Price for Protein; Concentrates and Textured Protein Substances in Ecuador - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Ecuador (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Ecuador (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Ecuador
- Exports of Protein; Concentrates and Textured Protein Substances in Ecuador
Price for Protein; Concentrates and Textured Protein Substances in Ecuador (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $3,389 per ton, jumping by 28% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 60%. As a result, import price reached the peak level of $4,002 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($14,599 per ton), while the price for Argentina ($1,883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Ecuador (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $13,160 per ton, increasing by 18% against the previous year. Overall, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 284% against the previous year. The export price peaked at $14,210 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($13,550 per ton), while the average price for exports to the United States stood at $13,094 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+33.7%).
Imports of Protein; Concentrates and Textured Protein Substances in Ecuador
In 2022, approx. 1.9K tons of protein; concentrates and textured protein substanceses were imported into Ecuador; surging by 9.4% against 2021 figures. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports attained the peak of 1.9K tons; afterwards, it flattened through to 2022.
In value terms, imports of protein; concentrates and textured protein substanceses soared to $6.4M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.8 | 2.1 | 3.1 | 3.9 | 29.4% |
| United States | 1.5 | 2.2 | 0.9 | 1.2 | -7.2% |
| China | 0.7 | 0.8 | 0.3 | 0.9 | 8.7% |
| Argentina | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Colombia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 4.4 | 5.3 | 4.6 | 6.4 | 13.3% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Ecuador in 2022:
- Brazil (1365.3 tons)
- China (256.7 tons)
- Argentina (147.9 tons)
- United States (85.5 tons)
- Colombia (39.9 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Ecuador
In 2022, exports of protein; concentrates and textured protein substanceses from Ecuador soared to 8.1 tons, with an increase of 655% on the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $106K in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.1 | 2.9 | 6.8 | 87.3 | 79.5% |
| Panama | N/A | N/A | 4.5 | 18.9 | 320.0% |
| Peru | N/A | 2.9 | N/A | N/A | 0% |
| Others | 0.4 | N/A | 0.6 | 0.1 | -37.0% |
| Total | 15.5 | 5.9 | 11.9 | 106 | 89.8% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Ecuador in 2022:
- United States (6.7 tons)
- Panama (1.4 tons)
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