Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador - 2022
Contents:
- Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (FOB) - 2022
- Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (CIF) - 2022
- Exports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador
- Imports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador
Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (FOB) - 2022
The average export price for fish stood at $19,835 per ton in 2022, surging by 11% against the previous year. In general, the export price showed resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
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 ($41,076 per ton), while the average price for exports to South Korea ($267 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 Russia (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (CIF) - 2022
In 2022, the average import price for fish amounted to $3,598 per ton, remaining stable against the previous year. In general, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in 2019 a decrease of -1.2%. The import price peaked at $4,049 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 -4.5% per year.
Exports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador
For the third consecutive year, Ecuador recorded decline in overseas shipments of fish, which decreased by -1.4% to 9.6K tons in 2022. Overall, exports recorded a slight decrease.
In value terms, exports of fish rose sharply to $190M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 9.2% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 109 | 118 | 127 | 137 | 7.9% |
| Canada | 22.4 | 26.6 | 31.6 | 37.5 | 18.7% |
| Lithuania | 3.3 | 4.0 | 4.7 | 5.6 | 19.3% |
| Colombia | 2.4 | 2.4 | 2.4 | 2.4 | 0.0% |
| Chile | 2.1 | 2.1 | 2.1 | 2.0 | -1.6% |
| Spain | 1.6 | 1.5 | 1.4 | 1.3 | -6.7% |
| South Korea | 0.9 | 0.8 | 0.7 | 0.6 | -12.6% |
| Others | 4.0 | 3.8 | 3.6 | 3.4 | -5.3% |
| Total | 146 | 159 | 174 | 190 | 9.2% |
Top Export Markets for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) from Ecuador in 2022:
- United States (3.3K tons)
- South Korea (2.3K tons)
- Canada (1.0K tons)
- Colombia (0.8K tons)
- Lithuania (0.7K tons)
- Chile (0.5K tons)
- Spain (0.4K tons)
Imports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador
In 2022, approx. 2.1K tons of fish were imported into Ecuador; with an increase of 3.5% compared with 2021. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 3.5%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of fish rose modestly to $7.4M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 6.9 | 7.1 | 7.2 | 7.4 | 2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 7.1 | 7.2 | 7.4 | 2.4% |
Top Suppliers of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) to Ecuador in 2022:
- Chile (2.1K tons)
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