Ecuador: Metal Chain Market 2025

Metal Chain Market Size in Ecuador

The Ecuadorian metal chain market dropped remarkably to $X in 2022, falling by -28.6% 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 continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Exports

Exports from Ecuador

In 2022, approx. X kg of iron or steel chain were exported from Ecuador; with a decrease of -14.6% on the previous year. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 301% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports dropped to $X in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 369% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X kg) was the main destination for metal chain exports from Ecuador, with a 65% share of total exports. Moreover, metal chain exports to the Dominican Republic exceeded the volume sent to the second major destination, Colombia (X kg), threefold. The third position in this ranking was taken by Costa Rica (X kg), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic amounted to +30,200.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+46.6% per year) and Costa Rica (+1.2% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for iron or steel chain exports from Ecuador, comprising 70% of total exports. The second position in the ranking was held by Colombia ($X), with a 23% share of total exports. It was followed by Peru, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic stood at +44,580.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+80.3% per year) and Peru (-8.0% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, surging by 9.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 78%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+91.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Ecuador

In 2022, the amount of iron or steel chain imported into Ecuador reduced remarkably to X tons, waning by -30% compared with the previous year. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 130%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal chain imports dropped remarkably to $X in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 126%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Ecuador, with a 58% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+57.0% per year) and Mexico (-7.5% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to Ecuador, comprising 55% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by South Korea, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+44.5% per year) and South Korea (+28.6% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, with an increase of 3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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