Report Update Apr 1, 2024

Ecuador - Zinc - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Zinc Market 2024

Zinc Market Size in Ecuador

In 2021, the Ecuadorian zinc market was finally on the rise to reach $X after three years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Zinc Exports

Exports from Ecuador

In 2021, zinc exports from Ecuador surged to X tons, with an increase of 341% on the year before. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 459%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, zinc exports soared to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 494%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for zinc exports from Ecuador, accounting for a 19% share of total exports. Moreover, zinc exports to Brazil exceeded the volume sent to the second major destination, Argentina (X tons), more than tenfold. The third position in this ranking was taken by Colombia (X tons), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-15.5% per year) and Colombia (-20.1% per year).

In value terms, Peru ($X), Brazil ($X) and Argentina ($X) appeared to be the largest markets for zinc exported from Ecuador worldwide, with a combined 14% share of total exports. Colombia, Italy and Belgium lagged somewhat behind, together accounting for a further 6.2%.

Belgium, with a CAGR of +28.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zinc export price stood at $X per ton in 2021, surging by 21% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 87%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Ecuador

In 2021, purchases abroad of zinc increased by 37% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a pronounced decrease. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc imports surged to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 87%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons) was the main zinc supplier to Ecuador, with a 95% share of total imports. It was followed by Brazil (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru amounted to -2.2%.

In value terms, Peru ($X) constituted the largest supplier of zinc to Ecuador, comprising 95% of total imports. The second position in the ranking was taken by Brazil ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru stood at +2.1%.

Import Prices by Country

In 2021, the average zinc import price amounted to $X per ton, surging by 26% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Peru totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zinc in the world?

The country with the largest volume of zinc consumption was China, comprising approx. 32% of total volume. Moreover, zinc consumption in China exceeded the figures recorded by the second-largest consumer, Peru, fourfold. The third position in this ranking was taken by the United States, with an 8.8% share.

What are the largest producers of zinc in the world?

China remains the largest zinc producing country worldwide, comprising approx. 29% of total volume. Moreover, zinc production in China exceeded the figures recorded by the second-largest producer, Peru, threefold. The third position in this ranking was taken by Australia, with a 5.7% share.

What are the leading suppliers of zinc to Ecuador?

In value terms, Peru constituted the largest supplier of zinc to Ecuador, comprising 95% of total imports. The second position in the ranking was held by Brazil, with a 2% share of total imports.

What are the leading importers of zinc from Ecuador?

In value terms, the largest markets for zinc exported from Ecuador were Peru, Brazil and Argentina, together comprising 14% of total exports. These countries were followed by Colombia, Italy and Belgium, which together accounted for a further 6.2%.

What is the average export price for zinc in Ecuador?

The average zinc export price stood at $2,562 per ton in 2021, with an increase of 21% against the previous year.

What is the average import price for zinc in Ecuador?

In 2021, the average zinc import price amounted to $3,248 per ton, growing by 26% against the previous year.

This report provides an in-depth analysis of the zinc 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.

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