Ecuador - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Ecuador - 2022
Contents:
- Frozen Fish Price in Ecuador (FOB) - 2022
- Frozen Fish Price in Ecuador (CIF) - 2022
- Frozen Fish Exports in Ecuador
- Frozen Fish Imports in Ecuador
Frozen Fish Price in Ecuador (FOB) - 2022
In 2022, the average frozen fish export price amounted to $3,034 per ton, rising by 32% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $3,263 per ton in 2015; however, from 2016 to 2022, the 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 ($7,416 per ton), while the average price for exports to Peru ($878 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 Portugal (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Price in Ecuador (CIF) - 2022
In 2022, the average frozen fish import price amounted to $1,889 per ton, growing by 4.1% against the previous year. Overall, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $2,102 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Solomon Islands ($2,574 per ton), while the price for Panama ($1,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Exports in Ecuador
In 2022, approx. 107K tons of frozen fish were exported from Ecuador; growing by 34% against 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish exports skyrocketed to $323M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.6 | 44.7 | 37.8 | 131 | 42.2% |
| Portugal | 9.9 | 14.8 | 18.3 | 46.5 | 67.5% |
| Spain | 32.8 | 20.3 | 15.3 | 33.6 | 0.8% |
| Cote d'Ivoire | 2.1 | 3.6 | 22.1 | 27.1 | 134.6% |
| China | 35.1 | 28.0 | 10.0 | 13.0 | -28.2% |
| Russia | 13.6 | 15.0 | 16.6 | 11.7 | -4.9% |
| Colombia | 3.2 | 4.0 | 2.7 | 5.2 | 17.6% |
| Brazil | 9.9 | 4.4 | 4.3 | 4.4 | -23.7% |
| Costa Rica | 2.9 | 3.8 | 2.6 | 4.2 | 13.1% |
| Peru | 4.0 | 4.8 | 3.6 | 4.1 | 0.8% |
| Ghana | 0.2 | 0.8 | 7.6 | 3.5 | 159.6% |
| Benin | N/A | 0.1 | 0.5 | 2.1 | 358.3% |
| Ukraine | 3.9 | 3.0 | 4.3 | 1.1 | -34.4% |
| Others | 50.1 | 48.4 | 37.1 | 35.8 | -10.6% |
| Total | 213 | 196 | 183 | 323 | 14.9% |
Top Export Markets for Frozen Fish from Ecuador in 2022:
- Cote d'Ivoire (27.7K tons)
- United States (17.7K tons)
- Spain (8.4K tons)
- Portugal (7.3K tons)
- China (7.3K tons)
- Russia (7.1K tons)
- Peru (4.6K tons)
- Ghana (3.9K tons)
- Costa Rica (3.1K tons)
- Colombia (2.6K tons)
- Benin (2.1K tons)
- Brazil (1.9K tons)
- Ukraine (0.9K tons)
Frozen Fish Imports in Ecuador
In 2022, approx. 69K tons of frozen fish were imported into Ecuador; shrinking by -22.6% on 2021. Overall, imports saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 35%.
In value terms, frozen fish imports fell notably to $131M in 2022. In general, imports saw a precipitous slump. The growth pace was the most rapid in 2021 when imports increased by 46%.
| Import of Frozen Fish in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 8.3 | 7.5 | 12.5 | 39.7 | 68.5% |
| Panama | 12.5 | 5.2 | 6.5 | 14.5 | 5.1% |
| Spain | 22.6 | 2.7 | 2.0 | 10.2 | -23.3% |
| United States | 4.5 | 2.4 | 5.3 | 9.7 | 29.2% |
| Nicaragua | 2.8 | 0.9 | 0.3 | 4.6 | 18.0% |
| Micronesia | N/A | N/A | N/A | 3.8 | 0% |
| Taiwan (Chinese) | 3.0 | 3.8 | 5.0 | 3.5 | 5.3% |
| Solomon Islands | N/A | 0.1 | 0.8 | 3.5 | 491.6% |
| Colombia | 0.6 | 0.8 | 0.2 | 3.0 | 71.0% |
| Kiribati | 1.0 | 3.6 | 2.5 | 2.8 | 40.9% |
| Curacao | 0.1 | 0.7 | 0.1 | 2.4 | 188.4% |
| France | 3.4 | 0.1 | 1.0 | 2.4 | -11.0% |
| Seychelles | 8.8 | 1.2 | 5.0 | 2.1 | -38.0% |
| Others | 201 | 82.1 | 121 | 29.1 | -47.5% |
| Total | 268 | 111 | 163 | 131 | -21.2% |
Top Suppliers of Frozen Fish to Ecuador in 2022:
- Venezuela (19.3K tons)
- Panama (9.6K tons)
- United States (6.2K tons)
- Spain (6.2K tons)
- Nicaragua (2.4K tons)
- Micronesia (2.2K tons)
- Colombia (1.7K tons)
- Curacao (1.5K tons)
- Taiwan (Chinese) (1.4K tons)
- France (1.4K tons)
- Kiribati (1.4K tons)
- Solomon Islands (1.3K tons)
- Seychelles (1.1K tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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
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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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