Ecuador: Market for Copper Bars, Rods and Profiles 2025

Market Size for Copper Bars, Rods and Profiles in Ecuador

In 2022, after two years of growth, there was significant decline in the Ecuadorian market for copper bars, rods and profiles, when its value decreased by -10.5% to $X. Overall, consumption, however, recorded a notable increase. Copper bar, rod and profile consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Copper Bars, Rods and Profiles

Exports from Ecuador

After four years of decline, overseas shipments of copper bars, rods and profiles increased by 75% to X kg in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 221% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 520% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for copper bar, rod and profile exports from Ecuador, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) also remains the key foreign market for copper bars, rods and profiles exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to China amounted to +12.0%.

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 93% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.1% per year.

Imports of Copper Bars, Rods and Profiles

Imports into Ecuador

In 2022, purchases abroad of copper bars, rods and profiles decreased by -1.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. Imports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, copper bar, rod and profile imports reduced to $X in 2022. Over the period under review, imports, however, recorded noticeable growth. The pace of growth was the most pronounced in 2018 when imports increased by 62%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest copper bar, rod and profile supplier to Ecuador, with a 55% share of total imports. Moreover, copper bar, rod and profile imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Peru totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-3.6% per year) and India (+2.5% per year).

In value terms, Peru ($X) constituted the largest supplier of copper bars, rods and profiles to Ecuador, comprising 57% of total imports. The second position in the ranking was held by Colombia ($X), with a 10% share of total imports. It was followed by Mexico, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Peru totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-5.6% per year) and Mexico (+37.6% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, reducing by -11.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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