Price for Vegetable Saps and Extracts; Opium in Ecuador - 2022

Price for Vegetable Saps and Extracts; Opium in Ecuador (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $25,200 per ton in 2022, waning by -26.5% against the previous year. In general, the import price, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 189%. The import price peaked at $37,808 per ton in 2020; however, from 2021 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +15.8% per year.

Imports of Vegetable Saps and Extracts; Opium in Ecuador

In 2022, supplies from abroad of vegetable saps and extracts; opia decreased by -42.3% to 105 kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a mild contraction. The pace of growth was the most pronounced in 2020 when imports increased by 134%. As a result, imports reached the peak of 260 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable saps and extracts; opium imports contracted dramatically to $2.6K in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 201%. As a result, imports attained the peak of $9.8K. From 2021 to 2022, the growth of imports failed to regain momentum.