Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $3,786 per ton in 2022, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure at $5,596 per ton in 2012; however, from 2013 to 2022, import prices stood 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 ($9,618 per ton), while the price for Turkey ($3,027 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $5,515 per ton, declining by -23.4% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 84%. The export price peaked at $9,605 per ton in 2016; however, from 2017 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 ($5,559 per ton), while the average price for exports to the United States stood at $5,048 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+34.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -5.6% to 61 tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 65%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading rose sharply to $232K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% 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 +80.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 53.3 | 90.3 | 115 | 128 | 33.9% |
Spain | 30.6 | 32.6 | 37.0 | 30.1 | -0.5% |
United States | 14.2 | 23.3 | 24.5 | 26.4 | 23.0% |
Poland | 9.4 | 13.3 | 20.5 | 14.3 | 15.0% |
Egypt | N/A | N/A | N/A | 11.5 | 0% |
India | 7.2 | 1.1 | 1.1 | 6.1 | -5.4% |
Germany | 3.9 | 6.5 | 12.1 | 5.8 | 14.1% |
Others | 10.0 | N/A | 8.7 | 10.1 | 0.3% |
Total | 129 | 167 | 219 | 232 | 21.6% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Ecuador in 2022:
- Turkey (42.2 tons)
- Spain (8.0 tons)
- Egypt (2.8 tons)
- United States (2.7 tons)
- Poland (2.5 tons)
- India (1.1 tons)
- Germany (1.0 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador
For the fourth year in a row, Ecuador recorded growth in shipments abroad of spices; mixtures of 2 or more products of the same heading, which increased by 204% to 34 tons in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading soared to $187K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 455%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading attained the peak figure in 2022 and are likely to see steady growth in the near future.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | N/A | N/A | 75.9 | 172 | 126.6% |
United States | 7.7 | 44.1 | 4.4 | 14.8 | 24.3% |
Others | 0.3 | N/A | N/A | N/A | 0% |
Total | 8.0 | 44.1 | 80.3 | 187 | 185.9% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Ecuador in 2022:
- Panama (31.0 tons)
- United States (2.9 tons)
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