Ecuador: Technical Textiles Market 2024

Technical Textiles Market Size in Ecuador

In 2022, the Ecuadorian technical textiles market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Technical Textiles Production in Ecuador

In value terms, technical textiles production reached $X in 2022 estimated in export price. In general, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Technical Textiles Exports

Exports from Ecuador

For the third year in a row, Ecuador recorded decline in overseas shipments of textile products and articles for technical uses, which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, technical textiles exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for technical textiles exports from Ecuador, accounting for a X% share of total exports. Moreover, technical textiles exports to Spain exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was held by Peru (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain 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 Peru (X% per year).

In value terms, the largest markets for technical textiles exported from Ecuador were Spain ($X), the United States ($X) and Peru ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Ecuador

In 2022, approx. X tons of textile products and articles for technical uses were imported into Ecuador; shrinking by X% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, technical textiles imports fell to $X in 2022. Overall, total imports indicated notable growth 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest technical textiles supplier to Ecuador, accounting for a X% share of total imports. Moreover, technical textiles imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X), the United States ($X) and Brazil ($X) appeared to be the largest technical textiles suppliers to Ecuador, with a combined X% share of total imports. Spain, Germany, Colombia, India, Mexico, Peru and South Korea lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average technical textiles import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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