Ecuador: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Ecuador

The Ecuadorian market for footwear with uppers of textile materials was estimated at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, the total consumption 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, consumption decreased by -0.4% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Footwear with Uppers of Textile Materials in Ecuador

In value terms, production of footwear with uppers of textile materials expanded slightly to $X in 2022 estimated in export price. In general, production recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Footwear with Uppers of Textile Materials

Exports from Ecuador

In 2022, the amount of footwear with uppers of textile materials exported from Ecuador dropped to X pairs, with a decrease of -10.2% compared with the previous year's figure. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 35%. As a result, the exports reached the peak of X pairs. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials contracted markedly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X pairs) was the main destination for exports of footwear with uppers of textile materials from Ecuador, accounting for a 92% share of total exports. It was followed by Peru (X pairs), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled -12.6%.

In value terms, Colombia ($X) remains the key foreign market for footwear with uppers of textile materials exports from Ecuador, comprising 94% of total exports. The second position in the ranking was held by Peru ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled -6.8%.

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, reducing by -12.7% against the previous year. Overall, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 65% against the previous year. The export price peaked at $X per pair in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per pair), while the average price for exports to Peru amounted to $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.6%).

Imports of Footwear with Uppers of Textile Materials

Imports into Ecuador

In 2022, approx. X pairs of footwear with uppers of textile materials were imported into Ecuador; waning by -17% against the year before. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked at X pairs in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of footwear with uppers of textile materials contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X pairs) constituted the largest footwear with uppers of textile materials supplier to Ecuador, accounting for a 44% share of total imports. Moreover, imports of footwear with uppers of textile materials from Brazil exceeded the figures recorded by the second-largest supplier, China (X pairs), twofold. Vietnam (X pairs) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Vietnam (+5.1% per year).

In value terms, Brazil ($X), China ($X) and Vietnam ($X) were the largest footwear with uppers of textile materials suppliers to Ecuador, with a combined 84% share of total imports. Colombia, Panama, Portugal and Peru lagged somewhat behind, together comprising a further 9.5%.

Among the main suppliers, Portugal, with a CAGR of +47.4%, 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 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 21%. The import price peaked at $X per pair in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per pair), while the price for Peru ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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