Report Update Jan 1, 2025

Ecuador - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Ecuador

The Ecuadorian silicon-electrical steel flat-rolled product market soared to $X in 2021, picking up by 63% 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, consumption showed a perceptible increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Ecuador

After three years of decline, shipments abroad of flat-rolled products of silicon-electrical steel increased by 77% to X tons in 2021. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 131% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 147% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) and Peru (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Ecuador.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of 0.0%).

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Ecuador were Peru ($X) and Chile ($X).

In terms of the main countries of destination, Peru, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, surging by 7.3% against the previous year. Overall, the export price, however, showed a perceptible reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Chile totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-6.3%).

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Ecuador

In 2021, the amount of flat-rolled products of silicon-electrical steel imported into Ecuador soared to X tons, surging by 39% compared with the previous year's figure. Over the period under review, imports posted moderate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 80% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. In general, imports enjoyed mild growth. The pace of growth was the most pronounced in 2015 when imports increased by 118% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and South Korea (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Ecuador, with a combined 46% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +30.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and South Korea ($X) constituted the largest silicon-electrical steel flat-rolled product suppliers to Ecuador, together comprising 46% of total imports.

South Korea, with a CAGR of +39.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, with an increase of 31% against the previous year. In general, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flat-rolled products of silicon-electrical steel in the world?

China remains the largest silicon-electrical steel flat-rolled product consuming country worldwide, accounting for 62% of total volume. Moreover, silicon-electrical steel flat-rolled product consumption in China exceeded the figures recorded by the second-largest consumer, Kazakhstan, more than tenfold. The third position in this ranking was occupied by India, with a 3.5% share.

What are the largest producers of flat-rolled products of silicon-electrical steel in the world?

China remains the largest silicon-electrical steel flat-rolled product producing country worldwide, comprising approx. 64% of total volume. Moreover, silicon-electrical steel flat-rolled product production in China exceeded the figures recorded by the second-largest producer, Kazakhstan, more than tenfold. Japan ranked third in terms of total production with a 4.8% share.

What are the leading suppliers of flat-rolled products of silicon-electrical steel to Ecuador?

In value terms, Germany, France and South Korea appeared to be the largest silicon-electrical steel flat-rolled product suppliers to Ecuador, together comprising 78% of total imports.

What are the leading importers of flat-rolled products of silicon-electrical steel from Ecuador?

In value terms, Chile and Peru constituted the largest markets for silicon-electrical steel flat-rolled product exported from Ecuador worldwide.

What is the average export price for flat-rolled products of silicon-electrical steel in Ecuador?

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $1,738 per ton, rising by 19% against the previous year.

What is the average import price for flat-rolled products of silicon-electrical steel in Ecuador?

The average silicon-electrical steel flat-rolled product import price stood at $2,609 per ton in 2021, rising by 29% against the previous year.

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024