Ecuador - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Ecuador - 2022
Contents:
- Extracts of Tea Price in Ecuador (CIF) - 2022
- Extracts of Tea Price in Ecuador (FOB) - 2022
- Extracts of Tea Imports in Ecuador
- Extracts of Tea Exports in Ecuador
Extracts of Tea Price in Ecuador (CIF) - 2022
In January 2022, the average extracts of tea import price amounted to $5,868 per ton, falling by -81.4% against the previous month. Overall, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 237% m-o-m. The import price peaked at $39,852 per ton in September 2021; however, from October 2021 to January 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Brazil ($13,241 per ton), while the price for Argentina ($4,069 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Ecuador (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $7,986 per ton, with a decrease of -16.9% against the previous year. In general, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 127%. As a result, the export price reached the peak level of $19,693 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
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 the United States ($28,000 per ton), while the average price for exports to India amounted to $4,634 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%), while the prices for the other major destinations experienced a decline.
Extracts of Tea Imports in Ecuador
In 2022, supplies from abroad of extracts, essences and concentrates of tea or mate increased by 11% to 419 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt curtailment.
In value terms, extracts of tea imports totaled $2.6M in 2022. Overall, imports, however, recorded a deep downturn.
| Import of Extracts of Tea in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,944 | 1,447 | 1,256 | 1,178 | -15.4% |
| Luxembourg | 597 | 438 | 422 | 452 | -8.9% |
| Panama | 184 | 270 | 265 | 289 | 16.2% |
| Colombia | 318 | 206 | 249 | 272 | -5.1% |
| China | 56.2 | 56.6 | 75.0 | 149 | 38.4% |
| Germany | 14.2 | 13.9 | 18.5 | 18.9 | 10.0% |
| Argentina | 11.1 | 13.5 | 9.5 | 11.1 | 0.0% |
| Chile | 32.4 | 8.6 | 21.9 | 8.8 | -35.2% |
| Others | 191 | 186 | 183 | 191 | 0.0% |
| Total | 3,348 | 2,639 | 2,501 | 2,570 | -8.4% |
Top Suppliers of Extracts of Tea to Ecuador in 2022:
- Panama (102.7 tons)
- China (93.7 tons)
- Colombia (69.5 tons)
- United States (60.1 tons)
- Luxembourg (44.4 tons)
- Argentina (10.1 tons)
- Germany (9.0 tons)
- Chile (3.8 tons)
Extracts of Tea Exports in Ecuador
In 2022, overseas shipments of extracts, essences and concentrates of tea or mate decreased by -21.3% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 128% against the previous year.
In value terms, extracts of tea exports fell significantly to $12K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 224%. As a result, the exports attained the peak of $18K, and then fell rapidly in the following year.
| Export of Extracts of Tea in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.7 | 0.2 | 8.9 | 5.9 | 103.5% |
| United States | N/A | N/A | 1.4 | 0.7 | -50.0% |
| United Kingdom | 2.4 | 5.2 | N/A | N/A | 116.7% |
| Others | 3.0 | 0.1 | 7.6 | 5.1 | 19.3% |
| Total | 6.1 | 5.5 | 17.8 | 11.7 | 24.2% |
Top Export Markets for Extracts of Tea from Ecuador in 2022:
- India (1266.0 kg)
- United States (24.0 kg)
This report provides an in-depth analysis of the extracts of tea 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 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
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
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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
- 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 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
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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
- 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
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