Ecuador: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Ecuador

The Ecuadorian market for mattresses of cellular rubber or plastics shrank notably to $X in 2022, falling by -37.2% 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). In general, consumption, however, enjoyed a measured increase. Consumption of peaked at $X in 2021, and then shrank sharply in the following year.

Exports of Mattresses of cellular rubber or plastics

Exports from Ecuador

In 2022, after four years of growth, there was decline in shipments abroad of mattresses of cellular rubber or plastics, when their volume decreased by -1.2% to X units. In general, exports showed a precipitous decline. The pace of growth appeared the most rapid in 2018 with an increase of 84%. Over the period under review, the exports of reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses of cellular rubber or plastics expanded slightly to $X in 2022. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2013 with an increase of 59%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Ecuador, accounting for a 85% share of total exports. Moreover, exports of mattresses of cellular rubber or plastics to Colombia exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at -21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.7% per year) and the Dominican Republic (0.0% per year).

In value terms, Colombia ($X), the Dominican Republic ($X) and Mexico ($X) were the largest markets for mattresses of cellular rubber or plastics exported from Ecuador worldwide, with a combined 88% share of total exports.

The Dominican Republic, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for mattresses of cellular rubber or plastics amounted to $X per unit, increasing by 4.8% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 9.9%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-6.1%).

Imports of Mattresses of cellular rubber or plastics

Imports into Ecuador

In 2022, imports of mattresses of cellular rubber or plastics into Ecuador fell dramatically to X units, waning by -38.5% against the previous year. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 242% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of mattresses of cellular rubber or plastics dropped markedly to $X in 2022. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 159%. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Ecuador, with a 70% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), sixfold. The third position in this ranking was held by Colombia (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-18.3% per year) and Colombia (+12.1% per year).

In value terms, the largest mattresses of cellular rubber or plastics suppliers to Ecuador were China ($X), Denmark ($X) and Colombia ($X), together comprising 59% of total imports.

Among the main suppliers, Colombia, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, growing by 13% against the previous year. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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