Key Market Indicators
The import and export of leather goods in Ecuador is expected to take a downturn in the coming years. Imports are forecast to reach $1.48 million by 2026, a year-on-year decrease of 1.2% from 2021. This represents a CAGR (Compound Annual Growth Rate) of 4.5% since 1996. Nicaragua leads the rankings, with imports of $1.59 million. Germany, France and Italy follow, in that order. Exports of leather goods from Ecuador are expected to drop to $35,600 in 2021, down 29.2% from 2020's figure of $50,280. This marks a 25.1% decrease in exports since 1996.
