Ecuador: Bread And Bakery Market 2024

Bread And Bakery Market Size in Ecuador

The Ecuadorian bread and bakery market reduced to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Bread and bakery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Bread And Bakery Production in Ecuador

In value terms, bread and bakery production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Bread and bakery production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports from Ecuador

In 2022, shipments abroad of bread and bakery increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bread and bakery exports soared to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Peru (X tons) was the main destination for bread and bakery exports from Ecuador, accounting for a X% share of total exports. Moreover, bread and bakery exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

In value terms, Peru ($X) remains the key foreign market for bread and bakery exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Bread And Bakery Imports

Imports into Ecuador

In 2022, bread and bakery imports into Ecuador was estimated at X tons, picking up by X% compared with 2021 figures. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, bread and bakery imports surged to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Peru (X tons), Colombia (X tons) and the United States (X tons) were the main suppliers of bread and bakery imports to Ecuador, with a combined X% share of total imports. Turkey, Argentina and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and the United States ($X) appeared to be the largest bread and bakery suppliers to Ecuador, with a combined X% share of total imports. Argentina, Spain and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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