Price for Iron Oxides and Hydroxides in Ecuador - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Ecuador (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Ecuador (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Ecuador
- Exports of Iron Oxides and Hydroxides in Ecuador
Price for Iron Oxides and Hydroxides in Ecuador (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,217 per ton in 2022, shrinking by -7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. The import price peaked at $1,363 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,497 per ton), while the price for Spain ($356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Ecuador (FOB) - 2022
The average iron oxides and hydroxides export price stood at $1,717 per ton in 2022, shrinking by -9.1% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron oxides and hydroxides export price increased by +12.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 23%. Over the period under review, the average export prices reached the peak figure at $2,530 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +2.0% per year.
Imports of Iron Oxides and Hydroxides in Ecuador
In 2022, the amount of iron oxides and hydroxideses imported into Ecuador declined remarkably to 1.1K tons, which is down by -16.9% against 2021. Overall, imports showed a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of 1.4K tons, and then shrank dramatically in the following year.
In value terms, iron oxides and hydroxides imports fell remarkably to $1.4M in 2022. In general, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports reached the peak of $1.8M, and then dropped notably in the following year.
| Import of Iron Oxides and Hydroxides in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 409 | 296 | 633 | 529 | 9.0% |
| Colombia | 312 | 254 | 417 | 348 | 3.7% |
| Germany | 337 | 154 | 231 | 211 | -14.5% |
| Brazil | 115 | 66.3 | 147 | 38.4 | -30.6% |
| Spain | 48.4 | 34.4 | 60.7 | 27.0 | -17.7% |
| Belgium | 22.4 | 21.8 | 28.4 | 26.0 | 5.1% |
| Others | 74.5 | 144 | 288 | 209 | 41.0% |
| Total | 1,318 | 971 | 1,804 | 1,387 | 1.7% |
Top Suppliers of Iron Oxides and Hydroxides to Ecuador in 2022:
- China (459.3 tons)
- Colombia (257.6 tons)
- Germany (174.0 tons)
- Spain (75.8 tons)
- Belgium (34.7 tons)
- Brazil (25.6 tons)
Exports of Iron Oxides and Hydroxides in Ecuador
In 2022, after three years of growth, there was decline in overseas shipments of iron oxides and hydroxideses, when their volume decreased by -3.3% to 7.2 tons. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 250%.
In value terms, iron oxides and hydroxides exports contracted to $12K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 112%.
| Export of Iron Oxides and Hydroxides in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 2.3 | 3.7 | 14.2 | 12.5 | 75.8% |
| Costa Rica | 2.8 | N/A | N/A | N/A | 0% |
| Spain | N/A | 6.2 | N/A | N/A | 0% |
| Others | N/A | 0.8 | N/A | N/A | 0% |
| Total | 5.1 | 10.7 | 14.2 | 12.5 | 34.8% |
Top Export Markets for Iron Oxides and Hydroxides from Ecuador in 2022:
- Peru (7.3 tons)
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