Ecuador: Durum Wheat Market 2024

Durum Wheat Market Size in Ecuador

The Ecuadorian durum wheat market soared to $X in 2022, rising by X% against the previous year. In general, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Durum Wheat Production in Ecuador

In value terms, durum wheat production dropped slightly to $X in 2022 estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average durum wheat yield in Ecuador contracted markedly to X kg per ha, falling by X% on 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the average durum wheat yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of durum wheat were harvested in Ecuador; with an increase of X% compared with the previous year. Over the period under review, the harvested area, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to durum wheat production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Durum Wheat Exports

Exports from Ecuador

In 2022, exports of durum wheat from Ecuador amounted to X kg, stabilizing at the previous year's figure. Over the period under review, exports showed a tangible expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, durum wheat exports totaled $X in 2022. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bahrain (X kg) was the main destination for durum wheat exports from Ecuador, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Bahrain was relatively modest.

From 2013 to 2022, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 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 Bahrain.

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Durum Wheat Imports

Imports into Ecuador

Durum wheat imports into Ecuador skyrocketed to X tons in 2022, with an increase of X% on the previous year's figure. Over the period under review, imports posted a resilient increase. Over the period under review, imports hit record highs at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, durum wheat imports surged to $X in 2022. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of durum wheat to Ecuador, accounting for a X% share of total imports. Moreover, durum wheat imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

In value terms, Canada ($X) constituted the largest supplier of durum wheat to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a mild 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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