Ecuador: Headphone Market 2024

Headphone Market Size in Ecuador

In 2022, after five years of growth, there was significant decline in the Ecuadorian headphone market, when its value decreased by -5.8% to $X. Over the period under review, consumption, however, posted a pronounced increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Headphone Exports

Exports from Ecuador

In 2022, approx. X units of headphones were exported from Ecuador; dropping by -28.8% on 2021 figures. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 861% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, headphone exports fell rapidly to $X in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 798% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for headphone exports from Ecuador, with a 45% share of total exports. Moreover, headphone exports to Colombia exceeded the volume sent to the second major destination, El Salvador (X units), threefold. The third position in this ranking was held by Zimbabwe (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+52.7% per year) and Zimbabwe (0.0% per year).

In value terms, Colombia ($X), Canada ($X) and El Salvador ($X) were the largest markets for headphone exported from Ecuador worldwide, with a combined 74% share of total exports.

Among the main countries of destination, El Salvador, with a CAGR of +107.1%, 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 headphone export price amounted to $X per unit, increasing by 5.2% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, headphone export price decreased by -6.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 116% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Ecuador

In 2022, the amount of headphones imported into Ecuador reduced to X units, waning by -3.6% on the previous year. In general, imports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2018 when imports increased by 82%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports contracted to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest headphone supplier to Ecuador, with a 53% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.8% per year) and Vietnam (+82.4% per year).

In value terms, China ($X) constituted the largest supplier of headphones to Ecuador, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Vietnam, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Vietnam (+104.6% per year).

Import Prices by Country

In 2022, the average headphone import price amounted to $X per unit, waning by -2.9% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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