Price for Copper Plates, Sheets and Strip in Ecuador - 2022

Contents:

1. Price for Copper Plates, Sheets and Strip in Ecuador (CIF) - 2022
2. Price for Copper Plates, Sheets and Strip in Ecuador (FOB) - 2022
3. Imports of Copper Plates, Sheets and Strip in Ecuador
4. Exports of Copper Plates, Sheets and Strip in Ecuador

Price for Copper Plates, Sheets and Strip in Ecuador (CIF) - 2022

In 2022, the average import price for copper plates, sheets and strips amounted to $9,004 per ton, with a decrease of -9.9% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. The import price peaked at $10,087 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($26,825 per ton), while the price for the Netherlands ($6,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Ecuador (FOB) - 2022

In 2022, the average export price for copper plates, sheets and strips amounted to $7,400 per ton, surging by 10% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $18,779 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($16,906 per ton), while the average price for exports to Peru ($1,773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Copper Plates, Sheets and Strip in Ecuador

In 2022, copper plates, sheets and strip imports into Ecuador fell to 268 tons, waning by -8.9% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of 294 tons, and then declined in the following year.

In value terms, copper plates, sheets and strip imports reduced sharply to $2.4M in 2022. Overall, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +27.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of $2.9M, and then declined remarkably in the following year.

Top Suppliers of Copper Plates, Sheets and Strip to Ecuador in 2022:

1. Mexico (118.0 tons)
2. China (79.8 tons)
3. United States (22.0 tons)
4. Hong Kong SAR (13.8 tons)
5. Taiwan (Chinese) (9.2 tons)
6. Peru (7.2 tons)
7. Netherlands (5.9 tons)

Exports of Copper Plates, Sheets and Strip in Ecuador

In 2022, overseas shipments of copper plates, sheets and strips decreased by -24.1% to 5.3 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, the exports reached the peak of 6.9 tons, and then fell dramatically in the following year.

In value terms, copper plates, sheets and strip exports contracted significantly to $39K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $47K, and then shrank notably in the following year.

Top Export Markets for Copper Plates, Sheets and Strip from Ecuador in 2022:

1. United States (4.2 tons)
2. Malaysia (0.5 tons)
3. Peru (0.3 tons)
4. Singapore (0.2 tons)

Source: IndexBox Market Intelligence Platform