Ecuador: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Ecuador

The Ecuadorian silicon-electrical steel flat-rolled product market soared to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a mild expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Ecuador

In 2021, overseas shipments of flat-rolled products of silicon-electrical steel were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a pronounced contraction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports soared to $X in 2021. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Ecuador, accounting for a X% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Chile exceeded the volume sent to the second major destination, Peru (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled -X%.

In value terms, Chile ($X) and Peru ($X) were the largest markets for silicon-electrical steel flat-rolled product exported from Ecuador worldwide.

Among the main countries of destination, Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%).

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Ecuador

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were imported into Ecuador; increasing by X% compared with 2020. Over the period under review, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and South Korea (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Ecuador, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to Ecuador were Germany ($X), France ($X) and South Korea ($X), together comprising X% of total imports.

South Korea, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform