Price for Wood; Statuettes and Other Ornaments of Wood in Ecuador - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Ecuador (CIF) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Ecuador (FOB) - 2022
- Imports of Wood; Statuettes and Other Ornaments of Wood in Ecuador
- Exports of Wood; Statuettes and Other Ornaments of Wood in Ecuador
Price for Wood; Statuettes and Other Ornaments of Wood in Ecuador (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $5,748 per ton, declining by -18.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 38%. As a result, import price attained the peak level of $7,083 per ton, and then shrank rapidly in the following year.
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 Brazil ($27,738 per ton), while the price for Indonesia ($4,476 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Ecuador (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $4,016 per ton, reducing by -31.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 40%. Over the period under review, the average export prices attained the maximum at $8,526 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 France ($5,418 per ton), while the average price for exports to Italy ($1,009 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Statuettes and Other Ornaments of Wood in Ecuador
Imports of wood; statuettes and other ornaments of wood into Ecuador expanded to 131 tons in 2022, increasing by 4.8% on the year before. Over the period under review, imports posted a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 116% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of wood; statuettes and other ornaments of wood dropped to $754K in 2022. In general, imports recorded notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 199% against the previous year. As a result, imports attained the peak of $887K, and then dropped in the following year.
| Import of Wood; Statuettes and Other Ornaments of Wood in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 470 | 207 | 612 | 492 | 1.5% |
| Brazil | 106 | 34.9 | 113 | 99.7 | -2.0% |
| United States | 41.2 | 23.7 | 66.4 | 67.4 | 17.8% |
| Thailand | 1.9 | 1.9 | 0.1 | 25.0 | 136.1% |
| India | 37.9 | 10.5 | 16.8 | 21.2 | -17.6% |
| Indonesia | 13.6 | 7.7 | 25.9 | 15.4 | 4.2% |
| Others | 32.3 | 11.1 | 52.3 | 32.8 | 0.5% |
| Total | 703 | 297 | 887 | 754 | 2.4% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Ecuador in 2022:
- China (106.2 tons)
- United States (6.6 tons)
- India (4.1 tons)
- Brazil (3.6 tons)
- Indonesia (3.4 tons)
- Thailand (3.3 tons)
Exports of Wood; Statuettes and Other Ornaments of Wood in Ecuador
For the fourth year in a row, Ecuador recorded growth in overseas shipments of wood; statuettes and other ornaments of wood, which increased by 87% to 35 tons in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wood; statuettes and other ornaments of wood surged to $142K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Wood; Statuettes and Other Ornaments of Wood in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.1 | 23.6 | 58.3 | 71.7 | 35.1% |
| Chile | N/A | 2.4 | 2.0 | 11.7 | 120.8% |
| Aruba | 5.6 | 1.5 | 8.8 | 10.5 | 23.3% |
| Netherlands | 1.3 | 6.3 | 8.0 | 7.6 | 80.1% |
| Panama | 1.2 | 6.3 | 1.1 | 7.3 | 82.5% |
| Costa Rica | 7.9 | 3.2 | 4.5 | 5.3 | -12.5% |
| Spain | 10.0 | 4.3 | 5.6 | 5.0 | -20.6% |
| Bahamas | 4.2 | 4.2 | 0.3 | 4.4 | 1.6% |
| Hungary | 0.7 | 0.4 | 0.3 | 1.9 | 39.5% |
| Cayman Islands | 7.1 | 1.2 | N/A | 1.4 | -41.8% |
| Curacao | 0.8 | 0.7 | 0.1 | 1.0 | 7.7% |
| Bulgaria | N/A | 17.5 | N/A | 0.6 | -81.5% |
| Canada | 14.2 | 0.1 | 0.5 | 0.5 | -67.2% |
| Others | 20.3 | 4.2 | 21.0 | 13.4 | -12.9% |
| Total | 102 | 75.9 | 111 | 142 | 11.7% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Ecuador in 2022:
- United States (16.6 tons)
- Chile (2.5 tons)
- Panama (2.3 tons)
- Costa Rica (2.1 tons)
- Bahamas (2.1 tons)
- Aruba (1.9 tons)
- Spain (1.5 tons)
- Curacao (0.7 tons)
- Hungary (0.7 tons)
- Netherlands (0.5 tons)
- Canada (0.4 tons)
- Cayman Islands (0.3 tons)
- Bulgaria (0.2 tons)
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