Report Update Nov 1, 2024

Ecuador - Iron or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Expanded Metal Market 2024

Expanded Metal Market Size in Ecuador

The Ecuadorian expanded metal market shrank sharply to $X in 2022, dropping by -29.4% 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 abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Expanded Metal Exports

Exports from Ecuador

In 2019, the amount of iron or steel expanded metal exported from Ecuador shrank rapidly to X kg, reducing by -40.3% on 2018 figures. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 477%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

In value terms, expanded metal exports contracted notably to $X in 2019. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 528%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for expanded metal exports from Ecuador, accounting for a 28% share of total exports. Moreover, expanded metal exports to the United States exceeded the volume sent to the second major destination, Switzerland (X kg), twofold.

From 2012 to 2019, the average annual growth rate of volume to the United States stood at -77.6%.

In value terms, Switzerland ($X) and the United States ($X) were the largest markets for expanded metal exported from Ecuador worldwide.

In terms of the main countries of destination, the United States, with a CAGR of +30.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2019, with an increase of 8.4% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 264%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2019, the average export prices failed to regain momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+480.5%).

Expanded Metal Imports

Imports into Ecuador

In 2022, the amount of iron or steel expanded metal imported into Ecuador fell dramatically to X tons, with a decrease of -25.9% against the previous year. In general, imports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 141% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, expanded metal imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 156%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest expanded metal supplier to Ecuador, accounting for a 85% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.1%.

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Ecuador, comprising 75% of total imports. The second position in the ranking was taken by Colombia ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.8%.

Import Prices by Country

In 2022, the average expanded metal import price amounted to $X per ton, with a decrease of -6.2% against the previous year. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 17% 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 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Colombia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel expanded metal in the world?

China remains the largest expanded metal consuming country worldwide, accounting for 24% of total volume. Moreover, expanded metal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.7% share.

What are the largest producers of iron or steel expanded metal in the world?

China remains the largest expanded metal producing country worldwide, comprising approx. 29% of total volume. Moreover, expanded metal production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of iron or steel expanded metal to Ecuador?

In value terms, China constituted the largest supplier of expanded metal to Ecuador, comprising 54% of total imports. The second position in the ranking was occupied by Colombia, with a 22% share of total imports.

What are the leading importers of iron or steel expanded metal from Ecuador?

In value terms, the largest markets for expanded metal exported from Ecuador were Switzerland $702) and the United States $352).

What is the average export price for iron or steel expanded metal in Ecuador?

The average expanded metal export price stood at $5,244 per ton in 2019, approximately equating the previous year.

What is the average import price for iron or steel expanded metal in Ecuador?

In 2021, the average expanded metal import price amounted to $1,930 per ton, growing by 54% against the previous year.

This report provides an in-depth analysis of the expanded metal market 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 25931350 - Iron or steel expanded metal

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