Ecuador: Knotted Carpet Market 2025

Knotted Carpet Market Size in Ecuador

The Ecuadorian knotted carpet market declined to $X in 2022, falling by -9.7% against the previous year. Over the period under review, consumption recorded a deep contraction. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Ecuador

In value terms, knotted carpet production dropped slightly to $X in 2022 estimated in export price. In general, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Knotted Carpet Exports

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of knotted carpets and other knotted textile floor coverings, when their volume decreased by -29.8% to X square meters. Over the period under review, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 96% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2021, and then fell rapidly in the following year.

In value terms, knotted carpet exports soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 103% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X square meters), Germany (X square meters) and Canada (X square meters) were the main destinations of knotted carpet exports from Ecuador, with a combined 88% share of total exports. Moreover, knotted carpet exports in the United States exceeded the figures recorded by the second-largest exporter, Germany, twofold.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +14.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Ecuador, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Austria, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.2% per year) and Austria (-26.3% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, with an increase of 133% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per square meter in 2013; however, from 2014 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 Germany ($X per square meter), while the average price for exports to Canada ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into Ecuador

After two years of growth, purchases abroad of knotted carpets and other knotted textile floor coverings decreased by -22.7% to X square meters in 2022. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 724%. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports contracted to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 486% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X square meters), Italy (X square meters) and the United States (X square meters) were the main suppliers of knotted carpet imports to Ecuador, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +95.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knotted carpet suppliers to Ecuador were Italy ($X), Germany ($X) and Egypt ($X), together comprising 79% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +78.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, increasing by 16% against the previous year. In general, the import price saw temperate growth. The growth pace was the most rapid in 2017 an increase of 252%. As a result, import price reached the peak level of $X per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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