Ecuador: Seat Market 2025

Seat Market Size in Ecuador

The Ecuadorian seat market skyrocketed to $X in 2021, with an increase of 47% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +123.7% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Seat Production in Ecuador

In value terms, seat production dropped to $X in 2021 estimated in export price. In general, production saw a mild decrease. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. Seat production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Seat Exports

Exports from Ecuador

In 2021, seat exports from Ecuador surged to X tons, with an increase of 85% compared with the previous year's figure. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 136% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, seat exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons), Peru (X tons) and Colombia (X tons) were the main destinations of seat exports from Ecuador, with a combined 28% share of total exports. These countries were followed by Panama, the United States, Chile, Jamaica and Venezuela, which together accounted for a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +78.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for seats exports from Ecuador, comprising 38% of total exports. The second position in the ranking was held by Peru ($X), with a 9.9% share of total exports. It was followed by Panama, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+5.8% per year) and Panama (+7.6% per year).

Export Prices by Country

The average seat export price stood at $X per ton in 2021, rising by 6.4% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. The growth pace was the most rapid in 2016 an increase of 97%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Seat Imports

Imports into Ecuador

In 2021, approx. X tons of seats were imported into Ecuador; picking up by 39% compared with the previous year. Overall, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, seat imports skyrocketed to $X in 2021. In general, imports posted notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of seat to Ecuador, accounting for a 41% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), eightfold. The third position in this ranking was held by Peru (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+6.1% per year) and Peru (+17.0% per year).

In value terms, China ($X) constituted the largest supplier of seats to Ecuador, comprising 63% of total imports. The second position in the ranking was held by Brazil ($X), with a 6.1% share of total imports. It was followed by the United States, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+32.7% per year) and the United States (-3.7% per year).

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, growing by 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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