Price for Flour and Meal; of Potatoes in Ecuador - 2021

Price for Flour and Meal; of Potatoes in Ecuador (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $1,914 per ton, rising by 23% against the previous year. Overall, the export price, however, recorded a pronounced setback. The export price peaked at $3,234 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,067 per ton), while the average price for exports to the United States stood at $1,881 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%).

Price for Flour and Meal; of Potatoes in Ecuador (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $1,077 per ton in 2022, picking up by 2% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 an increase of 28%. As a result, import price attained the peak level of $2,964 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.4% per year.

Exports of Flour and Meal; of Potatoes in Ecuador

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -0.2% to 2.6 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 579%.

In value terms, flour and meal; of potatoes exports skyrocketed to $4.9K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 622% against the previous year. As a result, the exports reached the peak of $5.8K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Flour and Meal; of Potatoes in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.6	5.6	3.9	4.7	98.6%
Others	0.2	0.2	0.1	0.1	-20.6%
Total	0.8	5.8	4.0	4.9	83.0%

Top Export Markets for Flour and Meal; of Potatoes from Ecuador in 2022:

United States (2.5 tons)

Imports of Flour and Meal; of Potatoes in Ecuador

In 2022, after three years of growth, there was significant decline in purchases abroad of flour and meal; of potatoeses, when their volume decreased by -24.2% to 21 tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 765% against the previous year.

In value terms, flour and meal; of potatoes imports dropped sharply to $23K in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 478%.