Ecuador - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTomato Ketchup Price in Ecuador - 2022
Contents:
- Tomato Ketchup Price in Ecuador (CIF) - 2022
- Tomato Ketchup Price in Ecuador (FOB) - 2022
- Tomato Ketchup Imports in Ecuador
- Tomato Ketchup Exports in Ecuador
Tomato Ketchup Price in Ecuador (CIF) - 2022
In January 2022, the average tomato ketchup import price amounted to $1,992 per ton, declining by -4.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in October 2021 when the average import price increased by 32% month-to-month. Over the period under review, average import prices hit record highs at $2,294 per ton in March 2021; however, from April 2021 to January 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Italy ($4,254 per ton), while the price for Chile ($1,409 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tomato Ketchup Price in Ecuador (FOB) - 2022
In 2022, the average tomato ketchup export price amounted to $2,119 per ton, falling by -47.6% against the previous year. 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 2021 when the average export price increased by 84%. As a result, the export price reached the peak level of $4,041 per ton, and then fell dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($6,886 per ton), while the average price for exports to Australia ($1,210 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 Panama (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.
Tomato Ketchup Imports in Ecuador
For the third consecutive year, Ecuador recorded decline in purchases abroad of tomato ketchup and tomato sauces, which decreased by -15.9% to 792 tons in 2022. Over the period under review, imports recorded a abrupt descent. The smallest decline of -1.4% was in 2021.
In value terms, tomato ketchup imports reached $1.6M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tomato Ketchup in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 370 | 261 | 328 | 415 | 3.9% |
| Peru | 359 | 480 | 355 | 354 | -0.5% |
| United States | 292 | 328 | 298 | 300 | 0.9% |
| Italy | 143 | 235 | 262 | 194 | 10.7% |
| Colombia | 39.8 | 55.6 | 34.8 | 37.7 | -1.8% |
| Mexico | 9.4 | 6.0 | 32.1 | 32.1 | 50.6% |
| Spain | 11.1 | 29.4 | 26.4 | 30.3 | 39.8% |
| Panama | 58.0 | 41.7 | 31.7 | 27.5 | -22.0% |
| Others | 210 | 228 | 260 | 256 | 6.8% |
| Total | 1,492 | 1,667 | 1,629 | 1,648 | 3.4% |
Top Suppliers of Tomato Ketchup to Ecuador in 2022:
- Chile (248.1 tons)
- Peru (206.9 tons)
- United States (132.6 tons)
- Italy (50.8 tons)
- Colombia (29.8 tons)
- Mexico (15.0 tons)
- Spain (14.9 tons)
- Panama (14.7 tons)
Tomato Ketchup Exports in Ecuador
For the fourth year in a row, Ecuador recorded growth in overseas shipments of tomato ketchup and tomato sauces, which increased by 12% to 63 tons in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 353%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, tomato ketchup exports shrank rapidly to $134K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 482% against the previous year. As a result, the exports attained the peak of $229K, and then shrank significantly in the following year.
| Export of Tomato Ketchup in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 7.4 | 22.9 | 41.3 | 63.9 | 105.2% |
| United States | 0.9 | 6.5 | 25.0 | 60.1 | 305.7% |
| Panama | 0.2 | 0.9 | 2.4 | 7.0 | 227.1% |
| Colombia | N/A | 8.7 | 159 | N/A | 1727.6% |
| Others | N/A | 0.3 | 0.8 | 3.0 | 216.2% |
| Total | 8.6 | 39.3 | 229 | 134 | 149.8% |
Top Export Markets for Tomato Ketchup from Ecuador in 2022:
- Australia (52.9 tons)
- United States (9.0 tons)
- Panama (1.0 tons)
This report provides an in-depth analysis of the tomato ketchup market 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 10841230 - Tomato ketchup and other tomato sauces
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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