Ecuador: Office Metal Staple Market 2024

Office Metal Staple Market Size in Ecuador

The Ecuadorian office metal staple market dropped significantly to $X in 2022, with a decrease of -29.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.7% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Office Metal Staple Exports

Exports from Ecuador

After two years of growth, shipments abroad of base metal staples in strips for use in offices decreased by -23.7% to X kg in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 442%. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, office metal staple exports reduced to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 434% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X kg) was the main destination for office metal staple exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic stood at +75.9%.

In value terms, the Dominican Republic ($X) emerged as the key foreign market for base metal staples in strips for use in offices exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic totaled +34.9%.

Export Prices by Country

In 2022, the average office metal staple export price amounted to $X per ton, surging by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 119%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2022, the rate of growth in terms of prices for Ethiopia amounted to -0.8% per year.

Office Metal Staple Imports

Imports into Ecuador

In 2022, the amount of base metal staples in strips for use in offices imported into Ecuador fell sharply to X tons, shrinking by -27.7% against the previous year's figure. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, office metal staple imports dropped sharply to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of office metal staple to Ecuador, with a 90% share of total imports. Moreover, office metal staple imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-0.3% per year) and the United States (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of base metal staples in strips for use in offices to Ecuador, comprising 80% of total imports. The second position in the ranking was held by Colombia ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+1.4% per year) and the United States (-2.4% per year).

Import Prices by Country

In 2022, the average office metal staple import price amounted to $X per ton, waning by -3.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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