Price for Textiles; Worn Clothing and Other Worn Articles in Ecuador - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Ecuador (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Ecuador (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Ecuador
- Exports of Textiles; Worn Clothing and Other Worn Articles in Ecuador
Price for Textiles; Worn Clothing and Other Worn Articles in Ecuador (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $3,887 per ton in 2022, picking up by 37% against the previous year. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. The import price peaked at $3,948 per ton in 2019; afterwards, it flattened through to 2022.
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 France ($13,699 per ton), while the price for the United States ($3,047 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Ecuador (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $2,921 per ton in 2022, which is down by -8.2% against the previous year. Overall, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 79% against the previous year. The export price peaked at $6,129 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($10,440 per ton), while the average price for exports to Sweden ($552 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 Benin (+52.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in Ecuador
In 2022, supplies from abroad of textiles; worn clothing and other worn articleses decreased by -32.4% to 297 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 634%. As a result, imports attained the peak of 439 tons, and then fell remarkably in the following year.
In value terms, imports of textiles; worn clothing and other worn articleses fell to $1.2M in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 539%. As a result, imports attained the peak of $1.2M, and then declined in the following year.
| Import of Textiles; Worn Clothing and Other Worn Articles in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 87.0 | 169 | 1,078 | 739 | 104.0% |
| Spain | 6.1 | N/A | 1.1 | 182 | 210.2% |
| France | N/A | N/A | 26.3 | 172 | 554.0% |
| United Kingdom | N/A | 7.9 | 116 | 47.5 | 145.2% |
| Gambia | N/A | N/A | 10.2 | N/A | 0% |
| Honduras | 0.2 | 2.0 | 1.6 | N/A | 182.8% |
| Others | 8.4 | 15.6 | 8.3 | 13.2 | 16.3% |
| Total | 102 | 194 | 1,242 | 1,154 | 124.5% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Ecuador in 2022:
- United States (242.5 tons)
- Spain (27.4 tons)
- France (12.6 tons)
- United Kingdom (6.3 tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Ecuador
In 2022, shipments abroad of textiles; worn clothing and other worn articleses increased by 22% to 8.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous contraction.
In value terms, exports of textiles; worn clothing and other worn articleses amounted to $24K in 2022. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.
| Export of Textiles; Worn Clothing and Other Worn Articles in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 7.0 | 5.3 | 10.3 | 21.3% |
| Benin | N/A | N/A | 3.7 | 5.2 | 40.5% |
| Egypt | 0.2 | N/A | N/A | 3.1 | 149.3% |
| Chile | 19.9 | 0.1 | 0.6 | 1.5 | -57.8% |
| Netherlands | N/A | N/A | 0.1 | 0.8 | 700.0% |
| South Korea | 4.9 | 10.0 | 0.1 | 0.8 | -45.3% |
| Sweden | N/A | N/A | N/A | 0.6 | 0% |
| Lebanon | N/A | N/A | 7.1 | N/A | 0% |
| Kuwait | 6.6 | N/A | N/A | N/A | 0% |
| Others | 4.8 | 2.0 | 4.7 | 1.8 | -27.9% |
| Total | 36.3 | 19.1 | 21.6 | 24.2 | -12.6% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Ecuador in 2022:
- Egypt (4.4 tons)
- Sweden (1.1 tons)
- United Kingdom (1.0 tons)
- Chile (0.9 tons)
- Benin (0.5 tons)
- Netherlands (0.2 tons)
- South Korea (0.1 tons)
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