Ecuador: Mill Rolling Roll Market 2022

Mill Rolling Roll Market Size in Ecuador

The Ecuadorian mill rolling roll market contracted to $X in 2021, with a decrease 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). Over the period under review, consumption, however, continues to indicate a slight reduction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Imports

Imports into Ecuador

In 2021, purchases abroad of rolls for rolling mills decreased by -X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth imports remained at a lower figure.

In value terms, mill rolling roll imports contracted to $X in 2021. Over the period under review, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Colombia (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of mill rolling roll imports to Ecuador, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Colombia (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest mill rolling roll suppliers to Ecuador were China ($X), Taiwan (Chinese) ($X) and Colombia ($X), together accounting for X% of total imports.

Among the main suppliers, Colombia, with a CAGR of +X%, saw the highest growth rate of 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

The average mill rolling roll import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Colombia ($X per unit) 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