Key Market Indicators
Wool imports to Ecuador are forecast to reach $2.3 million by 2026, down 1.8% annually on average from 2021. Since 1996, imports have risen 5.2% year-on-year. In 2021, the Dominican Republic overtook Ecuador to become the largest importer at $2.6 million. Italy, Germany, and the UK ranked 2nd, 3rd, and 4th respectively. Meanwhile, exports of wool from Ecuador are forecast to reach $902,000 by 2026, growing at a 3% compound annual growth rate (CAGR) since 2021. Since 1996, exports have risen 11.2% year-on-year. In 2021, Israel overtook Ecuador in the ranking and became the largest exporter at $752,790. China, Italy, and Germany were the 2nd, 3rd, and 4th biggest exporters respectively.
