Ecuador - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 19, 2024

Ecuador - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Woolen Fabric Price in Ecuador - 2022

Contents:

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

Woolen Fabric Price in Ecuador (CIF) - 2022

The average woolen fabric import price stood at $4.5 per square meter in 2022, reducing by -12.8% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. The import price peaked at $10 per square meter in 2020; however, from 2021 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 Italy ($12 per square meter), while the price for China ($1.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Woolen Fabric Price in Ecuador (FOB) - 2022

The average woolen fabric export price stood at $7.9 per square meter in 2022, with an increase of 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($8.8 per square meter), while the average price for exports to Panama ($1.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports in Ecuador

In 2022, overseas purchases of woven woolen fabrics increased by 191% to 75K square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 133K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, woolen fabric imports surged to $339K in 2022. In general, imports, however, continue to indicate a precipitous setback. Imports peaked at $884K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Woolen Fabric in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy31517156.0171-18.4%
China2897.341.370.7-37.5%
Peru26022.1N/A56.5-39.9%
IndiaN/AN/AN/A16.90%
South KoreaN/AN/AN/A7.10%
GermanyN/A18.8N/AN/A0%
Others19.654.336.116.3-6.0%
Total884273133339-27.3%

Top Suppliers of Woolen Fabric to Ecuador in 2022:

  1. China (38.4K square meters)
  2. Italy (13.9K square meters)
  3. Peru (10.7K square meters)
  4. India (8.7K square meters)
  5. South Korea (2.8K square meters)

Woolen Fabric Exports in Ecuador

In 2022, shipments abroad of woven woolen fabrics increased by 133% to 9.8K square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic downturn. Over the period under review, the exports reached the peak figure at 57K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports soared to $77K in 2022. Overall, exports, however, saw a dramatic setback. Over the period under review, the exports reached the peak figure at $417K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Woolen Fabric in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia41119122.759.7-47.4%
United States0.20.21.812.7299.0%
Peru0.920.2N/A3.151.0%
Panama0.34.30.40.626.0%
Others5.5N/A5.90.9-45.3%
Total41721630.876.9-43.1%

Top Export Markets for Woolen Fabric from Ecuador in 2022:

  1. Colombia (6.8K square meters)
  2. United States (2.1K square meters)
  3. Panama (0.4K square meters)
  4. Peru (0.4K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woolen fabric 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 13201230 - Woven fabrics of carded wool or carded fine animal hair
  • Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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