Ecuador: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Ecuador

In 2022, the Ecuadorian wooden kitchen furniture market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, saw a prominent increase. Wooden kitchen furniture consumption peaked at $X in 2021, and then reduced in the following year.

Wooden Kitchen Furniture Production in Ecuador

In value terms, wooden kitchen furniture production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from Ecuador

In 2022, approx. X units of wooden furniture for kitchens were exported from Ecuador; increasing by X% on 2021 figures. In general, exports enjoyed a modest expansion. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports skyrocketed to $X in 2022. Overall, exports continue to indicate tangible growth. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Venezuela (X units) and Peru (X units) were the main destinations of wooden kitchen furniture exports from Ecuador, with a combined X% share of total exports.

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

In value terms, the United States ($X), Venezuela ($X) and Peru ($X) appeared to be the largest markets for wooden kitchen furniture exported from Ecuador worldwide, with a combined X% share of total exports.

Venezuela, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price 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. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per unit) and the United States ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) and Chile ($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 Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Ecuador

In 2022, purchases abroad of wooden furniture for kitchens decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank significantly in the following year.

In value terms, wooden kitchen furniture imports shrank sharply to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and the United States (X units) were the main suppliers of wooden kitchen furniture imports to Ecuador, with a combined X% share of total imports. Germany, Italy, Colombia and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, Brazil ($X) constituted the largest supplier of wooden furniture for kitchens to Ecuador, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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