Ecuador: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in Ecuador

The Ecuadorian safety seat belt market declined slightly to $X in 2022, waning by -3.2% 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). Overall, consumption saw a deep setback. Safety seat belt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Safety Seat Belt Exports

Exports from Ecuador

After two years of decline, overseas shipments of safety seat belts increased by 40% to X units in 2022. In general, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 1,757% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety seat belt exports shrank dramatically to $X in 2022. Overall, exports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 738%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for safety seat belt exports from Ecuador, with a 50% share of total exports. Moreover, safety seat belt exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Colombia (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to -35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.7% per year) and Colombia (-28.8% per year).

In value terms, Colombia ($X) remains the key foreign market for safety seat belts exports from Ecuador, comprising 66% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by the Czech Republic, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at -27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.7% per year) and the Czech Republic (-44.2% per year).

Export Prices by Country

In 2022, the average safety seat belt export price amounted to $X per unit, with a decrease of -43.1% against the previous year. In general, the export price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2021 an increase of 193% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the Czech Republic ($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 the United States (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Seat Belt Imports

Imports into Ecuador

Safety seat belt imports into Ecuador reduced slightly to X units in 2022, with a decrease of -2.2% compared with the previous year's figure. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, safety seat belt imports dropped to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 56%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of safety seat belt to Ecuador, with a 59% share of total imports. Moreover, safety seat belt imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.5% per year) and Thailand (-2.9% per year).

In value terms, the largest safety seat belt suppliers to Ecuador were China ($X), Thailand ($X) and South Korea ($X), with a combined 52% share of total imports. Japan, the United States, India and Colombia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, India, with a CAGR of +44.5%, 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 safety seat belt import price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2020 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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