Ecuador: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Ecuador

The Ecuadorian iron or steel towers market reduced dramatically to $X in 2021, dropping by -98.9% 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). Overall, consumption showed a precipitous curtailment. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Ecuador

In 2021, the amount of iron or steel towers and lattice masts exported from Ecuador surged to X tons, growing by 35% on the previous year. In general, exports enjoyed slight growth. The growth pace was the most rapid in 2017 when exports increased by 1,293%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, iron or steel towers exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 426% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for iron or steel towers exports from Ecuador, accounting for a 96% share of total exports. Moreover, iron or steel towers exports to Peru exceeded the volume sent to the second major destination, Panama (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Peru was relatively modest.

In value terms, Peru ($X) emerged as the key foreign market for iron or steel towers and lattice masts exports from Ecuador, comprising 92% of total exports. The second position in the ranking was held by Panama ($X), with an 8.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Peru was relatively modest.

Export Prices by Country

In 2021, the average iron or steel towers export price amounted to $X per ton, jumping by 28% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 158%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Ecuador

In 2021, overseas purchases of iron or steel towers and lattice masts decreased by -82.2% to X tons, falling for the fifth consecutive year after five years of growth. Over the period under review, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 97%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, iron or steel towers imports shrank remarkably to $X in 2021. Overall, imports faced a significant decline. The growth pace was the most rapid in 2015 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel towers supplier to Ecuador, accounting for a 85% share of total imports. Moreover, iron or steel towers imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -33.3%.

In value terms, China ($X) constituted the largest supplier of iron or steel towers and lattice masts to Ecuador, comprising 65% of total imports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -36.7%.

Import Prices by Country

In 2021, the average iron or steel towers import price amounted to $X per ton, waning by -36.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 76%. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-3.1%).

Source: IndexBox Platform

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