Ecuador: Avocado Market 2024

Avocado Market Size in Ecuador

The Ecuadorian avocado market dropped to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Avocado consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Avocado Production in Ecuador

In value terms, avocado production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of avocados in Ecuador dropped to X tons per ha in 2022, with a decrease of X% against the previous year's figure. Overall, the yield saw a noticeable setback. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. Over the period under review, the average avocado yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of avocados were harvested in Ecuador; with an increase of X% compared with 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. The avocado harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Avocado Exports

Exports from Ecuador

In 2022, overseas shipments of avocados were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, avocado exports skyrocketed to $X in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of avocado exports from Ecuador, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for avocados exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average avocado export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Avocado Imports

Imports into Ecuador

In 2018, purchases abroad of avocados increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2018, the growth of imports remained at a lower figure.

In value terms, avocado imports surged to $X in 2018. Overall, imports, however, faced a sharp contraction. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Chile (X tons) was the main supplier of avocado to Ecuador, accounting for a approx. X% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Chile totaled X%.

In value terms, Chile ($X) constituted the largest supplier of avocados to Ecuador.

From 2012 to 2018, the average annual rate of growth in terms of value from Chile totaled X%.

Import Prices by Country

The average avocado import price stood at $X per ton in 2018, growing by X% against the previous year. In general, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2018, the rate of growth in terms of prices for Chile amounted to X% per year.

Source: IndexBox Platform

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