Ecuador: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Ecuador

The Ecuadorian chocolate bar with filling market expanded modestly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Ecuador

In value terms, chocolate bar with filling production totaled $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Chocolate bar with filling production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Exports of Chocolate Bars With Fillings

Exports from Ecuador

In 2023, overseas shipments of chocolate bars with fillings decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, chocolate bar with filling exports shrank markedly to $X in 2023. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for chocolate bar with filling exports from Ecuador, with a X% share of total exports. Moreover, chocolate bar with filling exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), sixfold. The third position in this ranking was held by the Netherlands (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Ecuador

In 2023, imports of chocolate bars with fillings into Ecuador surged to X tons, increasing by X% compared with 2022. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, chocolate bar with filling imports soared to $X in 2023. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of chocolate bar with filling imports to Ecuador, with a combined X% share of total imports. Brazil, China, Italy, Spain and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Ecuador were the United States ($X), Colombia ($X) and Brazil ($X), together accounting for X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform