Ecuador: Metal Link Chain Market 2024

Metal Link Chain Market Size in Ecuador

The Ecuadorian metal link chain market declined remarkably to $X in 2021, waning by -62.2% 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). In general, consumption showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from Ecuador

In 2021, shipments abroad of iron or steel articulated link chain decreased by -0.1% to X kg, falling for the second year in a row after two years of growth. Overall, exports, however, showed a slight expansion. The growth pace was the most rapid in 2018 with an increase of 776%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports reduced notably to $X in 2021. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 725%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for metal link chain exports from Ecuador, with a 54% share of total exports. Moreover, metal link chain exports to Peru exceeded the volume sent to the second major destination, Panama (X kg), twofold. The third position in this ranking was held by Colombia (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+0.6% per year) and Colombia (+70.1% per year).

In value terms, the largest markets for metal link chain exported from Ecuador were Germany ($X), Colombia ($X) and Peru ($X), with a combined 75% share of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of +81.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, falling by -41.1% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Ecuador

In 2021, approx. X tons of iron or steel articulated link chain were imported into Ecuador; which is down by -64.1% on the previous year's figure. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 336%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports declined dramatically to $X in 2021. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 311%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Ecuador, with a 82% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.1% per year) and India (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel articulated link chain to Ecuador, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 7% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.2% per year) and Japan (-14.2% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, rising by 8.9% against the previous year. In general, the import price, however, recorded a deep slump. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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