Report Update: May 1, 2024

Ecuador - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights

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Price for Seafood Meals and Pellets in Ecuador - 2022

Price for Seafood Meals and Pellets in Ecuador (FOB) - 2022

The average seafood meals and pellets export price stood at $1,153 per ton in January 2022, with a decrease of -9.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2021 when the average export price increased by 30% against the previous month. Over the period under review, the average export prices hit record highs at $1,532 per ton in April 2021; however, from May 2021 to January 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was China ($1,404 per ton), while the average price for exports to Peru ($730 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 Taiwan (Chinese) (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Seafood Meals and Pellets in Ecuador (CIF) - 2022

In January 2022, the average seafood meals and pellets import price amounted to $1,747 per ton, with an increase of 8.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in May 2021 when the average import price increased by 22% m-o-m. Over the period under review, average import prices attained the maximum in January 2022.

Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Chile ($1,910 per ton), while the price for Peru amounted to $1,732 per ton.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Seafood Meals and Pellets in Ecuador

In 2022, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -14.4% to 63K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +27.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of 73K tons, and then shrank in the following year.

In value terms, seafood meals and pellets exports contracted rapidly to $80M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +29.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, the exports attained the peak of $97M, and then contracted sharply in the following year.

Export of Seafood Meals and Pellets in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	30.2	29.5	67.8	53.4	20.9%
Colombia	13.1	8.7	11.2	8.8	-12.4%
Japan	10.7	14.0	4.8	7.6	-10.8%
Taiwan (Chinese)	1.6	3.5	2.7	2.1	9.5%
Turkey	N/A	0.8	1.9	1.5	36.9%
Guatemala	0.8	0.6	1.3	1.0	7.7%
Others	5.0	5.4	6.7	5.0	0.0%
Total	61.4	62.5	96.5	79.5	9.0%

Top Export Markets for Seafood Meals and Pellets from Ecuador in 2022:

China (38.9K tons)
Colombia (7.9K tons)
Japan (6.8K tons)
Taiwan (Chinese) (1.9K tons)
Turkey (1.8K tons)
Guatemala (1.1K tons)

Imports of Seafood Meals and Pellets in Ecuador

Seafood meals and pellets imports into Ecuador declined to 18K tons in 2022, with a decrease of -7.1% against the previous year. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.

In value terms, seafood meals and pellets imports declined dramatically to $26M in 2022. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of $31M, and then dropped rapidly in the following year.

Import of Seafood Meals and Pellets in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	29.6	18.8	28.5	25.0	-5.5%
Chile	0.5	1.6	0.5	0.8	17.0%
Others	0.3	0.3	2.2	0.3	0.0%
Total	30.4	20.8	31.2	26.0	-5.1%

Top Suppliers of Seafood Meals and Pellets to Ecuador in 2022:

Peru (17.8K tons)
Chile (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for seafood meals and pellets 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 10204100 - Flours, meals and pellets of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023