Price for Steel, Stainless; Ingots and Other Primary Forms in Ecuador - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Ecuador (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Ecuador
Price for Steel, Stainless; Ingots and Other Primary Forms in Ecuador (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $4,717 per ton in 2022, waning by -10.5% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 285%. As a result, import price attained the peak level of $40,347 per ton. From 2014 to 2022, the average 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 Mexico ($17,973 per ton), while the price for China stood at $4,077 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.6%).
Imports of Steel, Stainless; Ingots and Other Primary Forms in Ecuador
In 2022, the amount of steel, stainless; ingots and other primary formses imported into Ecuador surged to 73 tons, growing by 577% against the year before. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 6,688% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of steel, stainless; ingots and other primary formses soared to $347K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 3,710%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.7 | 1.3 | 45.5 | 286 | 129.4% |
| Mexico | N/A | N/A | 2.3 | 60.5 | 2530.4% |
| Others | 3.9 | 0.2 | 9.4 | 0.2 | -62.8% |
| Total | 27.6 | 1.5 | 57.2 | 347 | 132.5% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Ecuador in 2022:
- China (70.1 tons)
- Mexico (3.4 tons)
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