Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador - 2022

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador (CIF) - 2022
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador (CIF) - 2022

In 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,022 per ton, dropping by -1.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 13% against the previous year. The import price peaked at $1,180 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Chile ($1,170 per ton) and Italy ($1,153 per ton), while the price for Peru ($829 per ton) and China ($897 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $3,102 per ton, falling by -2.3% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by +78.3% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 39%. The export price peaked at $3,177 per ton in 2021, and then declined modestly in the following year.

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 Chile ($7,166 per ton), while the average price for exports to Saint Vincent and the Grenadines ($1,805 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 Chile (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador

After three years of growth, purchases abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -6.9% to 7.5K tons in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17%.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid shrank to $7.7M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Ecuador in 2022:

1. Peru (3.6K tons)
2. Chile (3.1K tons)
3. Italy (0.6K tons)
4. China (0.1K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Ecuador

In 2022, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid was finally on the rise to reach 25 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep downturn.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reached $78K in 2022. In general, exports, however, showed a perceptible decrease.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Ecuador in 2022:

1. United States (14.6 tons)
2. Chile (5.4 tons)
3. Saint Vincent and the Grenadines (5.2 tons)

Source: IndexBox Market Intelligence Platform