Ecuador - Seats For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVehicle Seat Price in Ecuador - 2022
Contents:
- Vehicle Seat Price in Ecuador (CIF) - 2022
- Vehicle Seat Price in Ecuador (FOB) - 2022
- Vehicle Seat Imports in Ecuador
- Vehicle Seat Exports in Ecuador
Vehicle Seat Price in Ecuador (CIF) - 2022
The average vehicle seat import price stood at $84 per unit in 2022, reducing by -14.8% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47%. The import price peaked at $298 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($177 per unit), while the price for Colombia ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Vehicle Seat Price in Ecuador (FOB) - 2022
The average vehicle seat export price stood at $143 per unit in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a mild contraction. The growth pace was the most rapid in 2016 an increase of 26%. As a result, the export price attained the peak level of $215 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($305 per unit), while the average price for exports to Venezuela amounted to $137 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.5%).
Vehicle Seat Imports in Ecuador
In 2022, the amount of seats for motor vehicles imported into Ecuador fell to 7.3K units, dropping by -14.8% compared with the previous year. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Imports peaked at 12K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, vehicle seat imports reduced dramatically to $613K in 2022. Overall, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 121%. As a result, imports attained the peak of $844K, and then declined rapidly in the following year.
| Import of Vehicle Seat in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 220 | 108 | 413 | 159 | -10.3% |
| Colombia | 238 | 47.3 | 27.7 | 124 | -19.5% |
| United States | 78.7 | 68.1 | 147 | 49.9 | -14.1% |
| Turkey | 2.8 | 3.1 | 4.3 | 30.8 | 122.4% |
| South Korea | 11.4 | 10.2 | 10.5 | 9.4 | -6.2% |
| Others | 159 | 145 | 242 | 240 | 14.7% |
| Total | 710 | 382 | 844 | 613 | -4.8% |
Top Suppliers of Vehicle Seat to Ecuador in 2022:
- Colombia (4.6K units)
- China (0.9K units)
- United States (0.8K units)
- Turkey (0.4K units)
- South Korea (0.1K units)
Vehicle Seat Exports in Ecuador
In 2022, shipments abroad of seats for motor vehicles decreased by -3.4% to 1.5K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 7.3%. Over the period under review, the exports hit record highs at 1.6K units in 2021, and then declined in the following year.
In value terms, vehicle seat exports contracted modestly to $215K in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 5.3% against the previous year. As a result, the exports attained the peak of $221K, and then fell slightly in the following year.
| Export of Vehicle Seat in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 186 | 192 | 200 | 198 | 2.1% |
| Colombia | 12.2 | 16.9 | 20.3 | 16.8 | 11.3% |
| Others | 0.7 | 0.7 | 0.5 | 0.6 | -5.0% |
| Total | 199 | 209 | 221 | 215 | 2.6% |
Top Export Markets for Vehicle Seat from Ecuador in 2022:
- Venezuela (1438.0 units)
- Colombia (55.0 units)
This report provides an in-depth analysis of the vehicle seat 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 29321000 - Seats for motor vehicles
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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