Report Update Nov 1, 2024

Ecuador - Hot-Rolled Bars of Silico-Manganese Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Ecuador

After three years of growth, the Ecuadorian hot-rolled silico-manganese steel bar market decreased by -68.7% to $X in 2021. Overall, consumption, however, recorded a buoyant increase. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2020, and then declined rapidly in the following year.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Ecuador

After two years of decline, overseas shipments of hot-rolled bars of silico-manganese steel decreased by 0% to X kg in 2015. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum in 2015 and are likely to continue growth in years to come.

In value terms, hot-rolled silico-manganese steel bar exports totaled $X in 2015. In general, exports saw a significant expansion. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2015 and are likely to see gradual growth in the immediate term.

Exports by Country

Seychelles (X kg) was the main destination for hot-rolled silico-manganese steel bar exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to Seychelles was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Seychelles was relatively modest.

Export Prices by Country

In 2015, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price enjoyed noticeable growth. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure in 2015 and is likely to see gradual growth in years to come.

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

From 2012 to 2015, the rate of growth in terms of prices for Seychelles amounted to 0.0% per year.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Ecuador

After three years of growth, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -69% to X tons in 2021. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 155% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then fell remarkably in the following year.

In value terms, hot-rolled silico-manganese steel bar imports fell rapidly to $X in 2021. In general, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 156%. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

China (X tons), India (X tons) and Italy (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Ecuador, with a combined 84% share of total imports. Chile, the United States and Spain lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +82.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Ecuador, comprising 44% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.6% per year) and the United States (+6.8% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, picking up by 2.4% against the previous year. In general, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2015 when the average import price increased by 30% 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 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars of silico-manganese steel in the world?

China constituted the country with the largest volume of hot-rolled silico-manganese steel bar consumption, accounting for 19% of total volume. Moreover, hot-rolled silico-manganese steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Kazakhstan, with an 8.1% share.

What are the largest producers of hot-rolled bars of silico-manganese steel in the world?

The countries with the highest volumes of hot-rolled silico-manganese steel bar production in 2020 were Russia, China and the United States, together comprising 48% of global production. These countries were followed by India, Germany, Japan, Italy, Brazil, South Korea, Turkey, Iran and Sweden, which together accounted for a further 31%.

What are the leading suppliers of hot-rolled bars of silico-manganese steel to Ecuador?

In value terms, the largest hot-rolled silico-manganese steel bar suppliers to Ecuador were China, India and Canada, with a combined 98% share of total imports.

What is the average export price for hot-rolled bars of silico-manganese steel in Ecuador?

The average hot-rolled silico-manganese steel bar export price stood at $1,340 per ton in 2015, almost unchanged from the previous year.

What is the average import price for hot-rolled bars of silico-manganese steel in Ecuador?

In 2020, the average hot-rolled silico-manganese steel bar import price amounted to $1,042 per ton, declining by -41.8% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled silico-manganese steel bar 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 24106620 - Hot-rolled bars of silico-manganese steel

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023