Ecuador: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Ecuador

The Ecuadorian metal self-tapping screw market fell dramatically to $X in 2022, waning by -20.5% 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, however, saw a mild expansion. Metal self-tapping screw consumption peaked at $X in 2021, and then declined dramatically in the following year.

Metal Self-Tapping Screw Exports

Exports from Ecuador

In 2022, after three years of growth, there was decline in overseas shipments of iron or steel self-tapping screws, when their volume decreased by -2.5% to X tons. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 2,485%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal self-tapping screw exports fell modestly to $X in 2022. Over the period under review, exports showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 1,797% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Chile (X kg) and Slovenia (X kg) were the main destinations of metal self-tapping screw exports from Ecuador, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +32.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), the United States ($X) and Chile ($X) were the largest markets for metal self-tapping screw exported from Ecuador worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Chile, with a CAGR of +40.5%, recorded the highest rates of growth with regard to 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

In 2022, the average metal self-tapping screw export price amounted to $X per ton, picking up by 1.7% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 276% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Peru ($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 Chile (+6.0%), while the prices for the other major destinations experienced a decline.

Metal Self-Tapping Screw Imports

Imports into Ecuador

In 2022, imports of iron or steel self-tapping screws into Ecuador shrank to X tons, which is down by -14% on the year before. In general, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 63%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal self-tapping screw imports dropped dramatically to $X in 2022. Overall, imports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal self-tapping screw supplier to Ecuador, accounting for a 69% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.1% per year) and Brazil (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to Ecuador, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.5% per year) and Brazil (-5.0% per year).

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, which is down by -9.1% against the previous year. Overall, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Brazil ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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