an increase of 3.5% against the previous month. Overall, export price indicated a modest increase from January 2021 to January 2022: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, precious metal ore and concentrate export price increased by +39.6% against October 2021 indices. The growth pace was the most rapid in November 2021 when the average export price increased by 58% month-to-month. Over the period under review, the average export prices hit record highs at $4,779 per ton in September 2021; however, from October 2021 to January 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($7,442 per ton), while the average price for exports to China ($1,388 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Precious Metal Ore and Concentrate in Ecuador (CIF) - 2022

The average import price for precious metal ores and concentrates stood at $60,399 per ton in 2022, increasing by 17% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 94% against the previous year. The import price peaked at $78,256 per ton in 2016; however, from 2017 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 Canada ($95,130 per ton), while the price for the United States totaled $12,532 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.8%).

Exports of Precious Metal Ore and Concentrate in Ecuador

In 2022, approx. 236K tons of precious metal ores and concentrates were exported from Ecuador; jumping by 49% against the year before. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, precious metal ore and concentrate exports skyrocketed to $890M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 265%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Precious Metal Ore and Concentrate in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	71.3	45.1	68.8	201	41.3%
Finland	19.3	146	138	190	114.3%
Canada	N/A	N/A	42.7	65.2	52.7%
Bulgaria	N/A	22.5	40.4	62.0	66.0%
Germany	6.5	17.0	37.7	56.0	105.0%
Others	1.8	131	263	316	459.9%
Total	98.8	361	591	890	108.1%

Top Export Markets for Precious Metal Ore and Concentrate from Ecuador in 2022:

China (145.1K tons)
Finland (25.7K tons)
Canada (8.8K tons)
Bulgaria (7.6K tons)
Germany (6.7K tons)

Imports of Precious Metal Ore and Concentrate in Ecuador

Precious metal ore and concentrate imports into Ecuador rose modestly to 371 kg in 2022, growing by 3.6% compared with 2021 figures. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, precious metal ore and concentrate imports soared to $22K in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 241% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Precious Metal Ore and Concentrate in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	5.1	4.1	16.9	20.5	59.0%
United States	1.2	1.3	1.6	2.0	18.6%
Others	N/A	N/A	N/A	N/A	0%
Total	6.3	5.4	18.6	22.4	52.6%

Top Suppliers of Precious Metal Ore and Concentrate to Ecuador in 2022:

Canada (215.0 kg)
United States (156.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for precious metal ore and concentrate in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291400 - Precious metal ores and concentrates

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023