Report Update Nov 1, 2024

Ecuador - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Bacon And Ham Market 2024

Bacon And Ham Market Size in Ecuador

In 2022, the Ecuadorian bacon and ham market decreased by -0.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by +17.1% against 2017 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Bacon And Ham Production in Ecuador

In value terms, bacon and ham production fell modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 115% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Bacon And Ham Exports

Exports from Ecuador

In 2018, overseas shipments of bacon, ham and other dried, salted or smoked pig meat decreased by 0% to X kg, falling for the second year in a row after two years of decline. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 94%. Over the period under review, the exports reached the peak figure at X kg in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

In value terms, bacon and ham exports stood at $X in 2018. Overall, exports continue to indicate a remarkable increase. The smallest decline of -73.5% was in 2014. The exports peaked at $X in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X kg) was the main destination for bacon and ham exports from Ecuador, with a approx. 100% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Maldives was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2018, stabilizing at the previous year. Overall, the export price showed a slight increase. The pace of growth was the most pronounced in 2014 a decrease of -86.3% against the previous year. The export price peaked in 2018 and is expected to retain growth in the immediate term.

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

From 2013 to 2018, the rate of growth in terms of prices for Luxembourg amounted to -5.5% per year.

Bacon And Ham Imports

Imports into Ecuador

In 2022, bacon and ham imports into Ecuador contracted notably to X tons, waning by -17.3% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of 356%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, bacon and ham imports dropped rapidly to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 231% against the previous year. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Spain (X tons), Canada (X tons) and Italy (X tons) were the main suppliers of bacon and ham imports to Ecuador, together comprising 47% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Ecuador, comprising 34% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Canada, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.2% per year) and Canada (-2.2% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, falling by -2.7% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 100%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+58.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bacon, ham and other dried, salted or smoked pig meat in the world?

The countries with the highest volumes of in 2021 were the United States, Germany and Italy, with a combined 42% share of global consumption. These countries were followed by the UK, Brazil, Mexico, Spain, Japan, France, Poland, Ireland and South Korea, which together accounted for a further 45%.

What are the largest producers of bacon, ham and other dried, salted or smoked pig meat in the world?

The countries with the highest volumes of in 2021 were the United States, Italy and Germany, together accounting for 44% of global production. These countries were followed by the UK, Brazil, Spain, Mexico, Japan, France, Poland, Ireland, the Netherlands and South Korea, which together accounted for a further 44%.

What are the leading suppliers of bacon, ham and other dried, salted or smoked pig meat to Ecuador?

In value terms, Spain constituted the largest supplier of bacon and ham to Ecuador, comprising 64% of total imports. The second position in the ranking was occupied by Italy, with a 24% share of total imports. It was followed by the United States, with a 12% share.

What is the average export price for bacon, ham and other dried, salted or smoked pig meat in Ecuador?

The average bacon and ham export price stood at $13,188 per ton in 2018, standing approx. at the previous year.

What is the average import price for bacon, ham and other dried, salted or smoked pig meat in Ecuador?

In 2021, the average bacon and ham import price amounted to $10,584 per ton, picking up by 38% against the previous year.

This report provides an in-depth analysis of the bacon and ham market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023