Ecuador: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Ecuador

After two years of decline, the Ecuadorian market for coconut, abaca, ramie and other vegetable textile fibres increased by 3.4% to $X in 2022. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.2% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Ecuador

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres reached $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Ecuador totaled X tons per ha in 2022, remaining stable against 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 2.6% against the previous year. The yield of coconut, abaca, ramie and other vegetable textile fibres peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of coconut, abaca, ramie and other vegetable textile fibres in Ecuador amounted to X ha in 2022, approximately reflecting 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.4%. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Ecuador

In 2022, after three years of growth, there was significant decline in overseas shipments of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -5.9% to X tons. In general, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 37%. Over the period under review, the exports of hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres reduced to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 70%. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

The UK (X tons), the Philippines (X tons) and Japan (X tons) were the main destinations of exports of coconut, abaca, ramie and other vegetable textile fibres from Ecuador, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +0.4%), while the other leaders experienced a decline.

In value terms, the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Ecuador were the UK ($X), the Philippines ($X) and Japan ($X), with a combined 72% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +5.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, rising by 1.7% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for coconut, abaca, ramie and other vegetable textile fibres decreased by -1.8% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the Philippines ($X per ton), while the average price for exports to Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Ecuador

In 2022, after three years of growth, there was decline in overseas purchases of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -3.1% to X tons. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 730% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres dropped rapidly to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 416% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then plummeted in the following year.

Imports by Country

India (X tons) and Sri Lanka (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +31.0%).

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Ecuador were Sri Lanka ($X) and India ($X).

Sri Lanka, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, shrinking by -13.2% against the previous year. In general, the import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.0%).

Source: IndexBox Platform