Report Update: May 1, 2024

Ecuador - Wheat and Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights

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Price for Wheat and Meslin Flour in Ecuador - 2022

Price for Wheat and Meslin Flour in Ecuador (CIF) - 2022

The average wheat and meslin flour import price stood at $448 per ton in 2022, with a decrease of -2.9% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 323% against the previous year. As a result, import price reached the peak level of $1,986 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,859 per ton), while the price for Turkey ($381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wheat and Meslin Flour in Ecuador (FOB) - 2022

The average wheat and meslin flour export price stood at $1,054 per ton in 2022, shrinking by -3.8% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 44%. The export price peaked at $1,096 per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +53.0% per year.

Imports of Wheat and Meslin Flour in Ecuador

In 2022, overseas purchases of wheat and meslin flour were finally on the rise to reach 3.8K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt descent.

In value terms, wheat and meslin flour imports reached $1.7M in 2022. In general, imports, however, continue to indicate a abrupt contraction.

Import of Wheat and Meslin Flour in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	63.4	721	1,038	874	139.8%
Turkey	780	252	328	318	-25.9%
Argentina	753	380	185	300	-26.4%
Colombia	170	195	38.7	90.9	-18.8%
Spain	155	116	20.6	65.3	-25.0%
Others	66.9	61.0	62.5	51.1	-8.6%
Total	1,989	1,725	1,673	1,699	-5.1%

Top Suppliers of Wheat and Meslin Flour to Ecuador in 2022:

Peru (1939.2 tons)
Turkey (833.6 tons)
Argentina (741.9 tons)
Spain (118.5 tons)
Colombia (105.1 tons)

Exports of Wheat and Meslin Flour in Ecuador

In 2022, approx. 319 tons of wheat and meslin flour were exported from Ecuador; increasing by 34% compared with the year before. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 109%. As a result, the exports reached the peak of 401 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat and meslin flour exports soared to $336K in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 102% against the previous year. As a result, the exports reached the peak of $412K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Wheat and Meslin Flour in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	204	300	240	336	18.1%
Peru	N/A	112	15.2	N/A	-86.4%
Others	N/A	0.2	5.5	N/A	2650.0%
Total	204	412	260	336	18.1%

Top Export Markets for Wheat and Meslin Flour from Ecuador in 2022:

United States (319.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wheat and meslin flour 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:

FCL 16 - Flour of Wheat

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