Price for Vegetable Products Not Elsewhere Specified or Included in Ecuador - 2022
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in Ecuador
- Imports of Vegetable Products Not Elsewhere Specified or Included in Ecuador
Price for Vegetable Products Not Elsewhere Specified or Included in Ecuador (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $1,537 per ton in 2022, picking up by 14% against the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 47%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
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 the United States ($2,656 per ton), while the average price for exports to Italy ($466 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 Peru (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Ecuador (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $693 per ton, waning by -12.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 90% against the previous year. As a result, import price attained the peak level of $1,631 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($1,972 per ton), while the price for China ($481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vegetable Products Not Elsewhere Specified or Included in Ecuador
In 2022, the amount of vegetable products not elsewhere specified or includeds exported from Ecuador skyrocketed to 1.3K tons, growing by 62% against the year before. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetable products not elsewhere specified or includeds skyrocketed to $2M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Products Not Elsewhere Specified or Included in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 336 | 350 | 342 | 685 | 26.8% |
| Chile | 130 | 620 | 434 | 667 | 72.5% |
| Peru | 20.8 | 27.3 | 52.6 | 266 | 133.9% |
| China | 99.0 | 72.5 | 132 | 139 | 12.0% |
| Spain | 344 | 241 | 142 | 121 | -29.4% |
| Italy | 0.6 | N/A | 9.1 | 20.0 | 221.8% |
| Hong Kong SAR | 137 | 83.3 | N/A | N/A | -39.2% |
| Others | 76.3 | 75.2 | 18.6 | 77.9 | 0.7% |
| Total | 1,143 | 1,470 | 1,130 | 1,976 | 20.0% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Ecuador in 2022:
- Peru (458.2 tons)
- Chile (369.1 tons)
- United States (257.9 tons)
- China (133.5 tons)
- Spain (51.5 tons)
- Italy (42.9 tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Ecuador
Imports of vegetable products not elsewhere specified or includeds into Ecuador shrank dramatically to 307 tons in 2022, falling by -65% against 2021 figures. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 426%. As a result, imports reached the peak of 877 tons, and then reduced dramatically in the following year.
In value terms, imports of vegetable products not elsewhere specified or includeds shrank remarkably to $213K in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 518% against the previous year. As a result, imports attained the peak of $824K, and then contracted rapidly in the following year.
| Import of Vegetable Products Not Elsewhere Specified or Included in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 181 | 99.9 | 267 | 77.7 | -24.6% |
| China | 59.1 | 8.0 | 15.2 | 56.1 | -1.7% |
| United States | 53.0 | 2.6 | 75.1 | 34.3 | -13.5% |
| Cote d'Ivoire | N/A | 5.2 | 109 | 29.1 | 136.6% |
| Colombia | 3.9 | N/A | 26.8 | 12.9 | 49.0% |
| Netherlands | N/A | 13.6 | N/A | N/A | 0% |
| Others | N/A | 4.1 | 330 | 2.9 | -15.9% |
| Total | 297 | 133 | 824 | 213 | -10.5% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Ecuador in 2022:
- China (116.6 tons)
- Peru (89.3 tons)
- United States (51.4 tons)
- Cote d'Ivoire (39.7 tons)
- Colombia (6.5 tons)
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