Report Update: May 1, 2024

Ecuador - Leather Footwear - Market Analysis, Forecast, Size, Trends And Insights

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Leather Footwear Price in Ecuador - 2022

Leather Footwear Price in Ecuador (CIF) - 2022

The average leather footwear import price stood at $27.9 per pair in January 2022, growing by 6.1% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in February 2021 when the average import price increased by 19% m-o-m. The import price peaked at $29.7 per pair in November 2021; however, from December 2021 to January 2022, import prices stood at a somewhat 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 Vietnam ($45.4 per pair), while the price for Colombia ($20.0 per pair) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Leather Footwear Price in Ecuador (FOB) - 2022

The average leather footwear export price stood at $50 per pair in 2022, increasing by 21% against the previous year. In general, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($119 per pair), while the average price for exports to the United States ($36 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+208.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports in Ecuador

In 2022, leather footwear imports into Ecuador amounted to 879K pairs, picking up by 4.3% on the year before. Over the period under review, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Imports peaked at 1.1M pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, leather footwear imports skyrocketed to $30M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Leather Footwear in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	9.4	5.1	5.9	12.4	9.7%
China	3.5	1.8	2.4	4.8	11.1%
Vietnam	3.3	2.3	3.2	3.5	2.0%
Colombia	2.9	1.1	1.9	3.4	5.4%
Indonesia	1.1	0.7	1.4	1.3	5.7%
Italy	1.1	0.5	0.8	0.7	-14.0%
Peru	1.0	0.6	0.5	0.6	-15.7%
Uruguay	1.0	1.0	1.2	N/A	9.5%
Others	4.2	2.7	3.1	3.2	-8.7%
Total	27.4	15.8	20.3	29.9	3.0%

Top Suppliers of Leather Footwear to Ecuador in 2022:

Brazil (366.2K pairs)
China (149.5K pairs)
Vietnam (107.0K pairs)
Colombia (90.2K pairs)
Indonesia (39.8K pairs)
Peru (18.6K pairs)
Italy (15.9K pairs)

Leather Footwear Exports in Ecuador

In 2022, the amount of leather footwear exported from Ecuador dropped rapidly to 1.2K pairs, declining by -58.9% compared with 2021. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked at 15K pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather footwear exports contracted dramatically to $59K in 2022. In general, exports saw a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports reached the peak figure at $373K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Leather Footwear in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	N/A	N/A	N/A	19.5	0%
United States	16.0	21.7	24.6	18.5	5.0%
Panama	7.3	5.8	26.0	14.2	24.8%
El Salvador	N/A	N/A	N/A	4.3	0%
France	0.8	1.8	0.5	2.0	35.7%
Colombia	250	16.2	25.7	N/A	-67.9%
Peru	94.2	22.1	31.3	N/A	-42.4%
Others	5.1	9.1	10.5	0.5	-53.9%
Total	373	76.7	119	59.0	-45.9%

Top Export Markets for Leather Footwear from Ecuador in 2022:

United States (508.0 pairs)
Guatemala (393.0 pairs)
Panama (119.0 pairs)
El Salvador (87.0 pairs)
France (55.0 pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather footwear 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 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
Prodcom 15201351 - Men
Prodcom 15201352 - Women
Prodcom 15201353 - Children
Prodcom 15201361 - Men
Prodcom 15201362 - Women
Prodcom 15201363 - Children
Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)

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