Ecuador: Chewing Gum Market 2024

Chewing Gum Market Size in Ecuador

The Ecuadorian chewing gum market contracted notably to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption faced a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chewing Gum Production in Ecuador

In value terms, chewing gum production stood at $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Chewing Gum Exports

Exports from Ecuador

In 2022, overseas shipments of chewing gum increased by X% to X tons, rising for the second consecutive year after six years of decline. In general, exports, however, showed a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports soared to $X in 2022. Overall, exports, however, saw a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Bolivia (X tons) and Saudi Arabia (X tons) were the main destinations of chewing gum exports from Ecuador, with a combined X% share of total exports. Venezuela, Nicaragua, Panama, the Dominican Republic, Oman, Colombia, Argentina, Kuwait, Peru and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest markets for chewing gum exported from Ecuador worldwide, together accounting for X% of total exports. Venezuela, Nicaragua, Panama, Chile, the Dominican Republic, Oman, Colombia, Argentina, Kuwait and Peru lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Ecuador

In 2022, approx. X tons of chewing gum were imported into Ecuador; jumping by X% compared with the year before. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chewing gum imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of chewing gum imports to Ecuador, with a combined X% share of total imports. Peru, Colombia, Spain and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest chewing gum suppliers to Ecuador were China ($X), Mexico ($X) and Brazil ($X), with a combined X% share of total imports. The United States, Colombia, Peru and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chewing gum import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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