Ecuador: Canned Meat Market 2024

Canned Meat Market Size in Ecuador

The Ecuadorian canned meat market dropped modestly to $X in 2021, declining by -4.4% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.8% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in Ecuador

In value terms, canned meat production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 42% against the previous year. Canned meat production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Canned Meat Exports

Exports from Ecuador

For the seventh year in a row, Ecuador recorded decline in shipments abroad of canned meat, which decreased by -11.2% to X tons in 2021. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 561% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, canned meat exports dropped modestly to $X in 2021. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for canned meat exports from Ecuador, accounting for a 96% share of total exports. Moreover, canned meat exports to Poland exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +205.6%.

In value terms, Poland ($X) remains the key foreign market for canned meat exports from Ecuador, comprising 93% of total exports. The second position in the ranking was taken by Maldives ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland totaled +236.6%.

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 463% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Meat Imports

Imports into Ecuador

In 2021, the amount of canned meat imported into Ecuador soared to X tons, growing by 24% on the year before. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.4% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports surged to $X in 2021. Overall, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bolivia (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of canned meat imports to Ecuador, together comprising 97% of total imports. These countries were followed by Spain, which accounted for a further 1.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) constituted the largest supplier of canned meat to Ecuador, comprising 56% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Chile, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bolivia stood at +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Chile (-12.5% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, picking up by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+37.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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