Report Update Nov 1, 2024

Ecuador - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ecuador: Pig Iron Market 2022

Pig Iron Market Size in Ecuador

In 2021, after four years of decline, there was significant growth in the Ecuadorian pig iron market, when its value increased by 1,584% to $X. Over the period under review, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pig Iron Exports

Exports from Ecuador

Pig iron exports from Ecuador plummeted to X kg in 2021, with a decrease of -85.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 141% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, pig iron exports fell rapidly to $X in 2021. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 76% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X kg) was the main destination for pig iron exports from Ecuador, accounting for a 78% share of total exports. Moreover, pig iron exports to Peru exceeded the volume sent to the second major destination, the Dominican Republic (X kg), more than tenfold. The third position in this ranking was taken by Colombia (X kg), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-0.5% per year) and Colombia (+5.0% per year).

In value terms, Peru ($X) remains the key foreign market for pig iron exports from Ecuador, comprising 74% of total exports. The second position in the ranking was held by Colombia ($X), with an 8.2% share of total exports. It was followed by Panama, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+26.3% per year) and Panama (-9.7% per year).

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, rising by 106% against the previous year. Overall, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Imports

Imports into Ecuador

In 2021, pig iron imports into Ecuador surged to X tons, with an increase of 1,853% against the year before. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron imports surged to $X in 2021. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of pig iron to Ecuador, with a 83% share of total imports. Moreover, pig iron imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +5,167.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+590.1% per year) and Germany (+532.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of pig iron to Ecuador, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total imports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +6,700.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+595.7% per year) and the Netherlands (+938.9% per year).

Import Prices by Country

In 2021, the average pig iron import price amounted to $X per ton, reducing by -28% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+50.5%), 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 pig iron and spiegeleisen in the world?

China remains the largest pig iron consuming country worldwide, comprising approx. 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

What are the largest producers of pig iron and spiegeleisen in the world?

China constituted the country with the largest volume of pig iron production, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

What are the leading suppliers of pig iron and spiegeleisen to Ecuador?

In value terms, Brazil constituted the largest supplier of pig iron to Ecuador, comprising 87% of total imports. The second position in the ranking was occupied by Germany, with a 6.3% share of total imports. It was followed by the Netherlands, with a 3.6% share.

What are the leading importers of pig iron and spiegeleisen from Ecuador?

In value terms, Peru remains the key foreign market for pig iron exports from Ecuador, comprising 74% of total exports. The second position in the ranking was occupied by Colombia $180), with an 8.2% share of total exports. It was followed by Panama, with a 5.4% share.

What is the average export price for pig iron and spiegeleisen in Ecuador?

The average pig iron export price stood at $5,298 per ton in 2021, growing by 43% against the previous year.

What is the average import price for pig iron and spiegeleisen in Ecuador?

In 2021, the average pig iron import price amounted to $656 per ton, waning by -28% against the previous year.

This report provides an in-depth analysis of the pig iron 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 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

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