Ecuador: Mattress Market 2024

Mattress Market Size in Ecuador

The Ecuadorian mattress market shrank slightly to $X in 2022, standing approx. at the previous year. In general, consumption continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of 3.3%. Mattress consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mattress Production in Ecuador

In value terms, mattress production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 3.3%. Mattress production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mattress Exports

Exports from Ecuador

After eight years of decline, overseas shipments of mattresses increased by 16% to X units in 2022. Overall, exports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mattress exports surged to $X in 2022. In general, exports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 52%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for mattress exports from Ecuador, with a 82% share of total exports. Moreover, mattress exports to Colombia exceeded the volume sent to the second major destination, Chile (X units), more than tenfold. Peru (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+79.1% per year) and Peru (-2.4% per year).

In value terms, Colombia ($X) remains the key foreign market for mattresses exports from Ecuador, comprising 74% of total exports. The second position in the ranking was held by Chile ($X), with a 9.7% share of total exports. It was followed by Peru, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+35.0% per year) and Peru (+1.6% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Mexico ($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 the Dominican Republic (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mattress Imports

Imports into Ecuador

Mattress imports into Ecuador fell modestly to X units in 2022, reducing by -3.3% on the previous year's figure. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 299% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports fell sharply to $X in 2022. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 193%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattress to Ecuador, accounting for a 68% share of total imports. Moreover, mattress imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.8% per year) and Denmark (-15.3% per year).

In value terms, the largest mattress suppliers to Ecuador were China ($X), Denmark ($X) and the United States ($X), with a combined 64% share of total imports.

China, with a CAGR of -7.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, dropping by -14.3% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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