Price for Flour, Meal, and Flakes of Potatoes in Ecuador - 2022

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Ecuador (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Ecuador (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Ecuador
4. Exports of Flour, Meal, and Flakes of Potatoes in Ecuador

Price for Flour, Meal, and Flakes of Potatoes in Ecuador (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $2,623 per ton in 2022, surging by 47% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour, meal, and flakes of potatoeses increased by +59.2% against 2019 indices. The import price peaked at $2,798 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($6,787 per ton), while the price for Mexico ($1,560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Ecuador (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $7,500 per ton, growing by 211% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +349.9% per year.

Imports of Flour, Meal, and Flakes of Potatoes in Ecuador

In 2022, approx. 21 tons of flour, meal, and flakes of potatoeses were imported into Ecuador; jumping by 53% on 2021 figures. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 98%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses skyrocketed to $56K in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 128% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Ecuador in 2022:

1. Belgium (7.9 tons)
2. Mexico (5.4 tons)
3. Netherlands (2.7 tons)
4. Italy (2.5 tons)
5. Argentina (1.9 tons)
6. Germany (0.7 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Ecuador

After three years of growth, overseas shipments of flour, meal, and flakes of potatoeses decreased by 99.9% to 2 kg in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 386%.

In value terms, exports of flour, meal, and flakes of potatoeses declined sharply to $15 in 2022. In general, exports saw a dramatic contraction. The growth pace was the most rapid in 2020 when exports increased by 425% against the previous year.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Ecuador in 2022:

1. Panama (2.0 kg)

Source: IndexBox Market Intelligence Platform