Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $5,027 per ton, which is down by -7.7% against the previous year. Overall, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. As a result, import price reached the peak level of $7,813 per ton. From 2014 to 2022, the average 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 ($15,119 per ton), while the price for China ($2,828 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $4,312 per ton in 2022, with an increase of 58% against the previous year. In general, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2019 an increase of 132%. The export price peaked at $11,065 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Colombia ($6,425 per ton), while the average price for exports to Peru ($3,000 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 Chile (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador

Imports of footwear; parts, outer soles and heels, of rubber or plasticses into Ecuador rose significantly to 1.2K tons in 2022, growing by 7.8% compared with 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses declined to $6.2M in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 100% against the previous year. As a result, imports reached the peak of $6.2M, leveling off in the following year.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Ecuador in 2022:

1. China (633.0 tons)
2. Colombia (471.0 tons)
3. Brazil (44.0 tons)
4. Peru (37.7 tons)
5. Spain (21.2 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ecuador

In 2022, after three years of growth, there was significant decline in shipments abroad of footwear; parts, outer soles and heels, of rubber or plasticses, when their volume decreased by -79.4% to 433 kg. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 331%.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses declined significantly to $1.9K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 249%.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Ecuador in 2022:

1. Chile (341.0 kg)
2. Colombia (87.0 kg)
3. Peru (5.0 kg)

Source: IndexBox Market Intelligence Platform