Umbrella Price in Ecuador - 2022

Contents:

  1. Umbrella Price in Ecuador (CIF) - 2022
  2. Umbrella Price in Ecuador (FOB) - 2022
  3. Umbrella Imports in Ecuador
  4. Umbrella Exports in Ecuador

Umbrella Price in Ecuador (CIF) - 2022

In January 2022, the average umbrella import price amounted to $918 per thousand units, falling by -54.3% against the previous month. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 57% against the previous month. The import price peaked at $2.6 per unit in September 2021; however, from October 2021 to January 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2021 to January 2022, the rate of growth in terms of prices for China amounted to -3.9% per month.

Umbrella Price in Ecuador (FOB) - 2022

The average umbrella export price stood at $6.8 per unit in 2022, approximately reflecting the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 197% against the previous year. As a result, the export price reached the peak level of $35 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bermuda ($16 per unit), while the average price for exports to Honduras ($1 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 Bermuda (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports in Ecuador

In 2022, overseas purchases of umbrellas were finally on the rise to reach 1.1M units after two years of decline. In general, imports, however, showed a sharp slump. Over the period under review, imports hit record highs at 2.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports fell to $2.1M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports hit record highs at $3.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Umbrella in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.91.52.12.0-11.6%
Panama0.20.20.20.1-20.6%
Others0.20.10.20.1-20.6%
Total3.21.82.42.1-13.1%

Top Suppliers of Umbrella to Ecuador in 2022:

  1. China (1066.1K units)
  2. Panama (18.6K units)

Umbrella Exports in Ecuador

In 2022, umbrella exports from Ecuador shrank markedly to 285 units, waning by -43.2% against the previous year's figure. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 535% against the previous year. As a result, the exports reached the peak of 502 units, and then reduced sharply in the following year.

In value terms, umbrella exports shrank remarkably to $1.9K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 675%. As a result, the exports attained the peak of $3.4K, and then contracted rapidly in the following year.

Export of Umbrella in Ecuador (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama36.022.0171647161.9%
Costa Rica61.056.032415135.3%
Spain90.014044965.0-10.3%
Bermuda125N/AN/A62.0-20.8%
United States31.034.039.08.0-36.3%
SwitzerlandN/AN/A8927.0-99.2%
Colombia64.0N/AN/AN/A0%
Others1051891,543990111.3%
Total5124413,4181,93055.6%

Top Export Markets for Umbrella from Ecuador in 2022:

  1. Panama (101.0 units)
  2. Costa Rica (32.0 units)
  3. Spain (20.0 units)
  4. Bermuda (4.0 units)
  5. United States (1.0 units)
  6. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform

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