Ecuador: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Ecuador

In 2023, after three years of growth, there was decline in the Ecuadorian market for crispbread, rusks and toasted bread, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2022, and then reduced modestly in the following year.

Production of Crispbread, Rusks and Toasted Bread in Ecuador

In value terms, crispbread, rusk and toasted bread production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Ecuador

After six years of growth, overseas shipments of crispbread, rusks and toasted bread decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, crispbread, rusk and toasted bread exports contracted to $X in 2023. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Mexico (X tons) was the main destination for crispbread, rusk and toasted bread exports from Ecuador, accounting for a X% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Mexico exceeded the volume sent to the second major destination, Panama (X tons), sevenfold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Australia (X% per year).

In value terms, Mexico ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Panama (X% per year).

Export Prices by Country

The average export price for crispbread, rusks and toasted bread stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Ecuador

In 2023, after five years of growth, there was decline in overseas purchases of crispbread, rusks and toasted bread, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then shrank slightly in the following year.

In value terms, crispbread, rusk and toasted bread imports dropped to $X in 2023. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Peru (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Ecuador, with a X% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Spain (X% per year).

In value terms, Peru ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Ecuador, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a mild slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform