Price for Steel, Stainless; Angles, Shapes and Sections in Ecuador - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Ecuador (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Ecuador (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Ecuador
- Exports of Steel, Stainless; Angles, Shapes and Sections in Ecuador
Price for Steel, Stainless; Angles, Shapes and Sections in Ecuador (CIF) - 2022
The average import price for steel, stainless stood at $2,618 per ton in 2022, rising by 14% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $3,838 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,796 per ton), while the price for China stood at $2,044 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%).
Price for Steel, Stainless; Angles, Shapes and Sections in Ecuador (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $5,867 per ton, increasing by 79% against the previous year. In general, the export price saw prominent growth. The growth pace was the most rapid in 2018 an increase of 105% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +8.2% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Ecuador
In 2022, approx. 689 tons of steel, stainless were imported into Ecuador; declining by -20.8% compared with 2021. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 128% against the previous year. As a result, imports attained the peak of 870 tons, and then contracted markedly in the following year.
In value terms, imports of steel, stainless fell to $1.8M in 2022. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 156% against the previous year. As a result, imports reached the peak of $2M, and then dropped in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 628 | 465 | 1,422 | 965 | 15.4% |
| India | 677 | 206 | 488 | 812 | 6.2% |
| Others | 86.9 | 112 | 94.7 | 24.8 | -34.2% |
| Total | 1,392 | 783 | 2,005 | 1,802 | 9.0% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Ecuador in 2022:
- China (472.3 tons)
- India (213.8 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Ecuador
For the fourth consecutive year, Ecuador recorded growth in shipments abroad of steel, stainless, which increased by 138% to 667 kg in 2022. Over the period under review, 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, exports of steel, stainless surged to $3.9K in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 37.0 | 447 | 919 | 23.0 | -14.7% |
| Others | 180 | N/A | N/A | 3,873 | 178.1% |
| Total | 217 | 447 | 919 | 3,896 | 161.9% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Ecuador in 2022:
- Peru (5.0 kg)
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