Ecuador: Gloves Market 2024

Gloves Market Size in Ecuador

In 2022, the Ecuadorian gloves market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Gloves Production in Ecuador

In value terms, gloves production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Gloves Exports

Exports from Ecuador

In 2022, shipments abroad of gloves, mittens and mitts increased by X% to X pairs, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X pairs. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, gloves exports surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X pairs) was the main destination for gloves exports from Ecuador, with a X% share of total exports. Moreover, gloves exports to Costa Rica exceeded the volume sent to the second major destination, Guatemala (X pairs), threefold. The third position in this ranking was held by the Dominican Republic (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the Dominican Republic (X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for gloves, mittens and mitts exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Panama (X% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per pair in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per pair), while the average price for exports to Guatemala ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into Ecuador

In 2022, the amount of gloves, mittens and mitts imported into Ecuador dropped to X pairs, reducing by X% against the previous year's figure. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gloves imports surged to $X in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest gloves supplier to Ecuador, with a X% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, the United States (X pairs), more than tenfold. The third position in this ranking was taken by India (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2022, picking up by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gloves import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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