Ecuador: Men Knitwear Market 2025

Men Knitwear Market Size in Ecuador

The Ecuadorian men knitwear market dropped to $X in 2022, with a decrease of -8.6% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Men Knitwear Production in Ecuador

In value terms, men knitwear production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by 45% against the previous year. Men knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from Ecuador

In 2022, exports of men's or boys' clothing (knitted or crocheted) from Ecuador fell rapidly to X units, shrinking by -31.4% against 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 125%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports contracted significantly to $X in 2022. Overall, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2019 with an increase of 176%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Bolivia (X units) and Germany (X units) were the main destinations of men knitwear exports from Ecuador, together comprising 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for men knitwear exported from Ecuador were Bolivia ($X), Germany ($X) and the United States ($X), with a combined 66% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +70.9%, saw the highest rates of growth with regard to 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

The average men knitwear export price stood at $X per unit in 2022, which is down by -5.8% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 Germany (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Ecuador

In 2022, men knitwear imports into Ecuador contracted notably to X units, which is down by -19.6% against the previous year. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, men knitwear imports plummeted to $X in 2022. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 93%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X units) was the main supplier of men knitwear to Ecuador, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar totaled +592.5%.

In value terms, Myanmar ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar amounted to +592.1%.

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, reducing by -21.6% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 6%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +3.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :