Ecuador: Market for Brooms, Brushes, And Mops 2022

Market Size for Brooms, Brushes, And Mops in Ecuador

The Ecuadorian broom, brush, and mop market surged to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Exports of Brooms, Brushes, And Mops

Exports from Ecuador

For the third year in a row, Ecuador recorded growth in shipments abroad of brooms, brushes, and mops, which increased by X% to X units in 2021. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, broom, brush, and mop exports shrank to $X in 2021. Overall, exports saw a measured increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Colombia (X units) and Panama (X units) were the main destinations of broom, brush, and mop exports from Ecuador, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for broom, brush, and mop exported from Ecuador were Colombia ($X), Honduras ($X) and Mexico ($X), together accounting for X% of total exports.

Mexico, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average broom, brush, and mop export price amounted to $X per unit, declining by -X% against the previous year. In general, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Honduras ($X per unit), while the average price for exports to Panama ($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 Honduras (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Brooms, Brushes, And Mops

Imports into Ecuador

Broom, brush, and mop imports into Ecuador rose rapidly to X units in 2021, with an increase of X% on the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, broom, brush, and mop imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of broom, brush, and mop to Ecuador, accounting for a X% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), fivefold. The third position in this ranking was occupied by Vietnam (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-X% per year) and Vietnam (+X% per year).

In value terms, China ($X) constituted the largest supplier of broom, brush, and mop to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Colombia (-X% per year).

Import Prices by Country

In 2021, the average broom, brush, and mop import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform