Ecuador: Mannequin Market 2024

Mannequin Market Size in Ecuador

In 2022, the Ecuadorian mannequin market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Mannequin Exports

Exports from Ecuador

In 2022, exports of mannequins from Ecuador surged to X tons, increasing by 352% on the year before. Overall, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 377% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mannequin exports skyrocketed to $X in 2022. In general, exports posted a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 541%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X kg), the United Arab Emirates (X kg) and South Africa (X kg) were the main destinations of mannequin exports from Ecuador, together accounting for 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +57.5%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United States ($X) and the United Arab Emirates ($X) were the largest markets for mannequin exported from Ecuador worldwide, together accounting for 69% of total exports.

Canada, with a CAGR of +70.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 mannequin export price amounted to $X per ton, which is down by -21.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mannequin Imports

Imports into Ecuador

In 2022, after three years of decline, there was significant growth in supplies from abroad of mannequins, when their volume increased by 13% to X tons. In general, imports posted a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of 275% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mannequin imports rose rapidly to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 111%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest mannequin supplier to Ecuador, accounting for a 35% share of total imports. Moreover, mannequin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and Spain (+12.3% per year).

In value terms, the largest mannequin suppliers to Ecuador were the United States ($X), Spain ($X) and Germany ($X), together accounting for 54% of total imports. Canada, Colombia, China and the UK lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Canada, with a CAGR of +39.5%, recorded 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

The average mannequin import price stood at $X per ton in 2022, which is down by -5.8% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mannequin import price increased by +24.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 76% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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