Ecuador: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Ecuador

In 2022, the Ecuadorian non-wheat groats market increased by less than X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a pronounced decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in Ecuador

In value terms, non-wheat groats production stood at $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Non-Wheat Groats Exports

Exports from Ecuador

In 2022, shipments abroad of groats and meal of cereals (excluding wheat) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-wheat groats exports contracted dramatically to $X in 2022. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for non-wheat groats exports from Ecuador, accounting for a X% share of total exports. Moreover, non-wheat groats exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), fourfold.

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

In value terms, Hong Kong SAR ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for non-wheat groats exported from Ecuador worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-wheat groats export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Germany ($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 the United States (X%).

Non-Wheat Groats Imports

Imports into Ecuador

Non-wheat groats imports into Ecuador fell to X tons in 2022, standing approx. at the previous year. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-wheat groats imports rose markedly to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Colombia (X tons) constituted the largest non-wheat groats supplier to Ecuador, with a X% share of total imports. Moreover, non-wheat groats imports from Colombia exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold.

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

In value terms, Colombia ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

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

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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