Ecuador: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in Ecuador

The Ecuadorian non-knitted women apparel market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Non-Knitted Women Apparel Production in Ecuador

In value terms, non-knitted women apparel production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Knitted Women Apparel Exports

Exports from Ecuador

In 2022, shipments abroad of women's or girls' clothing (not knitted or crocheted) increased by X% to X units, rising for the third consecutive year after six years of decline. Overall, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-knitted women apparel exports soared to $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units), Chile (X units) and Peru (X units) were the main destinations of non-knitted women apparel exports from Ecuador, with a combined X% share of total exports. Canada, Costa Rica, Mexico, the UK and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-knitted women apparel exported from Ecuador were the United States ($X), Chile ($X) and Peru ($X), with a combined X% share of total exports. Canada, Mexico, Costa Rica, the UK and Panama lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-knitted women apparel export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per unit) and Mexico ($X per unit), while the average price for exports to the UK ($X per unit) and Panama ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Women Apparel Imports

Imports into Ecuador

Non-knitted women apparel imports into Ecuador surged to X units in 2022, increasing by X% compared with 2021 figures. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, non-knitted women apparel imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest non-knitted women apparel supplier to Ecuador, with a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 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 ($X), Colombia ($X) and Bangladesh ($X) constituted the largest non-knitted women apparel suppliers to Ecuador, together accounting for X% of total imports. Turkey, Vietnam, Cambodia, Morocco, the United States, India, Peru, Spain and Panama lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 non-knitted women apparel import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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