Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,370 per ton, jumping by 44% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,003 per ton), while the price for Peru ($913 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (FOB) - 2022
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,087 per ton in 2022, with an increase of 14% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 39%. The export price peaked at $3,786 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,189 per ton), while the average price for exports to Trinidad and Tobago ($2,146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.6%).
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador
For the fourth year in a row, Ecuador recorded growth in supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 40% to 475 tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% 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 +66.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses soared to $2.1M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 387 | 175 | 299 | 575 | 14.1% |
| Mexico | 167 | 111 | 217 | 431 | 37.2% |
| United States | 127 | 117 | 142 | 315 | 35.4% |
| Spain | 4.4 | 167 | 79.0 | 245 | 281.9% |
| Germany | 15.7 | N/A | N/A | 200 | 133.5% |
| Brazil | 107 | 276 | 27.0 | 96.0 | -3.6% |
| South Korea | 8.9 | 39.4 | 58.8 | 62.4 | 91.4% |
| Chile | 36.6 | 54.0 | 47.7 | 50.3 | 11.2% |
| Italy | 43.9 | 36.2 | 47.4 | 44.6 | 0.5% |
| Guatemala | 21.2 | 8.9 | 24.1 | 43.6 | 27.2% |
| China | 42.9 | 112 | 74.4 | 3.8 | -55.4% |
| Others | 12.8 | 15.7 | 10.4 | 8.3 | -13.4% |
| Total | 973 | 1,112 | 1,026 | 2,074 | 28.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Ecuador in 2022:
- Colombia (128.4 tons)
- Mexico (122.8 tons)
- Spain (83.7 tons)
- United States (56.5 tons)
- South Korea (22.6 tons)
- Brazil (19.3 tons)
- Germany (10.0 tons)
- Guatemala (8.4 tons)
- Italy (7.5 tons)
- Chile (6.1 tons)
- China (3.2 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador
For the fourth year in a row, Ecuador recorded growth in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 40% to 233 tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $720K in 2022. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 234 | 249 | 332 | 413 | 20.8% |
| United States | 178 | 103 | 111 | 288 | 17.4% |
| Trinidad and Tobago | N/A | N/A | N/A | 19.6 | 0% |
| Others | 16.2 | 8.5 | 7.2 | N/A | -33.3% |
| Total | 429 | 361 | 451 | 720 | 18.8% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Ecuador in 2022:
- Spain (168.7 tons)
- United States (55.5 tons)
- Trinidad and Tobago (9.1 tons)
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