Ecuador: Tufted Carpet Market 2025

Tufted Carpet Market Size in Ecuador

The Ecuadorian tufted carpet market shrank notably to $X in 2022, with a decrease of -17.4% against the previous year. Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Tufted Carpet Production in Ecuador

In value terms, tufted carpet production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 77%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tufted Carpet Exports

Exports from Ecuador

In 2022, shipments abroad of tufted carpets and other tufted textile floor coverings decreased by -6.6% to X square meters, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 when exports increased by 239%. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tufted carpet exports totaled $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 356%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Slovakia (X square meters) was the main destination for tufted carpet exports from Ecuador, accounting for a 53% share of total exports. Moreover, tufted carpet exports to Slovakia exceeded the volume sent to the second major destination, the United States (X square meters), threefold. The third position in this ranking was held by Venezuela (X square meters), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and Venezuela (-6.3% per year).

In value terms, Slovakia ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Ecuador, comprising 78% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total exports. It was followed by the Dominican Republic, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.6% per year) and the Dominican Republic (+3.0% per year).

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, growing by 10% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tufted carpet export price increased by +140.3% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 100%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per square meter), while the average price for exports to Venezuela ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Tufted Carpet Imports

Imports into Ecuador

Tufted carpet imports into Ecuador declined sharply to X square meters in 2022, with a decrease of -18.4% on the year before. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 391% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, tufted carpet imports declined dramatically to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 333%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X square meters), the Netherlands (X square meters) and Germany (X square meters) were the main suppliers of tufted carpet imports to Ecuador, with a combined 34% share of total imports. Belgium, Greece, the United States, Chile, Argentina, India, Panama, Egypt, Colombia and Saudi Arabia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tufted carpet suppliers to Ecuador were China ($X), Germany ($X) and the United States ($X), together accounting for 29% of total imports.

Among the main suppliers, Germany, with a CAGR of +20.7%, recorded 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 tufted carpet import price stood at $X per square meter in 2022, increasing by 1.7% against the previous year. Overall, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 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 Colombia ($X per square meter), while the price for Chile ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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