Report Update: Apr 1, 2024

Ecuador - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Breakfast Cereal Price in Ecuador - 2022

Breakfast Cereal Price in Ecuador (CIF) - 2022

The average breakfast cereal import price stood at $2,291 per ton in 2022, picking up by 2.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $2,939 per ton in 2014; however, from 2015 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 ($4,459 per ton), while the price for Colombia ($1,826 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Breakfast Cereal Price in Ecuador (FOB) - 2022

In January 2022, the average breakfast cereal export price amounted to $5,258 per ton, declining by -9.5% against the previous month. Overall, the export price showed a slight descent. The pace of growth appeared the most rapid in December 2021 an increase of 20% m-o-m. Over the period under review, the average export prices attained the maximum at $6,454 per ton in January 2021; however, from February 2021 to January 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In January 2022, the country with the highest price was the United States ($5,299 per ton), while the average price for exports to Panama stood at $4,951 per ton.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Breakfast Cereal Imports in Ecuador

In 2022, overseas purchases of breakfast cereals decreased by -51.1% to 2.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 5.3%. As a result, imports reached the peak of 4.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, breakfast cereal imports declined notably to $4.7M in 2022. In general, imports showed a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 0.9%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Breakfast Cereal in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	3.5	3.7	4.1	1.9	-18.4%
Colombia	2.3	2.8	2.3	1.1	-21.8%
Peru	2.6	1.5	1.0	0.8	-32.5%
United States	1.0	0.9	0.8	0.4	-26.3%
Mexico	0.3	0.6	0.6	0.3	0.0%
Others	0.3	0.5	0.5	0.2	-12.6%
Total	9.9	10.0	9.4	4.7	-22.0%

Top Suppliers of Breakfast Cereal to Ecuador in 2022:

Chile (763.2 tons)
Colombia (626.9 tons)
Peru (429.5 tons)
Mexico (107.6 tons)
United States (92.2 tons)

Breakfast Cereal Exports in Ecuador

After three years of growth, shipments abroad of breakfast cereals decreased by -19.5% to 334 tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 91% against the previous year. As a result, the exports reached the peak of 415 tons, and then reduced remarkably in the following year.

In value terms, breakfast cereal exports fell to $2M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 122%. As a result, the exports attained the peak of $2.2M, and then dropped in the following year.

Export of Breakfast Cereal in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	342	598	1,746	1,536	65.0%
Panama	17.0	48.4	139	122	92.9%
Chile	25.2	79.4	93.5	82.3	48.4%
Canada	65.0	19.6	62.2	54.7	-5.6%
Mexico	95.2	46.7	60.6	53.3	-17.6%
Peru	113	21.4	7.6	33.6	-33.3%
Colombia	42.0	49.2	28.6	30.2	-10.4%
Costa Rica	51.6	9.6	N/A	14.3	-34.8%
Spain	3.5	21.0	11.2	9.9	41.4%
Others	34.8	86.3	22.8	15.6	-23.5%
Total	789	980	2,171	1,953	35.3%

Top Export Markets for Breakfast Cereal from Ecuador in 2022:

United States (263.6 tons)
Panama (20.1 tons)
Canada (13.7 tons)
Peru (7.9 tons)
Mexico (7.0 tons)
Chile (6.8 tons)
Spain (5.2 tons)
Colombia (4.2 tons)
Costa Rica (4.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the breakfast cereal 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 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023