Ecuador: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Ecuador

In 2020, the Ecuadorian prepared frozen vegetable market decreased by X% to $X for the first time since 2012, thus ending a seven-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X, leveling off in the following year.

Prepared Frozen Vegetable Production in Ecuador

In value terms, prepared frozen vegetable production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. Prepared frozen vegetable production peaked in 2020 and is expected to retain growth in the near future.

Prepared Frozen Vegetable Exports

Exports from Ecuador

For the third consecutive year, Ecuador recorded growth in overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved), which increased by X% to X tons in 2020. Overall, exports showed a buoyant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared frozen vegetable exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from Ecuador, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the United States stood at +X%.

In value terms, the United States ($X) also remains the key foreign market for prepared frozen vegetable exports from Ecuador.

From 2007 to 2020, the average annual growth rate of value to the United States stood at +X%.

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2007 to 2020, the rate of growth in terms of prices for the United States amounted to -X% per year.

Prepared Frozen Vegetable Imports

Imports into Ecuador

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then declined markedly in the following year.

In value terms, prepared frozen vegetable imports fell notably to $X in 2020. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then contracted sharply in the following year.

Imports by Country

In 2020, the United States (X tons) constituted the largest prepared frozen vegetable supplier to Ecuador, with a X% share of total imports. Moreover, prepared frozen vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Spain (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared frozen vegetable to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2020, the average prepared frozen vegetable import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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