Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $42 per unit in 2022, declining by -5% against the previous year. In general, the import price showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $76 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 Spain ($180 per unit), while the price for Peru ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $46 per unit in 2022, with an increase of 2.2% against the previous year. In general, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 50% against the previous year. The export price peaked at $113 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($45 per unit) and the United Arab Emirates ($45 per unit), while the average price for exports to Saudi Arabia ($45 per unit) and Chile ($45 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+88.9%), while the prices for the other major destinations experienced a decline.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador
In 2022, approx. 237K units of furniture; wooden, other than for office, kitchen or bedroom use were imported into Ecuador; which is down by -14% compared with the year before. Over the period under review, imports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year. As a result, imports attained the peak of 276K units, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use declined markedly to $9.9M in 2022. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of $12M, and then contracted significantly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.2 | 1.9 | 4.8 | 3.3 | 1.0% |
| China | 3.5 | 2.1 | 3.7 | 3.2 | -2.9% |
| Colombia | 1.2 | 0.5 | 1.1 | 1.0 | -5.9% |
| Spain | 0.3 | 0.1 | 0.5 | 0.7 | 32.6% |
| Peru | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.8 | 1.5 | 1.9 | 1.6 | -17.0% |
| Total | 10.9 | 6.0 | 12.1 | 9.9 | -3.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Ecuador in 2022:
- China (129.5K units)
- Brazil (69.6K units)
- Colombia (13.1K units)
- Peru (9.3K units)
- Spain (3.8K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador
In 2022, approx. 97K units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Ecuador; growing by 15% compared with 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $4.4M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. As a result, the exports attained the peak of $5.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,913 | 2,914 | 1,744 | 2,311 | 6.5% |
| Panama | 1,126 | 161 | 453 | 441 | -26.8% |
| United Arab Emirates | 68.8 | 232 | 382 | 418 | 82.5% |
| France | 147 | 201 | 141 | 202 | 11.2% |
| Peru | 302 | 103 | 124 | 200 | -12.8% |
| Chile | 47.5 | 53.7 | 637 | 186 | 57.6% |
| Saudi Arabia | N/A | N/A | 110 | 169 | 53.6% |
| Thailand | N/A | 999 | N/A | N/A | 0% |
| Others | 265 | 469 | 200 | 513 | 24.6% |
| Total | 3,871 | 5,133 | 3,790 | 4,440 | 4.7% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Ecuador in 2022:
- United States (50.9K units)
- Panama (9.7K units)
- United Arab Emirates (9.2K units)
- France (4.4K units)
- Peru (4.4K units)
- Chile (4.1K units)
- Saudi Arabia (3.7K units)
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