Ecuador - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Corn Flakes and Cereal Products in Ecuador - 2022
Contents:
- Price for Corn Flakes and Cereal Products in Ecuador (CIF) - 2022
- Price for Corn Flakes and Cereal Products in Ecuador (FOB) - 2022
- Imports of Corn Flakes and Cereal Products in Ecuador
- Exports of Corn Flakes and Cereal Products in Ecuador
Price for Corn Flakes and Cereal Products in Ecuador (CIF) - 2022
In January 2022, the average import price for cereal grain products (including corn flakes) amounted to $1,216 per ton, dropping by -4.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in December 2021 when the average import price increased by 28% against the previous month. As a result, import price attained the peak level of $1,268 per ton, and then dropped slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Colombia ($1,960 per ton), while the price for Chile ($1,070 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 Colombia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Corn Flakes and Cereal Products in Ecuador (FOB) - 2022
The average export price for cereal grain products (including corn flakes) stood at $3,942 per ton in January 2022, approximately equating the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2021 an increase of 40% m-o-m. The export price peaked at $5,094 per ton in February 2021; however, from March 2021 to January 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2022, the country with the highest price was Panama ($4,951 per ton), while the average price for exports to Spain ($2,321 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 Spain (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Corn Flakes and Cereal Products in Ecuador
In 2022, approx. 31K tons of cereal grain products (including corn flakes) were imported into Ecuador; picking up by 8.1% on 2021 figures. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, corn flakes and cereal products imports stood at $28M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 37%. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Corn Flakes and Cereal Products in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 14.4 | 20.5 | 19.8 | 20.9 | 13.2% |
Colombia | 2.2 | 4.1 | 2.7 | 3.3 | 14.5% |
Peru | 2.5 | 1.5 | 1.0 | 1.8 | -10.4% |
Others | 2.1 | 2.9 | 3.3 | 1.8 | -5.0% |
Total | 21.1 | 28.9 | 26.8 | 27.8 | 9.6% |
Top Suppliers of Corn Flakes and Cereal Products to Ecuador in 2022:
- Chile (27.1K tons)
- Colombia (2.5K tons)
- Peru (0.9K tons)
Exports of Corn Flakes and Cereal Products in Ecuador
In 2022, approx. 745 tons of cereal grain products (including corn flakes) were exported from Ecuador; increasing by 7.7% on 2021 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, corn flakes and cereal products exports contracted significantly to $2.3M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of $2.8M, and then fell dramatically in the following year.
Export of Corn Flakes and Cereal Products in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 425 | 759 | 1,858 | 1,278 | 44.3% |
Peru | 600 | 265 | 38.8 | 380 | -14.1% |
Spain | 160 | 383 | 360 | 248 | 15.7% |
Panama | 11.7 | 35.1 | 118 | 121 | 117.9% |
Malaysia | 67.0 | 82.1 | 63.9 | 48.5 | -10.2% |
Colombia | 40.3 | 38.1 | 31.5 | 28.6 | -10.8% |
Others | 263 | 202 | 312 | 169 | -13.7% |
Total | 1,567 | 1,764 | 2,782 | 2,273 | 13.2% |
Top Export Markets for Corn Flakes and Cereal Products from Ecuador in 2022:
- United States (278.1 tons)
- Peru (266.1 tons)
- Spain (113.7 tons)
- Panama (24.5 tons)
- Colombia (15.3 tons)
- Malaysia (11.9 tons)
This report provides an in-depth analysis of the market for corn flakes and cereal products 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 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
- Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
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
This report provides an in-depth analysis of the market for corn flakes and cereal products in Ecuador.
This report provides an in-depth analysis of the cereal germ market in Ecuador.
This report provides an in-depth analysis of the market for flaked or rolled cereal in Ecuador.
This report provides an in-depth analysis of the global market for corn flakes and cereal products.
This report provides an in-depth analysis of the global cereal germ market.
This report provides an in-depth analysis of the global market for flaked or rolled cereal.
This report provides an in-depth analysis of the market for corn flakes and cereal products in Ecuador.
This report provides an in-depth analysis of the cereal germ market in Ecuador.
This report provides an in-depth analysis of the market for flaked or rolled cereal in Ecuador.
This report provides an in-depth analysis of the global market for corn flakes and cereal products.
From 2007 to 2016, the global cereal grains market showed an upward trend, expanding by X%, to X tons in 2016. According to IndexBox estimates, over the last nine years the cereal grain market grew with a CAGR of +X%. Maize accounted for the h
With strong export numbers in 2014, Germany took the second spot in the global cereal grain trade. In 2014, Germany exported X thousand tons of cereal grains totaling X million USD, X% over the previous year. Its primary trading partner was the
From 2007 to 2016, the global cereal grains market showed an upward trend, expanding by X%, to X tons in 2016. According to IndexBox estimates, over the last nine years the cereal grain market grew with a CAGR of +X%. Maize accounted for the h
With strong export numbers in 2014, Germany took the second spot in the global cereal grain trade. In 2014, Germany exported X thousand tons of cereal grains totaling X million USD, X% over the previous year. Its primary trading partner was the