Price for Pectic Substances; Pectinates and Pectates in Ecuador - 2022
Contents:
- Price for Pectic Substances; Pectinates and Pectates in Ecuador (CIF) - 2022
- Imports of Pectic Substances; Pectinates and Pectates in Ecuador
Price for Pectic Substances; Pectinates and Pectates in Ecuador (CIF) - 2022
In January 2022, the average import price for pectic substances; pectinates and pectateses amounted to $18,061 per ton, picking up by 40% against the previous month. In general, the import price continues to indicate a modest increase. The growth pace was the most rapid in October 2021 when the average import price increased by 115% m-o-m. As a result, import price attained the peak level of $40,426 per ton. From November 2021 to January 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Mexico ($22,891 per ton), while the price for Spain totaled $12,541 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.
Imports of Pectic Substances; Pectinates and Pectates in Ecuador
After three years of growth, purchases abroad of pectic substances; pectinates and pectateses decreased by -2.6% to 38 tons in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year.
In value terms, pectic substances; pectinates and pectates imports reduced to $446K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year.
| Import of Pectic Substances; Pectinates and Pectates in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 108 | 115 | 167 | 206 | 24.0% |
| Spain | 17.7 | 42.6 | 64.5 | 36.0 | 26.7% |
| China | 1.2 | 3.9 | 9.1 | 35.3 | 208.7% |
| Belgium | 14.7 | 25.8 | 24.0 | 31.0 | 28.2% |
| Colombia | 14.0 | 22.4 | 19.0 | 22.5 | 17.1% |
| United States | 7.2 | 14.3 | 15.1 | 22.1 | 45.3% |
| Brazil | 40.9 | 72.9 | 111 | 17.6 | -24.5% |
| France | 12.2 | 18.2 | 14.3 | 15.6 | 8.5% |
| Costa Rica | N/A | 4.1 | N/A | N/A | 0% |
| Others | 23.2 | 80.2 | 67.9 | 60.0 | 37.3% |
| Total | 239 | 400 | 492 | 446 | 23.1% |
Top Suppliers of Pectic Substances; Pectinates and Pectates to Ecuador in 2022:
- Mexico (15.2 tons)
- China (4.6 tons)
- Spain (4.2 tons)
- Brazil (3.1 tons)
- United States (1.9 tons)
- Colombia (1.4 tons)
- Belgium (1.2 tons)
- France (0.9 tons)
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