Price for Food Preparations Not Elsewhere Specified or Included in Ecuador - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Ecuador
- Exports of Food Preparations Not Elsewhere Specified or Included in Ecuador
Price for Food Preparations Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $13,347 per ton in 2022, shrinking by -4.2% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22%. The import price peaked at $13,930 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($22,555 per ton), while the price for Brazil ($3,397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $4,613 per ton in 2022, surging by 1.5% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for food preparations not elsewhere specified or included decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33%. As a result, the export price reached the peak level of $6,589 per ton. From 2015 to 2022, the average export prices remained at a 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 Panama ($12,552 per ton), while the average price for exports to Chile ($2,562 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 Sudan (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Ecuador
In 2022, supplies from abroad of food preparations not elsewhere specified or included decreased by -2.7% to 17K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9.8% against the previous year. As a result, imports reached the peak of 17K tons, and then reduced in the following year.
In value terms, imports of food preparations not elsewhere specified or included declined to $227M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 21%.
| Import of Food Preparations Not Elsewhere Specified or Included in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 58.5 | 57.0 | 70.1 | 64.1 | 3.1% |
| United States | 23.5 | 28.4 | 31.4 | 26.8 | 4.5% |
| Peru | 12.7 | 17.1 | 19.0 | 22.9 | 21.7% |
| Colombia | 10.8 | 25.5 | 27.0 | 22.0 | 26.8% |
| Spain | 11.9 | 12.8 | 18.4 | 18.1 | 15.0% |
| Mexico | 10.0 | 9.3 | 9.4 | 10.8 | 2.6% |
| Brazil | 4.7 | 11.1 | 6.8 | 7.5 | 16.9% |
| Singapore | 7.4 | 11.1 | 8.2 | 7.3 | -0.5% |
| Argentina | 3.6 | 5.7 | 6.3 | 6.5 | 21.8% |
| Netherlands | 5.3 | 7.1 | 7.8 | 5.3 | 0.0% |
| Germany | 6.0 | 5.4 | 5.6 | 5.3 | -4.1% |
| Italy | 2.2 | 2.5 | 3.4 | 3.1 | 12.1% |
| China | 2.3 | 2.7 | 2.1 | 2.5 | 2.8% |
| Others | 20.3 | 20.8 | 27.8 | 24.7 | 6.8% |
| Total | 179 | 217 | 243 | 227 | 8.2% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Ecuador in 2022:
- Chile (2.8K tons)
- Brazil (2.2K tons)
- Peru (2.1K tons)
- United States (1.9K tons)
- Colombia (1.6K tons)
- Mexico (1.3K tons)
- Spain (0.9K tons)
- Netherlands (0.6K tons)
- Singapore (0.5K tons)
- China (0.5K tons)
- Germany (0.5K tons)
- Argentina (0.5K tons)
- Italy (0.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Ecuador
In 2022, approx. 1.6K tons of food preparations not elsewhere specified or included were exported from Ecuador; increasing by 8.5% against the year before. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of food preparations not elsewhere specified or included expanded markedly to $7.3M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. As a result, the exports attained the peak of $8.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 2,270 | 4,839 | 1,131 | 2,557 | 4.0% |
| United States | 649 | 978 | 2,960 | 1,690 | 37.6% |
| Panama | 561 | 1,085 | 980 | 1,360 | 34.3% |
| Colombia | 113 | 350 | 612 | 384 | 50.3% |
| Spain | 85.0 | 0.5 | 0.7 | 271 | 47.2% |
| Honduras | N/A | 0.1 | 0.2 | 194 | 4304.5% |
| Chile | 97.2 | 133 | 66.4 | 82.9 | -5.2% |
| Others | 1,075 | 1,313 | 854 | 734 | -11.9% |
| Total | 4,849 | 8,699 | 6,604 | 7,273 | 14.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Ecuador in 2022:
- Peru (884.7 tons)
- United States (371.8 tons)
- Panama (108.3 tons)
- Colombia (60.2 tons)
- Spain (34.9 tons)
- Honduras (33.3 tons)
- Chile (32.4 tons)
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