Ecuador - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Ecuador - 2022
Contents:
- Preserved Sardines Price in Ecuador (FOB) - 2022
- Preserved Sardines Price in Ecuador (CIF) - 2022
- Preserved Sardines Exports in Ecuador
- Preserved Sardines Imports in Ecuador
Preserved Sardines Price in Ecuador (FOB) - 2022
The average preserved sardines export price stood at $1,983 per ton in January 2022, with a decrease of -4.2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2021 when the average export price increased by 5.6% m-o-m. The export price peaked at $2,070 per ton in December 2021, and then declined in the following month.
There were significant differences in the average prices for the major export markets. In January 2022, the country with the highest price was Costa Rica ($2,856 per ton), while the average price for exports to Panama ($1,885 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Price in Ecuador (CIF) - 2022
In 2022, the average preserved sardines import price amounted to $3,611 per ton, declining by -1.8% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines import price increased by +77.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. The import price peaked at $3,677 per ton in 2021, and then fell slightly in the following year.
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 Spain ($8,596 per ton), while the price for Peru ($2,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Exports in Ecuador
In 2022, after three years of growth, there was decline in overseas shipments of sardines (prepared or preserved), when their volume decreased by -0.3% to 24K tons. The total export volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 36%.
In value terms, preserved sardines exports totaled $47M in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, the exports reached the peak of $47M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Preserved Sardines in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 9.2 | 15.1 | 18.7 | 15.8 | 19.8% |
| United States | 10.2 | 12.7 | 12.8 | 13.2 | 9.0% |
| Colombia | 6.0 | 9.2 | 6.8 | 7.3 | 6.8% |
| Peru | 1.7 | 1.3 | 1.9 | 2.0 | 5.6% |
| Dominican Republic | 1.6 | 2.4 | 0.9 | 1.8 | 4.0% |
| Guatemala | 0.6 | 0.7 | 0.8 | 1.5 | 35.7% |
| Panama | 0.9 | 1.3 | 0.9 | 1.0 | 3.6% |
| Others | 3.9 | 4.3 | 3.5 | 4.0 | 0.8% |
| Total | 34.1 | 46.9 | 46.3 | 46.6 | 11.0% |
Top Export Markets for Preserved Sardines from Ecuador in 2022:
- Mexico (8.5K tons)
- United States (6.3K tons)
- Colombia (3.8K tons)
- Peru (1.0K tons)
- Dominican Republic (0.9K tons)
- Guatemala (0.7K tons)
- Panama (0.6K tons)
Preserved Sardines Imports in Ecuador
In 2022, imports of sardines (prepared or preserved) into Ecuador contracted notably to 3.7 tons, falling by -35.4% on the previous year's figure. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 242% against the previous year. As a result, imports attained the peak of 5.7 tons, and then dropped rapidly in the following year.
In value terms, preserved sardines imports declined remarkably to $13K in 2022. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 271% against the previous year. As a result, imports attained the peak of $21K, and then fell markedly in the following year.
| Import of Preserved Sardines in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 8.5 | 3.6 | 12.4 | 7.7 | -3.2% |
| United States | 5.3 | 1.6 | 7.2 | 4.8 | -3.2% |
| Spain | 5.7 | 0.4 | 1.3 | 0.7 | -50.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.4 | 5.6 | 20.8 | 13.2 | -12.0% |
Top Suppliers of Preserved Sardines to Ecuador in 2022:
- Peru (3.0 tons)
- United States (0.6 tons)
- Spain (0.1 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
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
- 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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