Ecuador: Sausage Market 2024

Sausage Market Size in Ecuador

The Ecuadorian sausage market amounted to $X in 2022, approximately reflecting the previous year. Over the period under review, the total consumption indicated a strong expansion 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sausage Production in Ecuador

In value terms, sausage production amounted to $X in 2022 estimated in export price. In general, the total production indicated strong 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 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Sausage production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Sausage Exports

Exports from Ecuador

After four years of growth, overseas shipments of sausages and similar products of meat decreased by X% to X kg in 2022. Over the period under review, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sausage exports declined rapidly to $X in 2022. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for sausage exports from Ecuador, with a X% share of total exports. Moreover, sausage exports to Colombia exceeded the volume sent to the second major destination, Ireland (X kg), more than tenfold. The third position in this ranking was held by Bahamas (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Bahamas (X% per year).

In value terms, Ireland ($X) remains the key foreign market for sausages and similar products of meat exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Bahamas (X% per year).

Export Prices by Country

The average sausage export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%).

Sausage Imports

Imports into Ecuador

In 2022, the amount of sausages and similar products of meat imported into Ecuador skyrocketed to X tons, picking up by X% compared with 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sausage imports soared to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main sausage supplier to Ecuador, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%.

In value terms, Spain ($X) constituted the largest supplier of sausages and similar products of meat to Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%.

Import Prices by Country

In 2022, the average sausage import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a buoyant expansion. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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