Ecuador: Cream Market 2021

Cream Market Size in Ecuador

For the fifth year in a row, the Ecuadorian cream market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2020, the growth of the market remained at a lower figure.

Cream Production in Ecuador

In value terms, cream production contracted to $X in 2020 estimated in export prices. In general, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2008 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2009 to 2020, production growth failed to regain the momentum.

Cream Exports

Exports from Ecuador

In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the tenth consecutive year after four years of growth. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Exports peaked at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports shrank to $X in 2020. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for cream exports from Ecuador, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Colombia totaled +X%.

In value terms, Colombia ($X) also remains the key foreign market for cream exports from Ecuador.

From 2007 to 2020, the average annual rate of growth in terms of value to Colombia stood at +X%.

Export Prices by Country

The average cream export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for Colombia amounted to +X% per year.

Cream Imports

Imports into Ecuador

In 2020, the amount of cream imported into Ecuador was estimated at X kg, remaining constant against 2019. Overall, imports showed a precipitous descent. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, cream imports amounted to $X in 2020. In general, imports faced a sharp curtailment. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2009, Colombia (X tons) was the main cream supplier to Ecuador, with a approx. X% share of total imports.

From 2007 to 2009, the average annual growth rate of volume from Colombia totaled -X%.

In value terms, Colombia ($X) constituted the largest supplier of cream to Ecuador.

From 2007 to 2009, the average annual growth rate of value from Colombia totaled -X%.

Import Prices by Country

The average cream import price stood at $X per ton in 2009, with an increase of X% against the previous year. Over the last two years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Colombia.

From 2007 to 2009, the rate of growth in terms of prices for Colombia amounted to +X% per year.

Source: IndexBox Platform