Ecuador: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Ecuador

The Ecuadorian silk shawl and scarf market dropped significantly to $X in 2022, falling by -78.9% 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 showed a deep slump. Silk shawl and scarf consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports from Ecuador

In 2019, shipments abroad of silk shawls and scarves decreased by 0% to X units, falling for the third year in a row after three years of growth. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 506% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2019, the growth of the exports failed to regain momentum.

In value terms, silk shawl and scarf exports totaled $X in 2019. Over the period under review, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2016 when exports increased by 681% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Canada (X units) and Portugal (X units) were the main destinations of silk shawl and scarf exports from Ecuador, together accounting for 38% of total exports.

From 2014 to 2019, the biggest increases were recorded for Portugal (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk shawl and scarf exported from Ecuador were Finland ($X), the United States ($X) and Spain ($X), with a combined 86% share of total exports. Canada, Portugal, Honduras and Costa Rica lagged somewhat behind, together accounting for a further 3.9%.

Honduras, with a CAGR of 0.0%, 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, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average silk shawl and scarf export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price recorded a dramatic decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2019, 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 Finland ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Silk Shawls And Scarves

Imports into Ecuador

Silk shawl and scarf imports into Ecuador contracted notably to X units in 2022, which is down by -76.7% against the year before. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2013 with an increase of 104% against the previous year. Imports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, silk shawl and scarf imports dropped dramatically to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 103% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X units) constituted the largest silk shawl and scarf supplier to Ecuador, with a 69% share of total imports. Moreover, silk shawl and scarf imports from Argentina exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Panama (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and Panama (+14.3% per year).

In value terms, Argentina ($X), Spain ($X) and Italy ($X) were the largest silk shawl and scarf suppliers to Ecuador, with a combined 41% share of total imports. Panama, India, China, Chile, Portugal and Colombia lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Panama, with a CAGR of +17.5%, saw 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

In 2022, the average silk shawl and scarf import price amounted to $X per unit, with a decrease of -16.4% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 41%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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