Ecuador: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Ecuador

In 2021, after two years of decline, there was significant growth in the Ecuadorian metal frame non-upholstered seat market, when its value increased by 106% to $X. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Ecuador

In 2021, approx. X units of non-upholstered seats with metal frames were exported from Ecuador; with an increase of 173% against 2020. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for metal frame non-upholstered seat exports from Ecuador, accounting for a 42% share of total exports. Moreover, metal frame non-upholstered seat exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X units), twofold. The third position in this ranking was held by Peru (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+41.3% per year) and Peru (-30.2% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for non-upholstered seats with metal frames exports from Ecuador, comprising 68% of total exports. The second position in the ranking was held by Panama ($X), with a 16% share of total exports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Dominican Republic stood at +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-6.0% per year) and the United States (-29.4% per year).

Export Prices by Country

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, growing by 38% against the previous year. Over the period under review, the export price recorded a notable increase. The pace of growth was the most pronounced in 2015 an increase of 55%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Ecuador

In 2021, overseas purchases of non-upholstered seats with metal frames were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a mild shrinkage. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal frame non-upholstered seat imports soared to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of metal frame non-upholstered seat to Ecuador, accounting for a approx. 91% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.5%.

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Ecuador.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.0%.

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, rising by 5.7% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal frame non-upholstered seat import price increased by +30.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.7% per year.

Source: IndexBox Platform

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