
Ecuador - Silk Shawls and Scarves - Market Analysis, Forecast, Size, Trends and Insights
Ecuador: Market for Silk Shawls And Scarves 2022
Market Size for Silk Shawls And Scarves in Ecuador
In 2021, after two years of growth, there was significant decline in the Ecuadorian silk shawl and scarf market, when its value decreased by -X% to $X. In general, consumption showed a abrupt slump. Silk shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Production of Silk Shawls And Scarves in Ecuador
In value terms, silk shawl and scarf production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Silk shawl and scarf production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.
Exports of Silk Shawls And Scarves
Exports from Ecuador
Silk shawl and scarf exports from Ecuador expanded modestly to X units in 2021, rising by less than X% compared with 2020 figures. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
In value terms, silk shawl and scarf exports shrank notably to $X in 2021. In general, exports, however, showed a mild decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.
Exports by Country
Finland (X units) was the main destination for silk shawl and scarf exports from Ecuador, accounting for a X% share of total exports. Moreover, silk shawl and scarf exports to Finland exceeded the volume sent to the second major destination, the United States (X units), threefold. Norway (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual growth rate of volume to Finland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Norway (X% per year).
In value terms, Finland ($X) remains the key foreign market for silk shawl and scarf exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Finland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Switzerland (X% per year).
Export Prices by Country
The average silk shawl and scarf export price stood at $X per unit in 2021, reducing by -X% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Canada ($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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Silk Shawls And Scarves
Imports into Ecuador
In 2021, purchases abroad of silk shawls and scarves decreased by -X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.
In value terms, silk shawl and scarf imports skyrocketed to $X in 2021. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
Imports by Country
China (X units), India (X units) and Italy (X units) were the main suppliers of silk shawl and scarf imports to Ecuador, together comprising X% of total imports.
From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Italy ($X) constituted the largest supplier of silk shawl and scarf to Ecuador, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (-X% per year).
Import Prices by Country
In 2021, the average silk shawl and scarf import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for silk shawl and scarf 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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