Report Update Apr 1, 2024

Ecuador - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Iron Ore Market 2021

Iron Ore Market Size in Ecuador

The Ecuadorian iron ore market fell slightly to $X in 2019, reducing by -X% against the previous year. Overall, consumption continues to indicate a dramatic setback. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Iron ore consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Iron Ore Production in Ecuador

In value terms, iron ore production expanded rapidly to $X in 2019 estimated in export prices. Overall, production continues to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

Iron Ore Exports

Exports from Ecuador

In 2019, approx. X kg of iron ores were exported from Ecuador; leveling off at the previous year. Overall, exports continue to indicate a precipitous curtailment. Over the period under review, exports reached the peak figure at X tons in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, iron ore exports totaled $X in 2019. Over the period under review, exports continue to indicate a sharp reduction. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Iron Ore Imports

Imports into Ecuador

In 2019, the amount of iron ores imported into Ecuador skyrocketed to X tons, jumping by X% on 2018 figures. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Imports peaked at X tons in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, iron ore imports skyrocketed to $X in 2019. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tons), the U.S. (X tons) and France (X tons) were the main suppliers of iron ore imports to Ecuador, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron ore suppliers to Ecuador were the U.S. ($X), Italy ($X) and France ($X), with a combined X% share of total imports.

In terms of the main suppliers, the U.S. saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average iron ore import price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

The country with the largest volume of iron ore consumption was China, accounting for 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, together accounting for 70% of global production.

What are the leading suppliers of iron ores to Ecuador?

In value terms, the U.S., Italy and France appeared to be the largest iron ore suppliers to Ecuador, together accounting for 96% of total imports.

What is the average import price for iron ores in Ecuador?

In 2019, the average iron ore import price amounted to $674 per ton, shrinking by -3.6% against the previous year.

This report provides an in-depth analysis of the iron ore 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 2025.

Product coverage:

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023