Ecuador - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCereal Price in Ecuador - 2022
Contents:
- Cereal Price in Ecuador (CIF) - 2022
- Cereal Price in Ecuador (FOB) - 2022
- Cereal Imports in Ecuador
- Cereal Exports in Ecuador
Cereal Price in Ecuador (CIF) - 2022
The average cereal import price stood at $467 per ton in 2022, with an increase of 32% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by +68.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($490 per ton) and the United States ($464 per ton), while the price for Argentina ($377 per ton) and Brazil ($378 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereal Price in Ecuador (FOB) - 2022
The average cereal export price stood at $1,968 per ton in 2022, picking up by 106% against the previous year. Overall, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($3,539 per ton), while the average price for exports to Costa Rica ($486 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cereal Imports in Ecuador
In 2022, purchases abroad of cereals decreased by -0.4% to 1.6M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 1.6M tons, leveling off in the following year.
In value terms, cereal imports soared to $761M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 166 | 165 | 284 | 334 | 26.2% |
| Argentina | 26.7 | 42.1 | 58.2 | 174 | 86.8% |
| United States | 98.6 | 104 | 133 | 142 | 12.9% |
| Brazil | 20.8 | 24.7 | 34.7 | 37.4 | 21.6% |
| Australia | N/A | N/A | 8.6 | 13.5 | 57.0% |
| Russia | 21.9 | 18.3 | 18.6 | 11.8 | -18.6% |
| Ukraine | 6.7 | 6.6 | 8.1 | N/A | 10.0% |
| Others | 19.1 | 22.4 | 32.0 | 48.5 | 36.4% |
| Total | 360 | 383 | 578 | 761 | 28.3% |
Top Suppliers of Cereal to Ecuador in 2022:
- Canada (681.8K tons)
- Argentina (462.1K tons)
- United States (305.7K tons)
- Brazil (98.8K tons)
- Australia (34.9K tons)
- Russia (30.3K tons)
Cereal Exports in Ecuador
In 2022, the amount of cereals exported from Ecuador plummeted to 3.7K tons, which is down by -64.1% compared with the year before. Over the period under review, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
In value terms, cereal exports fell rapidly to $7.3M in 2022. Overall, exports recorded a dramatic shrinkage. The smallest decline of -21.1% was in 2020.
| Export of Cereal in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 1,869 | 2,788 | 2,049 | 2,737 | 13.6% |
| United States | 2,310 | 2,286 | 791 | 1,868 | -6.8% |
| Canada | 1,842 | 1,602 | 1,515 | 1,400 | -8.7% |
| Guatemala | N/A | 7.3 | 955 | 362 | 604.2% |
| Netherlands | 1,235 | 742 | 186 | 312 | -36.8% |
| France | 416 | 453 | 393 | 200 | -21.7% |
| Costa Rica | N/A | N/A | 436 | 79.4 | -81.8% |
| Italy | 1,946 | 1,564 | 41.1 | 54.0 | -69.7% |
| Spain | 236 | 225 | 19.8 | 48.8 | -40.9% |
| Colombia | 1,488 | 12.6 | 1,501 | 14.0 | -78.9% |
| Others | 4,642 | 2,928 | 1,948 | 179 | -66.2% |
| Total | 15,983 | 12,609 | 9,835 | 7,256 | -23.1% |
Top Export Markets for Cereal from Ecuador in 2022:
- Israel (1242.0 tons)
- United States (830.5 tons)
- Canada (560.0 tons)
- Guatemala (556.7 tons)
- Costa Rica (163.3 tons)
- Netherlands (160.0 tons)
- France (60.0 tons)
- Italy (54.0 tons)
- Spain (17.8 tons)
- Colombia (4.0 tons)
This report provides an in-depth analysis of the 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:
- FCL 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
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.
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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
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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
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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
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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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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, HARVESTED AREA AND YIELD
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
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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
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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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
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This report provides an in-depth analysis of the cereal market in Ecuador.
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This report provides an in-depth analysis of the wheat market in Ecuador.
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This report provides an in-depth analysis of the grain market in Ecuador.
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This report provides an in-depth analysis of the grain market in Ecuador.
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This report provides an in-depth analysis of the global cereal market.
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This report provides an in-depth analysis of the global wheat market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the global durum wheat market.
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In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
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The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
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This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
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Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
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Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
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The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
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