
Ecuador - Angles, Shapes and Sections (Of Iron or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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Ecuador: Iron Angle Market 2022
Iron Angle Market Size in Ecuador
In 2021, the Ecuadorian iron angle market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Iron Angle Production in Ecuador
In value terms, iron angle production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.
Iron Angle Exports
Exports from Ecuador
In 2021, iron angle exports from Ecuador skyrocketed to X tons, growing by X% compared with the previous year. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron angle exports surged to $X in 2021. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Bolivia (X tons) was the main destination for iron angle exports from Ecuador, with a X% share of total exports. Moreover, iron angle exports to Bolivia exceeded the volume sent to the second major destination, Peru (X tons), fivefold. Chile (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and Chile (-X% per year).
In value terms, Bolivia ($X) emerged as the key foreign market for iron angle exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.
From 2012 to 2021, 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: Peru (+X% per year) and Colombia (+X% per year).
Export Prices by Country
In 2021, the average iron angle export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Colombia ($X per ton) and Peru ($X per ton), while the average price for exports to Chile ($X per ton) and Bolivia ($X per ton) were amongst the lowest.
From 2012 to 2021, 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 2021, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were imported into Ecuador; waning by -X% on 2020 figures. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, iron angle imports fell dramatically to $X in 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Spain (X tons) constituted the largest iron angle supplier to Ecuador, accounting for a X% share of total imports. Moreover, iron angle imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was occupied by Peru (X tons), with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Peru (+X% per year).
In value terms, Spain ($X) constituted the largest supplier of iron angle to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with an X% share of total imports. It was followed by Turkey, with an X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Turkey (-X% per year).
Import Prices by Country
The average iron angle import price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Colombia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the iron angle market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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