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

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

The Ecuadorian wooden frame non-upholstered seat market was estimated at $X in 2022, surging by 6.9% against the previous year. In general, consumption, however, saw a noticeable descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Ecuador

In value terms, wooden frame non-upholstered seat production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 80%. Wooden frame non-upholstered seat production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Ecuador

In 2022, overseas shipments of non-upholstered seats with wooden frames decreased by -3% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 872% 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 lower figure.

In value terms, wooden frame non-upholstered seat exports shrank dramatically to $X in 2022. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 1,349%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Ecuador, accounting for a 32% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was held by Chile (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.2% per year) and Chile (+36.2% per year).

In value terms, the largest markets for wooden frame non-upholstered seat exported from Ecuador were the United States ($X), New Zealand ($X) and Chile ($X), together accounting for 56% of total exports. France, Panama, Canada, the Dominican Republic and Norway lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +49.0%, recorded the highest growth rate of 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

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, which is down by -15.6% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Norway ($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 New Zealand (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Ecuador

Wooden frame non-upholstered seat imports into Ecuador declined rapidly to X units in 2022, falling by -33.1% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 250%. As a result, imports reached the peak of X units, and then shrank notably in the following year.

In value terms, wooden frame non-upholstered seat imports declined notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 135%. 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, China (X units) constituted the largest wooden frame non-upholstered seat supplier to Ecuador, with a 67% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Peru (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+25.7% per year) and South Korea (+28.0% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Ecuador, comprising 52% of total imports. The second position in the ranking was held by Peru ($X), with an 8.7% share of total imports. It was followed by Brazil, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+17.9% per year) and Brazil (+25.6% per year).

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, increasing by 6.6% against the previous year. Overall, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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