Cereals; Millet Price in Ecuador - 2022
Contents:
Cereals; Millet Price in Ecuador (CIF) - 2022
The average cereals; millet import price stood at $1,157 per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 1%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +1.0% per year.
Cereals; Millet Imports in Ecuador
For the fourth year in a row, Ecuador recorded growth in purchases abroad of cereals; millets, which increased by 13% to 27 tons in 2022. The total import volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, cereals; millet imports totaled $32K in 2022. The total import value increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Cereals; Millet in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 21.6 | 24.5 | 27.9 | 31.8 | 13.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 21.6 | 24.5 | 27.9 | 31.8 | 13.8% |
Top Suppliers of Cereals; Millet to Ecuador in 2022:
- Canada (27.5 tons)
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