Non-Liquid Margarine Price in Ecuador - 2022
Contents:
- Non-Liquid Margarine Price in Ecuador (CIF) - 2022
- Non-Liquid Margarine Price in Ecuador (FOB) - 2022
- Non-Liquid Margarine Imports in Ecuador
- Non-Liquid Margarine Exports in Ecuador
Non-Liquid Margarine Price in Ecuador (CIF) - 2022
In January 2022, the average non-liquid margarine import price amounted to $1,932 per ton, stabilizing at the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in April 2021 when the average import price increased by 10% month-to-month. Over the period under review, average import prices reached the maximum at $1,963 per ton in October 2021; however, from November 2021 to January 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Colombia.
From January 2021 to January 2022, the rate of growth in terms of prices for Colombia amounted to +2.1% per month.
Non-Liquid Margarine Price in Ecuador (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,504 per ton, shrinking by -16.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32%. As a result, the export price reached the peak level of $1,795 per ton, and then dropped dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($10,146 per ton), while the average price for exports to Venezuela ($937 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 Jamaica (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Ecuador
In 2022, overseas purchases of non-liquid margarine decreased by -8% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year.
In value terms, non-liquid margarine imports fell to $3.9M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 98%.
| Import of Non-Liquid Margarine in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1.8 | 3.6 | 3.7 | 3.9 | 29.4% |
| Netherlands | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.8 | 3.6 | 4.2 | 3.9 | 29.4% |
Top Suppliers of Non-Liquid Margarine to Ecuador in 2022:
- Colombia (2.4K tons)
Non-Liquid Margarine Exports in Ecuador
Non-liquid margarine exports from Ecuador soared to 1.1K tons in 2022, picking up by 53% compared with 2021. In general, exports enjoyed pronounced growth.
In value terms, non-liquid margarine exports surged to $1.6M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of $2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Non-Liquid Margarine in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 489 | 835 | 283 | 583 | 6.0% |
| Jamaica | 269 | 313 | 320 | 429 | 16.8% |
| Canada | 26.6 | 105 | 65.1 | 171 | 85.9% |
| United States | 275 | 444 | 451 | 160 | -16.5% |
| Peru | 154 | 199 | 80.0 | 157 | 0.6% |
| Venezuela | 69.4 | 37.0 | 26.2 | 48.4 | -11.3% |
| Curacao | 20.4 | 25.6 | 36.2 | 42.8 | 28.0% |
| Others | 9.7 | 26.7 | 5.0 | 35.1 | 53.5% |
| Total | 1,312 | 1,985 | 1,267 | 1,626 | 7.4% |
Top Export Markets for Non-Liquid Margarine from Ecuador in 2022:
- Colombia (561.6 tons)
- Peru (143.2 tons)
- Canada (132.0 tons)
- United States (89.3 tons)
- Venezuela (51.7 tons)
- Jamaica (42.2 tons)
- Curacao (34.4 tons)
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