Ecuador: Composition Leather Market 2025

Composition Leather Market Size in Ecuador

In 2021, the Ecuadorian composition leather market decreased by -5.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Composition Leather Production in Ecuador

In value terms, composition leather production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 33%. Composition leather production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports from Ecuador

In 2018, overseas shipments of composition leather decreased by -96.6% to X square meters for the first time since 2014, thus ending a three-year rising trend. Over the period under review, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2017 when exports increased by 98%. The exports peaked at X square meters in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

In value terms, composition leather exports dropped markedly to $X in 2018. Overall, exports faced a sharp decline. The growth pace was the most rapid in 2017 with an increase of 83%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

Exports by Country

South Africa (X square meters) was the main destination for composition leather exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for composition leather exports from Ecuador.

From 2012 to 2018, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2018, falling by -2% against the previous year. Over the period under review, the export price showed a precipitous descent. The most prominent rate of growth was recorded in 2013 an increase of 73%. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2018, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for Cuba amounted to +2.2% per year.

Composition Leather Imports

Imports into Ecuador

In 2021, approx. X square meters of composition leather were imported into Ecuador; with a decrease of -8.4% on the previous year. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 159%. Imports peaked at X square meters in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports shrank sharply to $X in 2021. Overall, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 147%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Colombia (X square meters) constituted the largest composition leather supplier to Ecuador, with a 68% share of total imports. Moreover, composition leather imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from Colombia stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.5% per year) and Peru (-20.7% per year).

In value terms, Colombia ($X) constituted the largest supplier of composition leather to Ecuador, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.2% per year) and Peru (-21.1% per year).

Import Prices by Country

The average composition leather import price stood at $X per square meter in 2021, reducing by -12.1% against the previous year. Over the period under review, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 38% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Peru ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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