Ecuador: Drawing Board Market 2024

Drawing Board Market Size in Ecuador

The Ecuadorian drawing board market declined to $X in 2022, waning by -14.8% 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 noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Drawing Board Exports

Exports from Ecuador

In 2022, shipments abroad of slates and boards with writing or drawing surfaces increased by 7.1% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 11,050% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, drawing board exports expanded sharply to $X in 2022. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 12,775%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Costa Rica (X units) and El Salvador (X units) were the main destinations of drawing board exports from Ecuador, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Ecuador, comprising 85% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 9.8% share of total exports. It was followed by El Salvador, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-1.9% per year) and El Salvador (-3.5% per year).

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, surging by 3.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 268%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to El Salvador ($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 El Salvador (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into Ecuador

In 2022, drawing board imports into Ecuador reduced to X units, declining by -11% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 108%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, drawing board imports dropped remarkably to $X in 2022. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main drawing board supplier to Ecuador, accounting for a 92% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.3% per year) and Hong Kong SAR (-34.9% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Ecuador, comprising 85% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.8% per year) and Hong Kong SAR (-39.9% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, reducing by -6.4% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :