Ecuador: Braces And Garters Market 2025

Braces And Garters Market Size in Ecuador

The Ecuadorian braces and garters market stood at $X in 2022, increasing by 3.9% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Braces And Garters Production in Ecuador

In value terms, braces and garters production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 55%. Braces and garters production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports from Ecuador

In 2022, the amount of braces, suspenders and garters exported from Ecuador shrank sharply to X units, with a decrease of -24.6% on the year before. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 804% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, braces and garters exports fell significantly to $X in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 815% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for braces and garters exports from Ecuador, accounting for a 93% share of total exports. Moreover, braces and garters exports to the United States exceeded the volume sent to the second major destination, Peru (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +10.2%.

In value terms, the United States ($X) remains the key foreign market for braces, suspenders and garters exports from Ecuador, comprising 94% of total exports. The second position in the ranking was held by Peru ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +14.5%.

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, increasing by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2020 an increase of 34%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Ecuador

In 2022, overseas purchases of braces, suspenders and garters increased by 6.2% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 54%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, braces and garters imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Colombia (X units) and the United States (X units) were the main suppliers of braces and garters imports to Ecuador, with a combined 89% share of total imports. These countries were followed by Thailand, Vietnam and the Philippines, which together accounted for a further 8.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest braces and garters suppliers to Ecuador were Colombia ($X), China ($X) and Vietnam ($X), together accounting for 77% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +63.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average braces and garters import price stood at $X per unit in 2022, declining by -8.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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