Ecuador: Pasta Products Market 2024

Pasta Products Market Size in Ecuador

The Ecuadorian pasta products market rose slightly to $X in 2022, growing by X% against the previous year. The market 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 throughout the analyzed period. Pasta products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pasta Products Production in Ecuador

In value terms, pasta products production totaled $X in 2022 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2016 with an increase of X%. Pasta products production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta Products Exports

Exports from Ecuador

In 2022, overseas shipments of dried, undried and frozen pasta and pasta products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pasta products exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Costa Rica (X tons) and Panama (X tons) were the main destinations of pasta products exports from Ecuador, together comprising X% of total exports. Colombia, Bolivia, Peru, El Salvador and Spain 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 El Salvador (with a CAGR of X.8%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) remains the key foreign market for dried, undried and frozen pasta and pasta products exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average pasta products export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Costa Rica ($X per ton), while the average price for exports to the United States ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Ecuador

For the third consecutive year, Ecuador recorded growth in purchases abroad of dried, undried and frozen pasta and pasta products, which increased by X% to X tons in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pasta products imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of pasta products imports to Ecuador, with a combined X% share of total imports. South Korea, Brazil, Argentina, Chile and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) constituted the largest pasta products suppliers to Ecuador, together comprising X% of total imports. South Korea, Italy, Brazil, Argentina and Chile lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average pasta products import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated strong growth 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, pasta products import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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