Report Update Nov 1, 2024

Ecuador - Polishes and Creams for Footwear or Leather - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Footwear Treatments Market 2024

Footwear Treatments Market Size in Ecuador

In 2022, the Ecuadorian footwear treatments market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Footwear Treatments Exports

Exports from Ecuador

In 2022, the amount of polishes and creams for footwear or leather exported from Ecuador declined to X kg, shrinking by -11.1% against the previous year. Overall, exports faced a deep downturn. The growth pace was the most rapid in 2017 with an increase of 326% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports dropped to $X in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 148% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Iceland (X kg) was the main destination for footwear treatments exports from Ecuador, accounting for a 71% share of total exports. Moreover, footwear treatments exports to Iceland exceeded the volume sent to the second major destination, Germany (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Iceland totaled +12.3%.

In value terms, the largest markets for footwear treatments exported from Ecuador were Iceland ($X) and Germany ($X).

Germany, with a CAGR of +51.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, growing by 3.7% against the previous year. Overall, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 111% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Iceland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Ecuador

In 2022, purchases abroad of polishes and creams for footwear or leather decreased by -6.1% to X tons, falling for the third year in a row after three years of growth. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports expanded rapidly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons), Colombia (X tons) and China (X tons) were the main suppliers of footwear treatments imports to Ecuador, with a combined 77% share of total imports. Chile, the United States and Mexico lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +4.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X) constituted the largest supplier of polishes and creams for footwear or leather to Ecuador, comprising 40% of total imports. The second position in the ranking was taken by Peru ($X), with a 15% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-8.3% per year) and Chile (-23.5% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes and creams for footwear or leather in the world?

China constituted the country with the largest volume of footwear treatments consumption, accounting for 27% of total volume. Moreover, footwear treatments consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.6% share.

What are the largest producers of polishes and creams for footwear or leather in the world?

China constituted the country with the largest volume of footwear treatments production, comprising approx. 32% of total volume. Moreover, footwear treatments production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of polishes and creams for footwear or leather to Ecuador?

In value terms, the largest footwear treatments suppliers to Ecuador were Colombia, Peru and Chile, together accounting for 70% of total imports. The United States, China, Germany and Turkey lagged somewhat behind, together accounting for a further 23%.

What is the average export price for polishes and creams for footwear or leather in Ecuador?

The average footwear treatments export price stood at $1,986 per ton in 2021, with a decrease of -82.4% against the previous year.

What is the average import price for polishes and creams for footwear or leather in Ecuador?

The average footwear treatments import price stood at $3,136 per ton in 2021, declining by -16.4% against the previous year.

This report provides an in-depth analysis of the footwear treatments market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414330 - Polishes, creams and similar preparations, for footwear or leather (excluding artificial and prepared waxes)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023