Ecuador: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Ecuador

The Ecuadorian metal frame upholstered seat market skyrocketed to $X in 2021, picking up by 28% 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). Over the period under review, consumption posted buoyant growth. Metal frame upholstered seat consumption peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Ecuador

In 2021, exports of upholstered seats with metal frames from Ecuador skyrocketed to X units, with an increase of 37% on the previous year. In general, exports, however, saw a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 106% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2019 with an increase of 187% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Norway (X units) and Bolivia (X units) were the main destinations of metal frame upholstered seat exports from Ecuador, together accounting for 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of -9.3%), while the other leaders experienced a decline.

In value terms, Norway ($X) remains the key foreign market for upholstered seats with metal frames exports from Ecuador, comprising 45% of total exports. The second position in the ranking was taken by Colombia ($X), with a 16% share of total exports. It was followed by Bolivia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-10.9% per year) and Bolivia (-29.1% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, rising by 5.7% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 39%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Ecuador

In 2021, approx. X units of upholstered seats with metal frames were imported into Ecuador; with an increase of 38% on the year before. Over the period under review, imports saw a noticeable increase. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Ecuador, accounting for a 80% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+117.6% per year) and Colombia (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Ecuador, comprising 68% of total imports. The second position in the ranking was taken by Brazil ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+94.8% per year) and Colombia (-4.3% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, waning by -10.9% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 43%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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