Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador - 2022

Contents:

1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador (CIF) - 2022
2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador (FOB) - 2022
3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador
4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador (CIF) - 2022

In 2022, the average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants amounted to $0.2 per unit, increasing by 3.7% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants increased by +18.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 47%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($0.2 per unit), while the price for Israel ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+47.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador (FOB) - 2022

The average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.2 per unit in 2022, waning by -5.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $0.2 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($0.2 per unit), while the average price for exports to the United States totaled $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+47.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador

For the fourth consecutive year, Ecuador recorded growth in purchases abroad of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants, which increased by 1% to 64M units in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants expanded slightly to $15M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Ecuador in 2022:

1. Netherlands (41.0M units)
2. Italy (10.2M units)
3. Chile (6.3M units)
4. Israel (5.6M units)
5. France (1.1M units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Ecuador

In 2022, shipments abroad of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants decreased by -77.8% to 40K units, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. As a result, the exports reached the peak of 305K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants plummeted to $7.6K in 2022. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 85%. As a result, the exports attained the peak of $72K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Ecuador in 2022:

1. Netherlands (38.3K units)
2. United States (1.6K units)

Source: IndexBox Market Intelligence Platform