Starch; Manioc (Cassava) Price in Ecuador - 2022
Contents:
- Starch; Manioc (Cassava) Price in Ecuador (CIF) - 2022
- Starch; Manioc (Cassava) Price in Ecuador (FOB) - 2022
- Starch; Manioc (Cassava) Imports in Ecuador
- Starch; Manioc (Cassava) Exports in Ecuador
Starch; Manioc (Cassava) Price in Ecuador (CIF) - 2022
In 2022, the average starch; manioc (cassava) import price amounted to $584 per ton, rising by 2.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. As a result, import price attained the peak level of $635 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Colombia ($670 per ton) and Paraguay ($632 per ton), while the price for Thailand ($512 per ton) and Nicaragua ($549 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Starch; Manioc (Cassava) Price in Ecuador (FOB) - 2022
The average starch; manioc (cassava) export price stood at $621 per ton in 2022, which is down by -30.7% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 213%. Over the period under review, the average export prices hit record highs at $896 per ton in 2021, and then dropped dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +13.1% per year.
Starch; Manioc (Cassava) Imports in Ecuador
In 2022, the amount of starch; manioc (cassava)s imported into Ecuador dropped to 1.6K tons, falling by -5.9% on 2021. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
In value terms, starch; manioc (cassava) imports shrank to $922K in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 8.2% against the previous year.
| Import of Starch; Manioc (Cassava) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 558 | 505 | 486 | 514 | -2.7% |
| Thailand | 254 | 70.2 | 219 | 231 | -3.1% |
| Nicaragua | 263 | 189 | 126 | 154 | -16.3% |
| Colombia | 32.3 | 39.5 | 17.1 | 23.4 | -10.2% |
| Brazil | N/A | 81.9 | 111 | N/A | 35.5% |
| Others | 22.4 | N/A | N/A | N/A | 0% |
| Total | 1,129 | 886 | 958 | 922 | -6.5% |
Top Suppliers of Starch; Manioc (Cassava) to Ecuador in 2022:
- Paraguay (813.7 tons)
- Thailand (451.7 tons)
- Nicaragua (279.8 tons)
- Colombia (34.9 tons)
Starch; Manioc (Cassava) Exports in Ecuador
In 2022, overseas shipments of starch; manioc (cassava)s were finally on the rise to reach 18 tons after two years of decline. Over the period under review, exports, however, saw a significant decline.
In value terms, starch; manioc (cassava) exports fell dramatically to $11K in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year.
| Export of Starch; Manioc (Cassava) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 3.0 | 7.7 | 5.0 | 11.3 | 55.6% |
| Peru | N/A | N/A | 8.4 | N/A | 0% |
| United States | 34.1 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.6 | 0.9 | N/A | 6.1% |
| Total | 37.9 | 8.3 | 14.3 | 11.3 | -33.2% |
Top Export Markets for Starch; Manioc (Cassava) from Ecuador in 2022:
- Colombia (18.2 tons)
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