Ecuador: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Ecuador

For the fifth year in a row, the Ecuadorian frozen fruits and vegetables market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption continues to indicate a deep setback. Frozen fruits and vegetables consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Fruits And Vegetables in Ecuador

In value terms, frozen fruits and vegetables production rose modestly to $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; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Frozen fruits and vegetables production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Frozen Fruits And Vegetables

Exports from Ecuador

For the fifth consecutive year, Ecuador recorded growth in shipments abroad of frozen fruits and vegetables, which increased by X% to X tons in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fruits and vegetables exports surged to $X in 2022. In general, total exports indicated a strong 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, exports increased by X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main destinations of frozen fruits and vegetables exports from Ecuador, together accounting for X% of total exports. Canada, the Netherlands, the UK, Belgium and Sweden 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 Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fruits and vegetables exported from Ecuador were the United States ($X), Japan ($X) and Germany ($X), with a combined X% share of total exports. The Netherlands, Canada, the UK, Belgium and Sweden lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fruits and vegetables export price amounted to $X per ton, increasing 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the Netherlands ($X per ton), while the average price for exports to the UK ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fruits And Vegetables

Imports into Ecuador

Frozen fruits and vegetables imports into Ecuador expanded sharply to X tons in 2022, surging by X% compared with 2021 figures. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fruits and vegetables imports surged to $X in 2022. In general, imports showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Argentina (X tons) were the main suppliers of frozen fruits and vegetables imports to Ecuador, together accounting for X% of total imports. Spain, France, Germany, Colombia, the United States, Canada and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Argentina ($X) were the largest frozen fruits and vegetables suppliers to Ecuador, with a combined X% share of total imports. Spain, France, Germany, the United States, Colombia, Canada and Chile lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average frozen fruits and vegetables import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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