Price for Clothing; Parts, Knitted or Crocheted in Ecuador - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Ecuador (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Ecuador (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Ecuador
4. Exports of Clothing; Parts, Knitted or Crocheted in Ecuador

Price for Clothing; Parts, Knitted or Crocheted in Ecuador (CIF) - 2022

In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $16,707 per ton, increasing by 27% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted import price increased by +51.9% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $22,059 per ton in 2015; however, from 2016 to 2022, 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 ($23,101 per ton), while the price for Colombia ($9,758 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Ecuador (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $7,362 per ton in 2022, shrinking by -57.1% against the previous year. Overall, the export price showed a mild curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 144% against the previous year. As a result, the export price attained the peak level of $17,145 per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($10,174 per ton), while the average price for exports to Aruba ($2,655 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 Venezuela (+80.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clothing; Parts, Knitted or Crocheted in Ecuador

In 2022, approx. 13 tons of clothing; parts, knitted or crocheted were imported into Ecuador; waning by -52.9% on the previous year's figure. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 228%. As a result, imports reached the peak of 29 tons, and then shrank significantly in the following year.

In value terms, clothing; parts, knitted or crocheted imports fell markedly to $225K in 2022. Over the period under review, imports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 250% against the previous year. As a result, imports reached the peak of $376K, and then dropped notably in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Ecuador in 2022:

1. China (5.8 tons)
2. Peru (4.2 tons)
3. Colombia (1.5 tons)
4. United States (1.3 tons)
5. Brazil (0.6 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Ecuador

In 2022, approx. 11 tons of clothing; parts, knitted or crocheted were exported from Ecuador; growing by 308% against the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted exports soared to $80K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 163%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Ecuador in 2022:

1. Honduras (3.4 tons)
2. United States (2.1 tons)
3. Panama (1.9 tons)
4. Costa Rica (1.1 tons)
5. Colombia (0.8 tons)
6. Aruba (0.7 tons)
7. Curacao (0.3 tons)

Source: IndexBox Market Intelligence Platform