Ecuador: Metal Chain Parts Market 2025

Metal Chain Parts Market Size in Ecuador

For the third year in a row, the Ecuadorian metal chain parts market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted buoyant growth. Metal chain parts consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Chain Parts Exports

Exports from Ecuador

In 2022, approx. X tons of parts of chains of iron or steel were exported from Ecuador; jumping by X% compared with 2021. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal chain parts exports skyrocketed to $X in 2022. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for metal chain parts exports from Ecuador, with a X% share of total exports. It was followed by Peru (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for parts of chains of iron or steel exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average metal chain parts export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of X% 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 failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Chain Parts Imports

Imports into Ecuador

In 2022, purchases abroad of parts of chains of iron or steel increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, metal chain parts imports expanded rapidly to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of metal chain parts imports to Ecuador, together comprising X% of total imports. South Korea and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of parts of chains of iron or steel to Ecuador, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average metal chain parts import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain parts import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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