Ecuador: Lentil Market 2024

Lentil Market Size in Ecuador

The Ecuadorian lentil market shrank to $X in 2023, declining by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Lentil consumption peaked at $X in 2022, and then contracted in the following year.

Lentil Production in Ecuador

In value terms, lentil production reduced modestly to $X in 2023 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

In 2023, the average lentil yield in Ecuador amounted to X kg per ha, almost unchanged from the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average lentil yield reached the maximum level at X kg per ha in 2015; however, from 2016 to 2023, 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 2023, the lentil harvested area in Ecuador fell slightly to X ha, remaining stable against 2022. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to lentil production reached the maximum at X ha in 2018; afterwards, it flattened through to 2023.

Lentil Exports

Exports from Ecuador

In 2023, approx. X tons of lentils were exported from Ecuador; with an increase of X% on 2022 figures. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, lentil exports expanded remarkably to $X in 2023. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for lentil exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Chile totaled X%.

In value terms, Chile ($X) also remains the key foreign market for lentils exports from Ecuador.

From 2012 to 2023, the average annual rate of growth in terms of value to Chile stood at X%.

Export Prices by Country

In 2023, the average lentil export price amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the average export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Italy amounted to X% per year.

Lentil Imports

Imports into Ecuador

In 2023, after two years of decline, there was growth in supplies from abroad of lentils, when their volume increased by X% to X tons. Over the period under review, total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, lentil imports contracted to $X in 2023. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Canada (X tons) was the main lentil supplier to Ecuador, with a X% share of total imports. Moreover, lentil imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from Canada totaled X%.

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

From 2012 to 2023, the average annual growth rate of value from Canada amounted to X%.

Import Prices by Country

In 2023, the average lentil import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lentil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform