Price for Cereal Groats; Meal and Pellets in Ecuador - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Ecuador (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Ecuador (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Ecuador
4. Exports of Cereal Groats; Meal and Pellets in Ecuador

Price for Cereal Groats; Meal and Pellets in Ecuador (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $679 per ton in January 2022, growing by 5.3% against the previous month. Overall, the import price continues to indicate modest growth. The pace of growth was the most pronounced in November 2021 when the average import price increased by 26% month-to-month. Over the period under review, average import prices reached the maximum at $808 per ton in September 2021; however, from October 2021 to January 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the highest price was recorded for prices from Peru ($898 per ton) and the United States ($691 per ton), while the price for Mexico ($627 per ton) and Colombia ($639 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Ecuador (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $748 per ton, which is down by -6.9% against the previous year. Overall, the export price, however, recorded modest growth. The pace of growth appeared the most rapid in 2017 an increase of 149% against the previous year. As a result, the export price reached the peak level of $5,121 per ton. From 2018 to 2022, the average export prices remained at a 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 Peru amounted to -4.0% per year.

Imports of Cereal Groats; Meal and Pellets in Ecuador

After two years of decline, purchases abroad of cereal groats; meal and pelletses increased by 3.8% to 4.5K tons in 2022. Over the period under review, imports, however, showed a pronounced slump.

In value terms, cereal groats; meal and pellets imports dropped slightly to $2.7M in 2022. Overall, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 7.2%.

Top Suppliers of Cereal Groats; Meal and Pellets to Ecuador in 2022:

1. Colombia (1385.3 tons)
2. Mexico (1064.0 tons)
3. Spain (1011.4 tons)
4. Peru (851.8 tons)
5. United States (142.4 tons)

Exports of Cereal Groats; Meal and Pellets in Ecuador

In 2022, the amount of cereal groats; meal and pelletses exported from Ecuador skyrocketed to 113 tons, picking up by 96% on the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports soared to $84K in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 248%. As a result, the exports reached the peak of $122K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Cereal Groats; Meal and Pellets from Ecuador in 2022:

1. United States (112.6 tons)

Source: IndexBox Market Intelligence Platform