Ecuador: Meat And Poultry Market 2024

Meat And Poultry Market Size in Ecuador

After two years of decline, the Ecuadorian meat and poultry market increased by X% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Meat and poultry consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Meat And Poultry Production in Ecuador

In value terms, meat and poultry production contracted to $X in 2022 estimated in export price. In general, the total production indicated tangible growth 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 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of meat and poultry in Ecuador was estimated at X kg per head, remaining stable against 2021. Overall, the yield saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the average meat and poultry yield attained the maximum level at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for meat and poultry production in Ecuador reached X heads in 2022, growing by X% against 2021. Over the period under review, the total number of producing animals indicated a perceptible increase from 2012 to 2022: its figure 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, number of animals slaughtered for meat and poultry production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

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Meat And Poultry Exports

Exports from Ecuador

In 2022, after three years of growth, there was significant decline in shipments abroad of meat and poultry, when their volume decreased by X% to X tons. Overall, exports showed a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, meat and poultry exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for meat and poultry exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) emerged as the key foreign market for meat and poultry exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed a strong increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Meat And Poultry Imports

Imports into Ecuador

In 2022, purchases abroad of meat and poultry increased by X% to X tons, rising for the sixth year in a row after four years of decline. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, meat and poultry imports soared to $X in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and Uruguay (X tons) were the main suppliers of meat and poultry imports to Ecuador, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest meat and poultry suppliers to Ecuador were the United States ($X), Uruguay ($X) and Chile ($X), with a combined X% share of total imports.

Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price 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, meat and poultry import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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

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

Source: IndexBox Platform

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