Ecuador - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Ecuador - 2022
Contents:
- Jewelry Price in Ecuador (CIF) - 2022
- Jewelry Price in Ecuador (FOB) - 2022
- Jewelry Imports in Ecuador
- Jewelry Exports in Ecuador
Jewelry Price in Ecuador (CIF) - 2022
In 2022, the average jewelry import price amounted to $557,029 per ton, surging by 3.2% against the previous year. In general, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $1,601 per kg. From 2017 to 2022, the average import prices failed to regain momentum.
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 ($3,204,186 per ton), while the price for China ($15,490 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Jewelry Price in Ecuador (FOB) - 2022
The average jewelry export price stood at $3,858,563 per ton in 2022, surging by 51% against the previous year. Over the period under review, the export price recorded moderate growth. The pace of growth appeared the most rapid in 2017 an increase of 113%. Over the period under review, the average export prices attained the maximum at $6,776,475 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($18,582,438 per ton), while the average price for exports to Guatemala ($4,900 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 Turkey (+170.9%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Imports in Ecuador
In 2022, jewelry imports into Ecuador declined to 9.1 tons, with a decrease of -13.9% compared with the previous year. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year.
In value terms, jewelry imports reduced to $5.1M in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year.
| Import of Jewelry in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,012 | 763 | 1,041 | 772 | -8.6% |
| Italy | 813 | 286 | 477 | 493 | -15.4% |
| Brazil | 184 | 154 | 470 | 271 | 13.8% |
| Colombia | 542 | 182 | 225 | 159 | -33.6% |
| Peru | 245 | 66.2 | 109 | 121 | -21.0% |
| China | 274 | 118 | 194 | 52.6 | -42.3% |
| Hong Kong SAR | 39.6 | 15.1 | 3.4 | 9.7 | -37.4% |
| Others | 6,711 | 2,831 | 3,166 | 3,170 | -22.1% |
| Total | 9,821 | 4,414 | 5,686 | 5,050 | -19.9% |
Top Suppliers of Jewelry to Ecuador in 2022:
- China (3.4 tons)
- Brazil (0.8 tons)
- Peru (0.8 tons)
- Thailand (0.8 tons)
- Italy (0.5 tons)
- Colombia (0.4 tons)
- Hong Kong SAR (0.4 tons)
Jewelry Exports in Ecuador
Jewelry exports from Ecuador shrank notably to 206 kg in 2022, which is down by -55.2% compared with 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 654% against the previous year. As a result, the exports attained the peak of 460 kg, and then contracted sharply in the following year.
In value terms, jewelry exports reduced notably to $795K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 185%. As a result, the exports attained the peak of $1.2M, and then shrank markedly in the following year.
| Export of Jewelry in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.9 | 1.9 | 751 | 595 | 771.1% |
| United States | 24.2 | 348 | 264 | 115 | 68.1% |
| Spain | 2.2 | 2.3 | 42.0 | 22.7 | 117.7% |
| Colombia | 26.5 | 5.5 | 33.0 | 18.1 | -11.9% |
| Panama | 149 | 47.7 | 14.9 | 7.7 | -62.8% |
| Chile | 12.8 | 3.1 | 10.4 | 6.9 | -18.6% |
| France | 1.1 | 0.6 | 4.2 | 2.3 | 27.9% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Others | 140 | 4.6 | 56.2 | 27.3 | -42.0% |
| Total | 357 | 413 | 1,177 | 795 | 30.6% |
Top Export Markets for Jewelry from Ecuador in 2022:
- Panama (99.0 kg)
- Turkey (32.0 kg)
- United States (16.0 kg)
- Guatemala (10.0 kg)
- Spain (9.0 kg)
- Chile (5.0 kg)
- France (4.0 kg)
- Colombia (3.0 kg)
This report provides an in-depth analysis of the jewelry 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 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
- Prodcom 32121351 - Articles of goldsmiths
- Prodcom 32121353 - Articles of goldsmiths
- Prodcom 32121355 - Articles of goldsmiths
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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