Ecuador: Vegetable Product Market 2024

Vegetable Product Market Size in Ecuador

In 2022, the Ecuadorian vegetable product market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Vegetable Product Production in Ecuador

In value terms, vegetable product production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average vegetable product yield in Ecuador plummeted to X tons per ha, with a decrease of X% against the previous year. In general, the yield continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. The vegetable product yield peaked at X tons per ha in 2015; however, from 2016 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.

The vegetable product harvested area in Ecuador reduced to X ha in 2022, waning by X% on the previous year's figure. The harvested area 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. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Vegetable Product Exports

Exports from Ecuador

For the tenth year in a row, Ecuador recorded decline in overseas shipments of vegetable products, which decreased by X% to X kg in 2022. Over the period under review, exports saw a significant decline. The smallest decline of X% was in 2013. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable product exports declined rapidly to $X in 2022. Overall, exports showed a sharp setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X kg) and the United States (X kg) were the main destinations of vegetable product exports from Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%).

In value terms, the United States ($X) and Panama ($X) constituted the largest markets for vegetable product exported from Ecuador worldwide.

Panama, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into Ecuador

After three years of growth, purchases abroad of vegetable products decreased by X% to X tons in 2022. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, vegetable product imports declined to $X in 2022. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) was the main vegetable product supplier to Ecuador, accounting for a X% share of total imports. It was followed by the United States (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of vegetable products to Ecuador, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average vegetable product import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China stood at $X per ton.

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

Source: IndexBox Platform

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