Ecuador: Confectionery Market 2023

Confectionery Market Size in Ecuador

The Ecuadorian confectionery market declined modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Confectionery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Confectionery Production in Ecuador

In value terms, confectionery production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Confectionery Exports

Exports from Ecuador

For the fifth year in a row, Ecuador recorded growth in overseas shipments of confectionery, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, confectionery exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for confectionery exports from Ecuador, accounting for a X% share of total exports. Moreover, confectionery exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for confectionery exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, flattening at the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Colombia ($X per ton), while the average price for exports to Venezuela ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Ecuador

Confectionery imports into Ecuador skyrocketed to X tons in 2022, picking up by X% on the previous year. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, confectionery imports surged to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Colombia (X tons) constituted the largest confectionery supplier to Ecuador, with a X% share of total imports. Moreover, confectionery imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, Colombia ($X) constituted the largest supplier of confectionery to Ecuador, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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