Ecuador: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2025

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Ecuador

The Ecuadorian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021, increasing by 44% against the previous year. In general, consumption, however, showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Ecuador

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Production of peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Ecuador

In 2021, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Ecuador dropped rapidly to X tons, with a decrease of -28.4% against the year before. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 399%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap dropped to $X in 2021. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 377%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Ecuador, accounting for a 76% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Colombia exceeded the volume sent to the second major destination, Peru (X tons), ninefold. The third position in this ranking was taken by Panama (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-23.9% per year) and Panama (+8.4% per year).

In value terms, Colombia ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Ecuador, comprising 58% of total exports. The second position in the ranking was taken by Panama ($X), with a 13% share of total exports. It was followed by Peru, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+10.6% per year) and Peru (-15.4% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, growing by 21% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 98%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Ecuador

In 2021, approx. X tons of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were imported into Ecuador; picking up by 43% against 2020. Over the period under review, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 72% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Ecuador, together accounting for 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Vietnam ($X) appeared to be the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Ecuador, with a combined 70% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +8.8%, saw the highest rates of growth with regard to 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

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 an increase of 44%. The import price peaked at $X per ton in 2018; however, from 2019 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 Indonesia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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