Report Update Nov 1, 2024

Ecuador - Brooms and Brushes of Twigs - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Twig Broom Market 2024

Twig Broom Market Size in Ecuador

In 2021, the Ecuadorian twig broom market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Twig Broom Exports

Exports from Ecuador

In 2021, overseas shipments of brooms and brushes of twigs decreased by -23.7% to X units, falling for the second year in a row after four years of growth. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 8.2%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, twig broom exports shrank notably to $X in 2021. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 21%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units) was the main destination for twig broom exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at -14.8%.

In value terms, Peru ($X) also remains the key foreign market for brooms and brushes of twigs exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled -12.9%.

Export Prices by Country

The average twig broom export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 11%. As a result, the export price attained the peak level of $X per unit; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the rate of growth in terms of prices for Peru amounted to +2.2% per year.

Twig Broom Imports

Imports into Ecuador

In 2021, imports of brooms and brushes of twigs into Ecuador surged to X units, with an increase of 56% against 2020 figures. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 116% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, twig broom imports surged to $X in 2021. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 102% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest twig broom supplier to Ecuador, with a 78% share of total imports. Moreover, twig broom imports from China exceeded the figures recorded by the second-largest supplier, Peru (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+26.2% per year) and Italy (+28.0% per year).

In value terms, China ($X) constituted the largest supplier of brooms and brushes of twigs to Ecuador, comprising 57% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.5% share of total imports. It was followed by Italy, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-17.2% per year) and Italy (+11.5% per year).

Import Prices by Country

In 2021, the average twig broom import price amounted to $X per unit, with a decrease of -20.3% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 46% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brooms and brushes of twigs in the world?

The country with the largest volume of twig broom consumption was China, accounting for 19% of total volume. Moreover, twig broom consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of brooms and brushes of twigs in the world?

The countries with the highest volumes of twig broom production in 2020 were China, Sri Lanka and India, with a combined 41% share of global production.

What are the leading suppliers of brooms and brushes of twigs to Ecuador?

In value terms, China constituted the largest supplier of twig broom to Ecuador, comprising 78% of total imports. The second position in the ranking was occupied by Turkey, with a 9.8% share of total imports.

What is the average export price for brooms and brushes of twigs in Ecuador?

In 2020, the average twig broom export price amounted to $1.7 per unit, with an increase of 6.3% against the previous year.

What is the average import price for brooms and brushes of twigs in Ecuador?

In 2020, the average twig broom import price amounted to $1.2 per unit, which is down by -13.3% against the previous year.

This report provides an in-depth analysis of the twig broom market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023