Ecuador - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron or Steel Can in Ecuador - 2022
Contents:
- Price for Iron or Steel Can in Ecuador (FOB) - 2022
- Price for Iron or Steel Can in Ecuador (CIF) - 2022
- Exports of Iron or Steel Can in Ecuador
- Imports of Iron or Steel Can in Ecuador
Price for Iron or Steel Can in Ecuador (FOB) - 2022
The average iron or steel can export price stood at $210 per thousand units in January 2022, remaining stable against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in July 2021 when the average export price increased by 26% m-o-m. The export price peaked at $229 per thousand units in September 2021; however, from October 2021 to January 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was Chile ($278 per thousand units), while the average price for exports to Peru ($175 per thousand units) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Can in Ecuador (CIF) - 2022
In January 2022, the average iron or steel can import price amounted to $179 per thousand units, waning by -25.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2021 an increase of 225% m-o-m. As a result, import price reached the peak level of $0.8 per unit. From April 2021 to January 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was China ($542 per thousand units), while the price for Peru ($76.0 per thousand units) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Steel Can in Ecuador
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel cans, when their volume decreased by -19.5% to 50M units. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, the exports attained the peak of 62M units, and then dropped dramatically in the following year.
In value terms, iron or steel can exports dropped sharply to $9.3M in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports reached the peak of $12M, and then fell dramatically in the following year.
| Export of Iron or Steel Can in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 2.9 | 4.1 | 4.8 | 5.1 | 20.7% |
| Peru | 1.6 | 1.3 | 1.8 | 1.9 | 5.9% |
| El Salvador | 1.2 | 1.0 | 1.0 | 1.1 | -2.9% |
| Chile | 0.2 | 0.1 | 0.9 | 0.9 | 65.1% |
| Dominican Republic | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Venezuela | N/A | 0.3 | 2.5 | N/A | 733.3% |
| Others | 0.1 | 0.1 | 0.4 | N/A | 100.0% |
| Total | 6.0 | 7.1 | 11.6 | 9.3 | 15.7% |
Top Export Markets for Iron or Steel Can from Ecuador in 2022:
- Colombia (25.8M units)
- Peru (11.8M units)
- El Salvador (5.5M units)
- Chile (4.5M units)
- Dominican Republic (1.9M units)
Imports of Iron or Steel Can in Ecuador
In 2022, approx. 10M units of iron or steel cans were imported into Ecuador; growing by 10% against 2021 figures. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. As a result, imports reached the peak of 11M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron or steel can imports totaled $2M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, imports attained the peak of $2M; afterwards, it flattened through to 2022.
| Import of Iron or Steel Can in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 416 | 876 | 1,137 | 1,100 | 38.3% |
| China | 666 | 949 | 597 | 703 | 1.8% |
| Colombia | 347 | 6.1 | 48.6 | 128 | -28.3% |
| Guatemala | 48.6 | 105 | 49.5 | 64.5 | 9.9% |
| Turkey | N/A | 42.3 | 136 | N/A | 221.5% |
| Others | 33.6 | 56.1 | 24.8 | 17.9 | -18.9% |
| Total | 1,510 | 2,034 | 1,992 | 2,013 | 10.1% |
Top Suppliers of Iron or Steel Can to Ecuador in 2022:
- Peru (5.8M units)
- China (3.9M units)
- Colombia (0.4M units)
- Guatemala (0.2M units)
This report provides an in-depth analysis of the market for iron or steel can 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 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
- Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
- Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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