Ecuador - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefined Palm Oil Price in Ecuador - 2022
Contents:
- Refined Palm Oil Price in Ecuador (FOB) - 2022
- Refined Palm Oil Price in Ecuador (CIF) - 2022
- Refined Palm Oil Exports in Ecuador
- Refined Palm Oil Imports in Ecuador
Refined Palm Oil Price in Ecuador (FOB) - 2022
In January 2022, the average refined palm oil export price amounted to $1,386 per ton, reducing by -5.7% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in May 2021 an increase of 14% against the previous month. The export price peaked at $1,469 per ton in December 2021, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,887 per ton), while the average price for exports to Mexico ($1,201 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Palm Oil Price in Ecuador (CIF) - 2022
In 2022, the average refined palm oil import price amounted to $1,315 per ton, shrinking by -1.8% against the previous year. In general, the import price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2014 an increase of 197%. As a result, import price reached the peak level of $3,108 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +6.9% per year.
Refined Palm Oil Exports in Ecuador
In 2022, overseas shipments of refined palm oil were finally on the rise to reach 62K tons after two years of decline. In general, exports, however, continue to indicate a deep slump.
In value terms, refined palm oil exports shrank to $66M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports attained the peak of $71M, and then dropped in the following year.
Export of Refined Palm Oil in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 47.7 | 43.7 | 55.8 | 51.6 | 2.7% |
United States | 4.1 | 9.0 | 6.8 | 6.3 | 15.4% |
Portugal | 0.8 | 1.4 | 1.6 | 1.5 | 23.3% |
Cuba | 2.0 | 1.3 | 0.9 | 1.3 | -13.4% |
Spain | 1.0 | 1.0 | 1.2 | 1.1 | 3.2% |
Others | 2.5 | 4.2 | 5.1 | 4.2 | 18.9% |
Total | 58.1 | 60.8 | 71.3 | 66.0 | 4.3% |
Top Export Markets for Refined Palm Oil from Ecuador in 2022:
- Colombia (51.6K tons)
- United States (4.5K tons)
- Portugal (1.4K tons)
- Cuba (1.0K tons)
- Spain (1.0K tons)
Refined Palm Oil Imports in Ecuador
After three years of growth, supplies from abroad of refined palm oil decreased by -21.1% to 11K tons in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 243% against the previous year.
In value terms, refined palm oil imports dropped markedly to $15M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 449%.
Import of Refined Palm Oil in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 0.2 | 3.3 | 0.3 | 13.8 | 310.2% |
Peru | N/A | 6.8 | N/A | N/A | 0% |
Indonesia | N/A | N/A | 18.6 | N/A | 0% |
Colombia | 1.6 | N/A | N/A | N/A | 0% |
Others | 0.2 | 0.3 | N/A | 0.8 | 58.7% |
Total | 1.9 | 10.4 | 18.9 | 14.7 | 97.8% |
Top Suppliers of Refined Palm Oil to Ecuador in 2022:
- Mexico (11.0K tons)
This report provides an in-depth analysis of the refined palm oil market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined palm oil market in Ecuador.
This report provides an in-depth analysis of the palm oil market in Ecuador.
This report provides an in-depth analysis of the crude palm oil market in Ecuador.
This report provides an in-depth analysis of the transmission shaft market in Ecuador.
This report provides an in-depth analysis of the linseed oil market in Ecuador.
This report provides an in-depth analysis of the surgical glove market in Ecuador.
This report provides an in-depth analysis of the market for caustic soda in the solid form in Ecuador.
This report provides an in-depth analysis of the market for reaction initiators and accelerators in Ecuador.
This report provides an in-depth analysis of the hard plastic comb market in Ecuador.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Ecuador.
Discover the top import markets for refined palm oil in 2023, including key statistics and major players in the global market.
Learn about the top five import markets for palm oil and their respective import values in 2022. India ranks as the largest importer, followed by China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to various factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry. Get comprehensive insights into the global palm oil market with IndexBox's recent market report.
While Indonesia, planning to expand production, fights for the EU's recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic.
In 2015, the countries with the highest levels of palm fruit oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global palm oil imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.