Ecuador: Hide Preparing Machinery Market 2025

Hide Preparing Machinery Market Size in Ecuador

In 2022, after two years of decline, there was significant growth in the Ecuadorian hide preparing machinery market, when its value increased by 34% to $X. Overall, consumption, however, showed a deep slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Hide Preparing Machinery Exports

Exports from Ecuador

After two years of decline, shipments abroad of machinery for preparing, tanning or working hides, skins or leather decreased by 0% to X units in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 67%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hide preparing machinery exports surged to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 550% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X units), Colombia (X units) and Italy (X units) were the main destinations of hide preparing machinery exports from Ecuador.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Peru ($X) remains the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from Ecuador, comprising 68% of total exports. The second position in the ranking was taken by Colombia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru stood at -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-12.3% per year) and Italy (-22.4% per year).

Export Prices by Country

In 2022, the average hide preparing machinery export price amounted to $X per unit, increasing by 77% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 an increase of 290% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Italy ($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 Peru (-1.7%), while the prices for the other major destinations experienced a decline.

Hide Preparing Machinery Imports

Imports into Ecuador

In 2022, after two years of decline, there was significant growth in supplies from abroad of machinery for preparing, tanning or working hides, skins or leather, when their volume increased by 22% to X units. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 173% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hide preparing machinery imports skyrocketed to $X in 2022. Overall, imports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 224%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest hide preparing machinery supplier to Ecuador, accounting for a 27% share of total imports. Moreover, hide preparing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Colombia (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+7.2% per year) and Mexico (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Ecuador, comprising 43% of total imports. The second position in the ranking was held by Colombia ($X), with a 4.6% share of total imports. It was followed by Brazil, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+10.8% per year) and Brazil (+1.2% per year).

Import Prices by Country

The average hide preparing machinery import price stood at $X per unit in 2022, picking up by 25% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 123% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :