Análisis del impacto financiero y costos de producción en el sector productor de muebles de madera en el Azuay, casa de aplicación “Vitefama”

Abstract

The production matrix changein Ecuador occurs in order to enhance domestic production and restrict imports; for this reason, the tariff called “safeguard” was implemented through COMEX 011-2015 Resolution. Therefore, it is necessary to analyze the financial impact and the effect on production costs as a result of this implementation. This paper aims to determine production costs with domestic and imported materials and compare them to carry out a study using a deductive and analytical methodology based on our research; this is the reason why we have chosen a company which produces wooden furniture and imports finished goods and raw materials: Vitefama. The results show that the import cost is a lot cheaper and more profitable for the company than producing goods for the domestic market due to the shortage of imported materials and the inaccessibility of reclining mechanisms at low costs, as well as the lack of domestic products that meet the same characteristics as imported products. After the application of safeguards which affected finished products at 45% and tapestries at 5%, a decrease of imports in this company occurred because the costs increased, which resulted in a higher final cost. In conclusion, these measures affected not only the wood industry, but all other industries because the business world is a circle where if there is not a large percentage of sales there is no work, and therefore suppliers will be affected by a decrease of their sales. The purchasing power in Ecuador went down significantly; therefore, more incentives for domestic production and marketing of our products should be promoted.