Report Update Nov 1, 2024

Ecuador - Polishes and Creams for Wooden Furniture and Floors - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Ecuador

The Ecuadorian wooden furniture treatments market fell to $X in 2022, declining by -5.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Ecuador

For the third consecutive year, Ecuador recorded growth in overseas shipments of polishes and creams for wooden furniture and floors, which increased by 63% to X tons in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 168% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, wooden furniture treatments exports surged to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 175%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for wooden furniture treatments exports from Ecuador, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Colombia stood at +108.6%.

In value terms, Colombia ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Ecuador.

From 2015 to 2021, the average annual rate of growth in terms of value to Colombia stood at +112.1%.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 73%. The export price peaked in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2015 to 2021, the rate of growth in terms of prices for Colombia amounted to +1.7% per year.

Wooden Furniture Treatments Imports

Imports into Ecuador

In 2022, wooden furniture treatments imports into Ecuador dropped to X tons, which is down by -6.3% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 38%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports fell to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Colombia (X tons) and Peru (X tons) were the main suppliers of wooden furniture treatments imports to Ecuador, with a combined 78% share of total imports. Mexico and China lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +45.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) constituted the largest wooden furniture treatments suppliers to Ecuador, with a combined 77% share of total imports. Mexico and China lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, China, with a CAGR of +29.9%, saw the highest growth rate of 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 wooden furniture treatments import price stood at $X per ton in 2022, waning by -4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes and creams for wooden furniture and floors in the world?

China remains the largest wooden furniture treatments consuming country worldwide, accounting for 26% of total volume. Moreover, wooden furniture treatments consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of polishes and creams for wooden furniture and floors in the world?

China constituted the country with the largest volume of wooden furniture treatments production, accounting for 26% of total volume. Moreover, wooden furniture treatments production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of polishes and creams for wooden furniture and floors to Ecuador?

In value terms, the largest wooden furniture treatments suppliers to Ecuador were Peru, Chile and Mexico, with a combined 78% share of total imports.

What is the average export price for polishes and creams for wooden furniture and floors in Ecuador?

The average wooden furniture treatments export price stood at $2,476 per ton in 2021, approximately reflecting the previous year.

What is the average import price for polishes and creams for wooden furniture and floors in Ecuador?

In 2021, the average wooden furniture treatments import price amounted to $2,706 per ton, surging by 9.9% against the previous year.

This report provides an in-depth analysis of the wooden furniture 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 20414350 - Polishes, creams and similar preparations, for the maintenance of wooden furniture, floors or other woodwork (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