Report Update Nov 1, 2024

Ecuador - Non-Alloy Aluminium Bars, Rods and Profiles - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Ecuador

The Ecuadorian non-alloy aluminium bar market skyrocketed to $X in 2021, rising by 446% 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, showed a abrupt decline. Non-alloy aluminium bar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports from Ecuador

After four years of growth, shipments abroad of non-alloy aluminium bars, rods and profiles decreased by -29.2% to X tons in 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 617%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, non-alloy aluminium bar exports contracted dramatically to $X in 2021. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 403% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Nicaragua (X tons) was the main destination for non-alloy aluminium bar exports from Ecuador, with a 100% share of total exports. It was followed by Panama (X kg), with a 0.1% share of total exports.

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

In value terms, Nicaragua ($X) emerged as the key foreign market for non-alloy aluminium bars, rods and profiles exports from Ecuador, comprising 99% of total exports. The second position in the ranking was taken by Panama ($X), with a 0.2% share of total exports.

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

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2021, which is down by -2.8% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 40%. Over the period under review, the average export prices reached the maximum 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 external 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 Nicaragua amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+4.6%).

Non-Alloy Aluminium Bar Imports

Imports into Ecuador

In 2021, overseas purchases of non-alloy aluminium bars, rods and profiles increased by 85% to X tons for the first time since 2013, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a deep reduction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-alloy aluminium bar imports soared to $X in 2021. In general, imports, however, showed a deep contraction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of non-alloy aluminium bar imports to Ecuador, with a combined 86% share of total imports. The Netherlands, Colombia and Spain lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) constituted the largest non-alloy aluminium bar suppliers to Ecuador, together accounting for 76% of total imports.

Among the main suppliers, South Korea, with a CAGR of +51.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, dropping by -6.7% against the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-alloy aluminium bars, rods and profiles in the world?

China remains the largest non-alloy aluminium bar consuming country worldwide, accounting for 22% of total volume. Moreover, non-alloy aluminium bar consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. The third position in this ranking was occupied by Turkey, with a 7.2% share.

What are the largest producers of non-alloy aluminium bars, rods and profiles in the world?

The countries with the highest volumes of non-alloy aluminium bar production in 2020 were China, Mozambique and the U.S., together comprising 38% of global production. These countries were followed by Turkey, Japan, Russia, Germany, Brazil, Indonesia, the UK, Italy, France and Spain, which together accounted for a further 36%.

What are the leading suppliers of non-alloy aluminium bars, rods and profiles to Ecuador?

In value terms, the largest non-alloy aluminium bar suppliers to Ecuador were South Korea, Mexico and China, together comprising 83% of total imports.

What are the leading importers of non-alloy aluminium bars, rods and profiles from Ecuador?

In value terms, Peru $52) remains the key foreign market for non-alloy aluminium bar exports from Ecuador.

What is the average export price for non-alloy aluminium bars, rods and profiles in Ecuador?

In 2020, the average non-alloy aluminium bar export price amounted to $17,333 per ton, jumping by 290% against the previous year.

What is the average import price for non-alloy aluminium bars, rods and profiles in Ecuador?

The average non-alloy aluminium bar import price stood at $6,156 per ton in 2020, growing by 50% against the previous year.

This report provides an in-depth analysis of the non-alloy aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)

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