Ecuador: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Ecuador

In 2022, the Ecuadorian market for frozen, dried and smoked fish decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, saw a abrupt contraction. Frozen, dried and smoked fish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen, Dried And Smoked Fish in Ecuador

In value terms, frozen, dried and smoked fish production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Exports of Frozen, Dried And Smoked Fish

Exports from Ecuador

For the ninth year in a row, Ecuador recorded growth in shipments abroad of frozen, dried and smoked fish, which increased by X% to X tons in 2022. Overall, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen, dried and smoked fish exports surged to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for frozen, dried and smoked fish exports from Ecuador, with a X% share of total exports. Moreover, frozen, dried and smoked fish exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

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

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

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Ecuador

In 2022, imports of frozen, dried and smoked fish into Ecuador fell notably to X tons, with a decrease of X% against the previous year. Overall, imports saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Venezuela (X tons) constituted the largest supplier of frozen, dried and smoked fish to Ecuador, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Venezuela exceeded the figures recorded by the second-largest supplier, Panama (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, Venezuela ($X) constituted the largest supplier of frozen, dried and smoked fish to Ecuador, comprising X% of total imports. The second position in the ranking was held by Panama ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Solomon Islands ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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