Price for Cereal Grains; Rolled or Flaked, of Oats in Ecuador - 2022
Contents:
- Price for Cereal Grains; Rolled or Flaked, of Oats in Ecuador (CIF) - 2022
- Price for Cereal Grains; Rolled or Flaked, of Oats in Ecuador (FOB) - 2022
- Imports of Cereal Grains; Rolled or Flaked, of Oats in Ecuador
- Exports of Cereal Grains; Rolled or Flaked, of Oats in Ecuador
Price for Cereal Grains; Rolled or Flaked, of Oats in Ecuador (CIF) - 2022
In 2022, the average import price for cereal grains; rolled or flaked, of oatses amounted to $715 per ton, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $752 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Chile.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +0.6% per year.
Price for Cereal Grains; Rolled or Flaked, of Oats in Ecuador (FOB) - 2022
In 2022, the average export price for cereal grains; rolled or flaked, of oatses amounted to $2,432 per ton, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,551 per ton), while the average price for exports to Colombia ($313 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 Spain (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Grains; Rolled or Flaked, of Oats in Ecuador
In 2022, purchases abroad of cereal grains; rolled or flaked, of oatses decreased by -14.8% to 19K tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of 22K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal grains; rolled or flaked, of oatses dropped to $14M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 46%.
| Import of Cereal Grains; Rolled or Flaked, of Oats in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 10.4 | 14.8 | 14.9 | 13.3 | 8.5% |
| Others | 0.2 | 0.5 | 0.8 | 0.3 | 14.5% |
| Total | 10.6 | 15.4 | 15.8 | 13.6 | 8.7% |
Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Ecuador in 2022:
- Chile (18.8K tons)
Exports of Cereal Grains; Rolled or Flaked, of Oats in Ecuador
In 2022, exports of cereal grains; rolled or flaked, of oatses from Ecuador expanded to 192 tons, growing by 1.8% against 2021. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 4.8% against the previous year.
In value terms, exports of cereal grains; rolled or flaked, of oatses soared to $466K in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Grains; Rolled or Flaked, of Oats in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 353 | 368 | 345 | 382 | 2.7% |
| United States | 6.7 | 26.9 | 48.7 | 71.1 | 119.8% |
| Colombia | 28.8 | 4.0 | 7.3 | 13.1 | -23.1% |
| Others | N/A | 1.6 | 0.8 | N/A | -50.0% |
| Total | 388 | 401 | 402 | 466 | 6.3% |
Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Ecuador in 2022:
- Spain (129.8 tons)
- Colombia (41.9 tons)
- United States (20.0 tons)
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