Report Update Nov 1, 2024

Ecuador - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Chandelier Market 2024

Chandelier Market Size in Ecuador

In 2022, the Ecuadorian chandelier market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chandelier Exports

Exports from Ecuador

After ten years of growth, overseas shipments of chandeliers decreased by -12.5% to X units in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, chandelier exports shrank remarkably to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,993%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for chandelier exports from Ecuador, accounting for a 901% share of total exports. Moreover, chandelier exports to the United States exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +6.7%.

In value terms, the United States ($X) remains the key foreign market for chandeliers exports from Ecuador, comprising 80% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.1%.

Export Prices by Country

The average chandelier export price stood at $X per unit in 2022, waning by -11.3% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 an increase of 36%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.1%).

Chandelier Imports

Imports into Ecuador

After two years of decline, supplies from abroad of chandeliers increased by 32% to X units in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 147% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chandelier imports reduced to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.1% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 75%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of chandelier to Ecuador, accounting for a 129% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Hong Kong SAR (-23.8% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to Ecuador, comprising 84% of total imports. The second position in the ranking was held by the United States ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and Hong Kong SAR (-18.8% per year).

Import Prices by Country

In 2022, the average chandelier import price amounted to $X per unit, which is down by -32.9% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 113% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chandeliers in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 54% share of global consumption.

What are the largest producers of chandeliers in the world?

China remains the largest chandelier producing country worldwide, accounting for 58% of total volume. Moreover, chandelier production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of chandeliers to Ecuador?

In value terms, China constituted the largest supplier of chandelier to Ecuador, comprising 87% of total imports. The second position in the ranking was occupied by the United States, with a 4.9% share of total imports.

What are the leading importers of chandeliers from Ecuador?

In value terms, Peru emerged as the key foreign market for chandelier exports from Ecuador, comprising 60% of total exports. The second position in the ranking was occupied by the United States, with a 27% share of total exports. It was followed by Haiti, with a 4.7% share.

What is the average export price for chandeliers in Ecuador?

In 2021, the average chandelier export price amounted to $12 per unit, shrinking by -45.1% against the previous year.

What is the average import price for chandeliers in Ecuador?

The average chandelier import price stood at $8 per unit in 2021, picking up by 17% against the previous year.

This report provides an in-depth analysis of the chandelier 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 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)

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