Ecuador: Green Bean Market 2025

Green Bean Market Size in Ecuador

In 2022, after two years of growth, there was significant decline in the Ecuadorian green bean market, when its value decreased by -8% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Green Bean Production in Ecuador

In value terms, green bean production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 66% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average green bean yield in Ecuador dropped slightly to X tons per ha, which is down by -4% on the year before. Overall, the yield, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the yield increased by 111% against the previous year. Over the period under review, the average green bean yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area in Ecuador dropped to X ha in 2022, which is down by -12.1% on 2021. Over the period under review, the harvested area recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. The green bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Green Bean Exports

Exports from Ecuador

In 2022, shipments abroad of green beans was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 296% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, green bean exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 267%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for green bean exports from Ecuador, with a 73% share of total exports. Moreover, green bean exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Spain (X kg), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.4% per year) and Spain (+11.0% per year).

In value terms, the United States ($X) remains the key foreign market for green beans exports from Ecuador, comprising 75% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Spain, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.9% per year) and Spain (+23.2% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2022, which is down by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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 Spain ($X per ton), while the average price for exports to France ($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 Spain (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Ecuador

After three years of growth, purchases abroad of green beans decreased by -35.5% to X tons in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 245%. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, green bean imports shrank notably to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 376%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Spain (X tons) was the main green bean supplier to Ecuador, accounting for a approx. 100% share of total imports.

From 2013 to 2022, the average annual growth rate of volume from Spain totaled +52.4%.

In value terms, Spain ($X) constituted the largest supplier of green beans to Ecuador.

From 2013 to 2022, the average annual growth rate of value from Spain amounted to +58.6%.

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, with a decrease of -6.2% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +4.0% per year.

Source: IndexBox Platform

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