Ecuador: Copper Wire Market 2025

Copper Wire Market Size in Ecuador

The Ecuadorian copper wire market fell slightly to $X in 2021, remaining stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Copper Wire Production in Ecuador

In value terms, copper wire production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 29%. Copper wire production peaked at $X in 2020, and then contracted in the following year.

Copper Wire Exports

Exports from Ecuador

In 2021, shipments abroad of copper wire decreased by -6.1% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2016 with an increase of 474% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper wire exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 334%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for copper wire exports from Ecuador, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia totaled +1.7%.

In value terms, Colombia ($X) also remains the key foreign market for copper wire exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

In 2021, the average copper wire export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to -1.1% per year.

Copper Wire Imports

Imports into Ecuador

In 2021, purchases abroad of copper wire was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, copper wire imports skyrocketed to $X in 2021. In general, imports continue to indicate a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Peru (X tons) was the main copper wire supplier to Ecuador, with a 95% share of total imports. It was followed by Chile (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Peru amounted to +9.0%.

In value terms, Peru ($X) constituted the largest supplier of copper wire to Ecuador, comprising 96% of total imports. The second position in the ranking was taken by Chile ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru amounted to +10.4%.

Import Prices by Country

In 2021, the average copper wire import price amounted to $X per ton, surging by 39% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire import price increased by +45.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.3%).

Source: IndexBox Platform