Price for Cereal Flours; Other than of Wheat or Meslin in Ecuador - 2022

Contents:

  1. Price for Cereal Flours; Other than of Wheat or Meslin in Ecuador (CIF) - 2022
  2. Price for Cereal Flours; Other than of Wheat or Meslin in Ecuador (FOB) - 2022
  3. Imports of Cereal Flours; Other than of Wheat or Meslin in Ecuador
  4. Exports of Cereal Flours; Other than of Wheat or Meslin in Ecuador

Price for Cereal Flours; Other than of Wheat or Meslin in Ecuador (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $835 per ton in 2022, increasing by 6.3% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $1,117 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -2.9% per year.

Price for Cereal Flours; Other than of Wheat or Meslin in Ecuador (FOB) - 2022

In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $2,402 per ton, increasing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $2,474 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,310 per ton), while the average price for exports to Colombia ($496 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 (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Flours; Other than of Wheat or Meslin in Ecuador

Imports of cereal flours; other than of wheat or meslin into Ecuador was estimated at 9.7K tons in 2022, surging by 7.5% on the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal flours; other than of wheat or meslin rose rapidly to $8.1M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 92%. As a result, imports attained the peak of $9.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cereal Flours; Other than of Wheat or Meslin in Ecuador (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia4.99.46.97.917.3%
OthersN/A0.10.20.241.4%
Total4.99.47.18.118.2%

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Ecuador in 2022:

  1. Colombia (9.6K tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Ecuador

In 2022, exports of cereal flours; other than of wheat or meslin from Ecuador surged to 319 tons, with an increase of 283% on the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal flours; other than of wheat or meslin soared to $767K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cereal Flours; Other than of Wheat or Meslin in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States12319418167876.6%
Chile17.70.14.936.727.5%
Mexico25.2N/AN/A21.1-5.7%
France32.814.80.518.8-16.9%
ColombiaN/A31.4N/A7.0-52.8%
Others1.30.30.75.359.8%
Total20024118776756.5%

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Ecuador in 2022:

  1. United States (278.6 tons)
  2. Chile (15.4 tons)
  3. Colombia (14.1 tons)
  4. France (5.7 tons)
  5. Mexico (3.5 tons)

Source: IndexBox Market Intelligence Platform

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