Ecuador: Travelling Wool Rug Market 2025

Travelling Wool Rug Market Size in Ecuador

The Ecuadorian travelling wool rug market reached $X in 2022, growing by 4.1% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Travelling wool rug consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Travelling Wool Rug Production in Ecuador

In value terms, travelling wool rug production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 15%. Travelling wool rug production peaked at $X in 2019; afterwards, it flattened through to 2022.

Travelling Wool Rug Exports

Exports from Ecuador

In 2022, approx. X units of blankets and travelling rugs of wool were exported from Ecuador; which is down by -17.4% on the previous year. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 64% against the previous year. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, travelling wool rug exports reduced dramatically to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

The United States (X units) was the main destination for travelling wool rug exports from Ecuador, with a 75% share of total exports. Moreover, travelling wool rug exports to the United States exceeded the volume sent to the second major destination, Canada (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+20.5% per year) and the Netherlands (+6.6% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and travelling rugs of wool exports from Ecuador, comprising 82% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+18.1% per year) and the Netherlands (+8.4% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, with a decrease of -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2015 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Ecuador

Travelling wool rug imports into Ecuador surged to X units in 2022, rising by 256% against the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 11,874% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, travelling wool rug imports surged to $X in 2022. In general, imports saw prominent growth. The growth pace was the most rapid in 2015 with an increase of 9,713%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of travelling wool rug to Ecuador, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +30.0%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of wool to Ecuador.

From 2012 to 2022, the average annual growth rate of value from China totaled +19.7%.

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, shrinking by -35.9% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 76%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.9% per year.

Source: IndexBox Platform

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