Price for Stainless Steel in Ingots or Other Primary Forms in Ecuador - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Ecuador (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Ecuador
Price for Stainless Steel in Ingots or Other Primary Forms in Ecuador (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $3,999 per ton, increasing by 11% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel in ingots or other primary forms increased by +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 91% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,339 per ton), while the price for China ($3,581 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Ecuador
In 2022, imports of stainless steel in ingots or other primary forms into Ecuador skyrocketed to 182 tons, jumping by 34% against 2021 figures. In general, imports, however, saw a drastic downturn.
In value terms, imports of stainless steel in ingots or other primary forms surged to $730K in 2022. Overall, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 +79.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 133 | 58.8 | 78.3 | 324 | 34.6% |
| China | 503 | 279 | 340 | 309 | -15.0% |
| Mexico | N/A | N/A | 16.8 | 60.5 | 260.1% |
| Netherlands | N/A | 35.6 | N/A | 26.8 | -13.2% |
| United States | 47.1 | 30.7 | 24.8 | 7.8 | -45.1% |
| Others | 20.5 | 1.8 | 33.5 | 1.9 | -54.7% |
| Total | 704 | 406 | 494 | 730 | 1.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Ecuador in 2022:
- China (86.3 tons)
- India (85.6 tons)
- Mexico (7.5 tons)
- Netherlands (5.9 tons)
- United States (0.5 tons)
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