Price for Steel, Alloy; Ingots and Other Primary Forms in Ecuador - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Ecuador (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Ecuador
Price for Steel, Alloy; Ingots and Other Primary Forms in Ecuador (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $2,384 per ton in 2022, dropping by -4.5% against the previous year. Overall, the import price showed a mild setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23%. The import price peaked at $4,001 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the United States ($4,975 per ton), while the price for China ($2,181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Ecuador
In 2022, imports of steel, alloy; ingots and other primary formses into Ecuador reduced dramatically to 32 tons, with a decrease of -24.1% compared with the previous year. Over the period under review, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 234%. As a result, imports attained the peak of 42 tons, and then shrank sharply in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses reduced markedly to $77K in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 195% against the previous year. As a result, imports attained the peak of $106K, and then declined remarkably in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.6 | 17.1 | 79.1 | 54.0 | -7.2% |
| Colombia | 15.0 | 8.5 | 13.0 | 11.9 | -7.4% |
| United States | 18.4 | 9.9 | 13.3 | 10.8 | -16.3% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 101 | 35.8 | 106 | 76.7 | -8.8% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Ecuador in 2022:
- China (24.8 tons)
- Colombia (5.2 tons)
- United States (2.2 tons)
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