Ecuador: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Ecuador

In 2022, the Ecuadorian preparations for animal feeding market decreased by X% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Preparations Used In Animal Feeding in Ecuador

In value terms, preparations for animal feeding production totaled $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Preparations for animal feeding production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Preparations Used In Animal Feeding

Exports from Ecuador

In 2022, overseas shipments of preparations used in animal feeding decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports reduced rapidly to $X in 2022. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Peru (X tons) was the main destination for preparations for animal feeding exports from Ecuador, with a X% share of total exports. Moreover, preparations for animal feeding exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the United States (X% per year).

In value terms, Peru ($X) remains the key foreign market for preparations used in animal feeding exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the United States (X% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Preparations Used In Animal Feeding

Imports into Ecuador

In 2022, preparations for animal feeding imports into Ecuador fell dramatically to X tons, reducing by X% compared with the year before. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, preparations for animal feeding imports dropped notably to $X in 2022. Overall, imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of preparations for animal feeding to Ecuador, accounting for a X% share of total imports. Moreover, preparations for animal feeding imports from Peru exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

In value terms, Peru ($X) constituted the largest supplier of preparations used in animal feeding to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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