Price for Winding Wire of Copper in Ecuador - 2022
Contents:
- Price for Winding Wire of Copper in Ecuador (CIF) - 2022
- Price for Winding Wire of Copper in Ecuador (FOB) - 2022
- Imports of Winding Wire of Copper in Ecuador
- Exports of Winding Wire of Copper in Ecuador
Price for Winding Wire of Copper in Ecuador (CIF) - 2022
The average winding wire of copper import price stood at $11,923 per ton in January 2022, growing by 12% against the previous month. In general, import price indicated a moderate increase from January 2021 to January 2022: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, winding wire of copper import price increased by +22.0% against November 2021 indices. The growth pace was the most rapid in June 2021 an increase of 66% against the previous month. As a result, import price attained the peak level of $17,572 per ton. From July 2021 to January 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the countries with the highest prices were Germany ($15,178 per ton) and Brazil ($11,731 per ton), while the price for Mexico ($11,437 per ton) and China ($11,630 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Ecuador (FOB) - 2022
The average winding wire of copper export price stood at $5,073 per ton in 2022, flattening at the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices reached the maximum at $9,884 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($52,893 per ton), while the average price for exports to Colombia ($4,153 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 the United States (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Ecuador
After two years of decline, overseas purchases of winding wire of coppers increased by 7% to 479 tons in 2022. Overall, imports, however, showed a drastic downturn.
In value terms, winding wire of copper imports contracted to $4.4M in 2022. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.
| Import of Winding Wire of Copper in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.2 | 3.2 | 4.1 | 3.0 | -10.6% |
| China | 0.3 | 0.3 | 0.3 | 1.2 | 58.7% |
| United States | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Colombia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Total | 5.1 | 4.1 | 4.8 | 4.4 | -4.8% |
Top Suppliers of Winding Wire of Copper to Ecuador in 2022:
- Brazil (319.7 tons)
- China (136.7 tons)
- United States (6.6 tons)
- Colombia (6.1 tons)
Exports of Winding Wire of Copper in Ecuador
In 2022, shipments abroad of winding wire of coppers increased by 6.1% to 29 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt contraction.
In value terms, winding wire of copper exports expanded markedly to $149K in 2022. Overall, exports, however, continue to indicate a deep downturn.
| Export of Winding Wire of Copper in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 132 | 122 | 117 | 118 | -3.7% |
| Panama | 16.6 | 15.2 | 14.5 | 14.5 | -4.4% |
| United States | 29.9 | 16.6 | 5.9 | 13.3 | -23.7% |
| Others | 5.4 | 6.3 | 1.2 | 3.3 | -15.1% |
| Total | 184 | 160 | 139 | 149 | -6.8% |
Top Export Markets for Winding Wire of Copper from Ecuador in 2022:
- Colombia (28.4 tons)
- Panama (0.5 tons)
- United States (0.3 tons)
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