Ecuador: Potato Market 2024

Potato Market Size in Ecuador

The Ecuadorian potato market shrank to $X in 2023, declining by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Potato Production in Ecuador

In value terms, potato production declined to $X in 2023 estimated in export price. In general, the total production indicated slight 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, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

In 2023, the average potato yield in Ecuador dropped to X tons per ha, waning by X% on the previous year. Over the period under review, the yield indicated a noticeable increase from 2012 to 2023: its figure 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, potato yield increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average potato yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of potatoes were harvested in Ecuador; with an increase of X% against the previous year. Over the period under review, the harvested area, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2023, the growth of the potato harvested area failed to regain momentum.

Potato Exports

Exports from Ecuador

In 2023, shipments abroad of potatoes was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, potato exports amounted to $X in 2023. In general, exports, however, showed a precipitous slump. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), the United States (X tons) and Austria (X tons) were the main destinations of potato exports from Ecuador, with a combined X% share of total exports. These countries were followed by Slovakia, which accounted for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for potatoes exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Austria (X% per year).

Export Prices by Country

In 2023, the average potato export price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Imports

Imports into Ecuador

In 2023, imports of potatoes into Ecuador soared to X tons, with an increase of X% on 2022 figures. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, potato imports declined modestly to $X in 2023. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Colombia (X tons) constituted the largest potato supplier to Ecuador, with a X% share of total imports. Moreover, potato imports from Colombia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Colombia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, the largest potato suppliers to Ecuador were Colombia ($X), the Netherlands ($X) and the United States ($X).

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

Import Prices by Country

In 2023, the average potato import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2023, the average import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform