Ecuador: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Ecuador

The Ecuadorian wooden frame upholstered seat market contracted dramatically to $X in 2022, with a decrease 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, consumption recorded a abrupt setback. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Ecuador

In 2022, approx. X units of upholstered seats with wooden frames were exported from Ecuador; with an increase of X% on the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden frame upholstered seat exports skyrocketed to $X in 2022. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from Ecuador, with a X% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. The third position in this ranking was taken by Panama (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Panama (X% per year).

In value terms, the United States ($X) remains the key foreign market for upholstered seats with wooden frames exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Panama (X% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a slight decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per unit) and Peru ($X per unit), while the average price for exports to Panama ($X per unit) and the Dominican Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

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Imports of Upholstered Seats With Wooden Frames

Imports into Ecuador

In 2022, wooden frame upholstered seat imports into Ecuador contracted dramatically to X units, with a decrease of X% compared with 2021. Overall, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, wooden frame upholstered seat imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed notable growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X units), Brazil (X units) and Malaysia (X units) were the main suppliers of wooden frame upholstered seat imports to Ecuador, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Ecuador, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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