Ecuador: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in Ecuador

In 2021, the Ecuadorian pile and chenille fabric market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a deep downturn. Pile and chenille fabric consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Woven Pile Fabrics And Chenille Fabrics in Ecuador

In value terms, pile and chenille fabric production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Ecuador

In 2021, approx. X kg of woven pile fabrics and chenille fabrics were exported from Ecuador; waning by -X% compared with the previous year's figure. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports declined dramatically to $X in 2021. Overall, exports saw a precipitous descent. The growth pace was the most rapid in 2020 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 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for pile and chenille fabric exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to -X%.

In value terms, Colombia ($X) also remains the key foreign market for pile and chenille fabric exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled -X%.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +X% per year.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Ecuador

For the third year in a row, Ecuador recorded growth in supplies from abroad of woven pile fabrics and chenille fabrics, which increased by X% to X tons in 2021. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, pile and chenille fabric imports reduced modestly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of pile and chenille fabric to Ecuador, with a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by Colombia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

In value terms, China ($X) constituted the largest supplier of pile and chenille fabric to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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