Ecuador: Perfume Market 2024

Perfume Market Size in Ecuador

The Ecuadorian perfume market declined modestly to $X in 2022, which is down by -4.4% against the previous year. Over the period under review, consumption saw a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Perfume Production in Ecuador

In value terms, perfume production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 88% against the previous year. Perfume production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Perfume Exports

Exports from Ecuador

In 2022, approx. X tons of perfumes and toilet waters were exported from Ecuador; almost unchanged from the previous year. In general, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 52% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, perfume exports rose significantly to $X in 2022. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Peru (X tons) and Colombia (X tons) were the main destinations of perfume exports from Ecuador, with a combined 76% share of total exports. Paraguay, El Salvador, Bolivia and the United States lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +575.9%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Chile ($X) were the largest markets for perfume exported from Ecuador worldwide, with a combined 77% share of total exports. Bolivia, Paraguay, the United States and El Salvador lagged somewhat behind, together accounting for a further 19%.

Paraguay, with a CAGR of +499.2%, saw the highest growth rate of the value of exports, among 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

The average perfume export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 54%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay ($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 the United States (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Ecuador

In 2022, perfume imports into Ecuador dropped rapidly to X tons, which is down by -15.5% on 2021. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, perfume imports reduced markedly to $X in 2022. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Colombia (X tons) and Poland (X tons) were the main suppliers of perfume imports to Ecuador, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest perfume suppliers to Ecuador were Colombia ($X), France ($X) and Spain ($X), with a combined 66% share of total imports. Brazil, Poland, China, the United States, Peru, Sweden and India lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, China, with a CAGR of +18.0%, 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 perfume import price stood at $X per ton in 2022, falling by -4.1% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume import price increased by +18.9% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 26%. The import price peaked at $X per ton in 2021, and then contracted modestly 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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