Ecuador: Pork Market Overview 2021

Pork Market Size in Ecuador

The Ecuadorian pork market reached $X in 2019, growing by X% against the previous year. In general, consumption enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. Pork consumption peaked in 2019 and is expected to retain growth in the near future.

Pork Production in Ecuador

In value terms, pork production expanded markedly to $X in 2019 estimated in export prices. Over the period under review, production enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Pork production peaked in 2019 and is likely to continue growth in the near future.

In 2019, the average pork yield in Ecuador expanded slightly to X kg per head, growing by X% against 2018 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the average pork yield hit record highs in 2019 and is expected to retain growth in the near future.

In 2019, approx. X heads of animals slaughtered for pork production in Ecuador; stabilizing at 2018 figures. In general, the number of producing animals saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the number of producing animals increased by X% year-to-year. The number of animals slaughtered for pork production peaked at X heads in 2013; afterwards, it flattened through to 2019.

Pork Exports

Exports from Ecuador

In 2019, overseas shipments of pork decreased by -X% to X kg, falling for the fifth year in a row after six years of decline. Over the period under review, exports faced a dramatic decrease. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports failed to regain the momentum.

In value terms, pork exports shrank dramatically to $X in 2019. In general, exports saw a sharp slump. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Maldives (X kg) was the main destination for pork exports from Ecuador, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Maldives amounted to -X%.

From 2007 to 2018, the average annual rate of growth in terms of value to Maldives amounted to -X%.

Export Prices by Country

The average pork export price stood at $X per tonne in 2018, picking up by X% against the previous year. Overall, the export price continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure in 2018 and is expected to retain growth in the near future.

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

From 2007 to 2018, the rate of growth in terms of prices for Maldives amounted to +X% per year.

Pork Imports

Imports into Ecuador

In 2019, purchases abroad of pork increased by X% to X tonnes, rising for the second consecutive year after six years of decline. In general, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, pork imports fell modestly to $X in 2019. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Chile (X tonnes) and the U.S. (X tonnes) were the main suppliers of pork imports to Ecuador, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in the U.S..

In value terms, the U.S. ($X) and Chile ($X) constituted the largest pork suppliers to Ecuador, together accounting for X% of total imports.

The U.S. recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2019, the average pork import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Chile totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?

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China (56M tonnes) remains the largest pork consuming country worldwide, accounting for 46% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (11M tonnes), fivefold. The third position in this ranking was occupied by Germany (4.5M tonnes), with a 3.7% share.

What are the largest producers of pork in the world?

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China (55M tonnes) constituted the country with the largest volume of pork production, accounting for 45% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. (12M tonnes), fivefold. The third position in this ranking was occupied by Germany (5.4M tonnes), with a 4.4% share.

What are the leading suppliers of pork to Ecuador?

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In value terms, the largest pork suppliers to Ecuador were the U.S. ($4.7M) and Chile ($2.4M), with a combined 100% share of total imports.

What is the average export price for pork in Ecuador?

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In 2018, the average pork export price amounted to $6,339 per tonne, rising by 8.6% against the previous year.

What is the average import price for pork in Ecuador?

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The average pork import price stood at $1,728 per tonne in 2019, waning by -3.3% against the previous year.