Ecuador: Iron Angle Market 2024

Iron Angle Market Size in Ecuador

After two years of decline, the Ecuadorian iron angle market increased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Iron Angle Production in Ecuador

In value terms, iron angle production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Iron angle production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Iron Angle Exports

Exports from Ecuador

For the third consecutive year, Ecuador recorded growth in overseas shipments of angles, shapes and sections (of iron or non-alloy steel), which increased by X% to X tons in 2022. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, iron angle exports skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Bolivia (X tons) was the main destination for iron angle exports from Ecuador, accounting for a X% share of total exports. Moreover, iron angle exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Colombia ($X per ton), while the average price for exports to Chile ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Angle Imports

Imports into Ecuador

In 2022, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron angle imports skyrocketed to $X in 2022. Overall, imports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest iron angle supplier to Ecuador, with a X% share of total imports. Moreover, iron angle imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

In value terms, Spain ($X) constituted the largest supplier of angles, shapes and sections (of iron or non-alloy steel) to Ecuador, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average iron angle import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price saw a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Spain ($X per ton), while the price for South Korea ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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