Ecuador: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Ecuador

After two years of decline, the Ecuadorian metal screw hook market increased by 15% to $X in 2022. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.2% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Exports

Exports from Ecuador

In 2022, shipments abroad of iron or steel screw hooks and screw rings increased by 13% to X kg, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 281% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal screw hook exports amounted to $X in 2022. Over the period under review, exports, however, recorded a dramatic curtailment. The pace of growth was the most pronounced in 2013 with an increase of 96%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ethiopia (X kg) was the main destination for metal screw hook exports from Ecuador, with a 65% share of total exports. Moreover, metal screw hook exports to Ethiopia exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Ethiopia amounted to -32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-33.9% per year) and Slovenia (-44.4% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for iron or steel screw hooks and screw rings exports from Ecuador, comprising 76% of total exports. The second position in the ranking was held by Ethiopia ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at -50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-36.4% per year) and Slovenia (-55.6% per year).

Export Prices by Country

In 2022, the average metal screw hook export price amounted to $X per ton, falling by -10.4% against the previous year. In general, the export price showed a sharp decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Ethiopia ($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 Ethiopia (-6.4%), while the prices for the other major destinations experienced a decline.

Metal Screw Hook Imports

Imports into Ecuador

In 2022, the amount of iron or steel screw hooks and screw rings imported into Ecuador skyrocketed to X tons, picking up by 18% on the previous year. Over the period under review, imports enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by 62%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports amounted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 42%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal screw hook to Ecuador, accounting for a 63% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.1% per year) and Spain (+6.3% per year).

In value terms, the largest metal screw hook suppliers to Ecuador were China ($X), Taiwan (Chinese) ($X) and Spain ($X), together comprising 88% of total imports.

China, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, falling by -3.1% against the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :