Ecuador: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2023

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Ecuador

In 2021, the Ecuadorian market for blankets and travelling rugs of synthetic fibres decreased by -9.5% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Ecuador

In value terms, travelling rugs of synthetic fibre production rose slightly to $X in 2021 estimated in export price. Overall, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Travelling rugs of synthetic fibre production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Ecuador

In 2021, overseas shipments of blankets and travelling rugs of synthetic fibres increased by 96% to X units, rising for the fourth year in a row after five years of decline. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, travelling rugs of synthetic fibre exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 197%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for travelling rugs of synthetic fibre exports from Ecuador, with a 67% share of total exports. Moreover, travelling rugs of synthetic fibre exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was held by Chile (X units), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +96.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+135.8% per year) and Chile (+126.5% per year).

In value terms, the United States ($X) remains the key foreign market for travelling rugs of synthetic fibre exports from Ecuador, comprising 73% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports. It was followed by Chile, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+115.0% per year) and Chile (+96.8% per year).

Export Prices by Country

In 2021, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, shrinking by -16.7% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 8.5%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Ecuador

In 2021, travelling rugs of synthetic fibre imports into Ecuador declined modestly to X units, falling by -3.7% on the year before. In general, imports showed a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 265% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre imports reduced to $X in 2021. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 140%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Chile (X units) was the main travelling rugs of synthetic fibre supplier to Ecuador, with a 90% share of total imports. Moreover, travelling rugs of synthetic fibre imports from Chile exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Peru (-52.9% per year).

In value terms, Chile ($X), China ($X) and Peru ($X) appeared to be the largest travelling rugs of synthetic fibre suppliers to Ecuador, together comprising 85% of total imports.

Chile, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, with a decrease of -7.1% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Peru ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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