Ecuador: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Ecuador

The Ecuadorian umbrella and walking-stick market shrank to $X in 2022, reducing by -5.6% 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, however, saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from Ecuador

Umbrella and walking-stick exports from Ecuador fell rapidly to X units in 2022, waning by -41.5% on the previous year's figure. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 612% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports declined remarkably to $X in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 690%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for umbrella and walking-stick exports from Ecuador, with a 33% share of total exports. Moreover, umbrella and walking-stick exports to Panama exceeded the volume sent to the second major destination, Costa Rica (X units), threefold. Spain (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-0.9% per year) and Spain (+20.9% per year).

In value terms, Panama ($X) emerged as the key foreign market for umbrellas and walking-sticks exports from Ecuador, comprising 32% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 7.5% share of total exports. It was followed by Spain, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-5.0% per year) and Spain (+26.9% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, with a decrease of -1.7% against the previous year. Overall, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of 183% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 Bermuda ($X per unit), while the average price for exports to the Dominican Republic ($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 Bermuda (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Ecuador

In 2022, purchases abroad of umbrellas and walking-sticks increased by 9% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports showed a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 147%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, umbrella and walking-stick imports fell to $X in 2022. In general, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 93% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to Ecuador, with a 98% share of total imports. It was followed by Panama (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.9%.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Ecuador, comprising 93% of total imports. The second position in the ranking was held by Panama ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -4.3%.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, which is down by -21.1% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 37% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Panama ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (-1.3%).

Source: IndexBox Platform

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