Price for Wigs; Complete, of Synthetic Textile Materials in Ecuador - 2022

Price for Wigs; Complete, of Synthetic Textile Materials in Ecuador (CIF) - 2022

The average import price for wigs; complete, of synthetic textile materialses stood at $5 per unit in 2022, approximately mirroring the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum at $6.1 per unit in 2015; however, from 2016 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 the United States ($45 per unit), while the price for China amounted to $4.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.5%).

Price for Wigs; Complete, of Synthetic Textile Materials in Ecuador (FOB) - 2022

The average export price for wigs; complete, of synthetic textile materialses stood at $22 per unit in 2022, picking up by 39% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 194% against the previous year. The export price peaked at $71 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($34 per unit), while the average price for exports to Chile stood at $18 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+70.3%).

Imports of Wigs; Complete, of Synthetic Textile Materials in Ecuador

In 2022, approx. 138K units of wigs; complete, of synthetic textile materialses were imported into Ecuador; growing by 192% compared with the previous year's figure. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 919%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of wigs; complete, of synthetic textile materialses soared to $683K in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 739%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Wigs; Complete, of Synthetic Textile Materials in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.2	176	179	602	289.3%
Others	15.5	39.9	54.9	80.7	73.3%
Total	25.7	216	234	683	198.4%

Top Suppliers of Wigs; Complete, of Synthetic Textile Materials to Ecuador in 2022:

China (136.9K units)

Exports of Wigs; Complete, of Synthetic Textile Materials in Ecuador

For the third consecutive year, Ecuador recorded decline in overseas shipments of wigs; complete, of synthetic textile materialses, which decreased by -59.3% to 11 units in 2022. Over the period under review, exports saw a dramatic downturn. The smallest decline of -15.6% was in 2021. The exports peaked at 71 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wigs; complete, of synthetic textile materialses contracted notably to $242 in 2022. Overall, exports recorded a significant contraction. The smallest decline of -6.1% was in 2020. The exports peaked at $489 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.