Ecuador: Apricot Market 2025

Apricot Market Size in Ecuador

The Ecuadorian apricot market fell modestly to $X in 2022, declining by -2.1% against the previous year. Overall, consumption, however, saw significant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in Ecuador

In value terms, apricot production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

In 2022, the average yield of apricots in Ecuador fell to X tons per ha, remaining constant against the year before. Over the period under review, the yield saw a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 3.4%. The apricot yield peaked at X tons per ha in 2012; however, from 2013 to 2022, 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 2022, the harvested area of apricots in Ecuador amounted to X ha, almost unchanged from 2021. In general, the harvested area saw a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of 1.4% against the previous year. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Apricot Exports

Exports from Ecuador

In 2022, after nine years of decline, there was significant growth in shipments abroad of apricots, when their volume increased by 88% to X tons. Overall, exports, however, faced a dramatic decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, apricot exports surged to $X in 2022. Over the period under review, exports, however, showed a dramatic descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X kg) was the main destination for apricot exports from Ecuador, accounting for a 11% share of total exports. Moreover, apricot exports to Slovenia exceeded the volume sent to the second major destination, Luxembourg (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at -49.2%.

In value terms, Slovenia ($X) emerged as the key foreign market for apricots exports from Ecuador, comprising 13% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled -46.9%.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, falling by -32.9% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Slovenia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+106.1%).

Apricot Imports

Imports into Ecuador

In 2022, supplies from abroad of apricots decreased by -14% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2014 when imports increased by 212% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, apricot imports dropped to $X in 2022. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 189% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X kg) and Chile (X kg) were the main suppliers of apricot imports to Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -17.6%).

In value terms, the United States ($X) constituted the largest supplier of apricots to Ecuador, comprising 72% of total imports. The second position in the ranking was taken by Chile ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -14.5%.

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apricot import price increased by +34.7% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Source: IndexBox Platform

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