Ecuador: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Ecuador

In 2020, the Ecuadorian roots and tubers, nes market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a deep slump. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Production of Roots and Tubers, nes in Ecuador

In value terms, roots and tubers, nes production declined notably to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2014 to 2020, production growth failed to regain the momentum.

In 2020, the average roots and tubers, nes yield in Ecuador skyrocketed to X tons per ha, picking up by X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. The roots and tubers, nes yield peaked in 2020 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of roots and tubers, nes were harvested in Ecuador; flattening at 2019 figures. In general, the total harvested area indicated a perceptible increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, roots and tubers, nes harvested area decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The roots and tubers, nes harvested area peaked at X ha in 2015; however, from 2016 to 2020, the harvested area remained at a lower figure.

Exports of Roots and Tubers, nes

Exports from Ecuador

For the fourth consecutive year, Ecuador recorded growth in shipments abroad of roots and tubers, nes, which increased by X% to X tons in 2020. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, roots and tubers, nes exports fell to $X in 2020. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then contracted in the following year.

Exports by Country

The U.S. (X tons) was the main destination for roots and tubers, nes exports from Ecuador, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) also remains the key foreign market for roots and tubers, nes exports from Ecuador.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%.

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Imports of Roots and Tubers, nes

Imports into Ecuador

In 2020, supplies from abroad of roots and tubers, nes increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, roots and tubers, nes imports totaled $X in 2020. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the main roots and tubers, nes supplier to Ecuador, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of roots and tubers, nes to Ecuador.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%.

Import Prices by Country

In 2020, the average roots and tubers, nes import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price posted a perceptible expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

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