Preserved Sauerkraut Price in Ecuador - 2022

Contents:

1. Preserved Sauerkraut Price in Ecuador (FOB) - 2022
2. Preserved Sauerkraut Price in Ecuador (CIF) - 2022
3. Preserved Sauerkraut Exports in Ecuador
4. Preserved Sauerkraut Imports in Ecuador

Preserved Sauerkraut Price in Ecuador (FOB) - 2022

In January 2022, the average preserved sauerkraut export price amounted to $1,794 per ton, surging by 10% against the previous month. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in April 2021 an increase of 43% m-o-m. The export price peaked at $4,419 per ton in July 2021; however, from August 2021 to January 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In January 2022, the countries with the highest prices were the United States ($1,878 per ton) and Trinidad and Tobago ($1,521 per ton), while the average price for exports to Bahamas ($1,441 per ton) and the Dominican Republic ($1,471 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Sauerkraut Price in Ecuador (CIF) - 2022

In 2022, the average preserved sauerkraut import price amounted to $2,631 per ton, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum at $3,466 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Germany ($5,654 per ton), while the price for the United States ($1,749 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Sauerkraut Exports in Ecuador

For the third year in a row, Ecuador recorded decline in shipments abroad of preserved sauerkraut, which decreased by -1.6% to 246 tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The smallest decline of -0.2% was in 2020.

In value terms, preserved sauerkraut exports expanded slightly to $1.1M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 3.4% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Preserved Sauerkraut from Ecuador in 2022:

1. United States (187.9 tons)
2. Dominican Republic (45.0 tons)

Preserved Sauerkraut Imports in Ecuador

In 2022, preserved sauerkraut imports into Ecuador skyrocketed to 349 tons, rising by 76% on 2021 figures. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved sauerkraut imports surged to $918K in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 140%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Preserved Sauerkraut to Ecuador in 2022:

1. China (169.1 tons)
2. Spain (54.7 tons)
3. United States (24.9 tons)
4. Germany (15.1 tons)
5. Chile (8.2 tons)
6. Italy (7.1 tons)

Source: IndexBox Market Intelligence Platform