Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador - 2022

Contents:

  1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (CIF) - 2022
  2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (FOB) - 2022
  3. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador
  4. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (CIF) - 2022

The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $6.4 per unit in 2022, reducing by -23.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. As a result, import price reached the peak level of $8.4 per unit, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($29 per unit), while the price for China ($2.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (FOB) - 2022

In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $6.3 per unit, which is down by -13.1% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $18 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($24 per unit), while the average price for exports to Panama ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador

In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into Ecuador surged to 339K units, rising by 81% on 2021. In general, imports posted a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $2.2M in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7053496187944.0%
Pakistan11617918834744.1%
Colombia17037.91512087.0%
Vietnam33.243.66.742.88.8%
Others7303506087882.6%
Total1,7549601,5712,1797.5%

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Ecuador in 2022:

  1. China (281.5K units)
  2. Pakistan (22.5K units)
  3. Vietnam (9.8K units)
  4. Colombia (7.1K units)

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador

In 2022, exports of articles of apparel and clothing accessories, of leather or of composition leather from Ecuador surged to 28K units, growing by 157% against the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 165%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather surged to $176K in 2022. Overall, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile17.09.526.410382.3%
Costa Rica42.413.427.232.1-8.9%
Panama9.38.35.511.47.0%
United States5.74.610.19.317.7%
Spain1.7N/A0.24.336.3%
Canada0.60.21.13.986.6%
Curacao5.0N/AN/A1.9-27.6%
Others30.13.68.610.3-30.1%
Total11239.779.017616.3%

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Ecuador in 2022:

  1. Chile (16.8K units)
  2. Panama (4.3K units)
  3. United States (1.7K units)
  4. Costa Rica (1.5K units)
  5. Canada (1.0K units)
  6. Spain (1.0K units)
  7. Curacao (0.7K units)

Source: IndexBox Market Intelligence Platform

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