Ecuador: Greasy Wool Market 2022

Greasy Wool Market Size in Ecuador

The Ecuadorian greasy wool market dropped to $X in 2021, reducing by -X% against the previous year. Over the period under review, consumption, however, saw a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Greasy Wool Production in Ecuador

In value terms, greasy wool production reduced rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Greasy wool production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Greasy Wool Exports

Exports from Ecuador

In 2021, shipments abroad of greasy wool decreased by -X% to X kg, falling for the third consecutive year after seven years of growth. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, greasy wool exports contracted significantly to $X in 2021. Overall, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X kg) was the main destination for greasy wool exports from Ecuador, accounting for a X% share of total exports. Moreover, greasy wool exports to Chile exceeded the volume sent to the second major destination, Aruba (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +X%.

In value terms, Chile ($X) remains the key foreign market for greasy wool exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +X%.

Export Prices by Country

In 2021, the average greasy wool export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Aruba amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%).

Greasy Wool Imports

Imports into Ecuador

In 2021, overseas purchases of greasy wool decreased by -X% to X tons, falling for the eighth year in a row after two years of growth. In general, imports recorded a sharp slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, greasy wool imports fell markedly to $X in 2021. Over the period under review, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Peru (X tons) and Panama (X tons) were the main suppliers of greasy wool imports to Ecuador.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +X value terms, Peru ($X) constituted the largest supplier of greasy wool to Ecuador, comprising X% of total imports. The second position in the ranking was held by Panama ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru stood at -X%.

Import Prices by Country

In 2021, the average greasy wool import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($X per ton), while the price for Panama amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+X%).

Source: IndexBox Platform