Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador
4. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $516 per ton, increasing by 79% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 81%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +20.6% per year.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador (FOB) - 2022

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $258 per ton in 2022, surging by 6.4% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $395 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($769 per ton), while the average price for exports to Pakistan amounted to $252 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-0.5%).

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador

After two years of decline, supplies from abroad of ferrous waste and scrap; of tinned iron or steels increased by 1,071% to 31K tons in 2022. Over the period under review, imports continue to indicate measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels surged to $16M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Ecuador in 2022:

1. United States (30.7K tons)

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ecuador

In 2022, after three years of growth, there was significant decline in overseas shipments of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -5.4% to 100 tons. The total export volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 12%.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels reached $26K in 2022. Overall, exports recorded a relatively flat trend pattern.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Ecuador in 2022:

1. Pakistan (99.1 tons)
2. Spain (1.1 tons)

Source: IndexBox Market Intelligence Platform