Ecuador: Cassava Market 2025

Cassava Market Size in Ecuador

The Ecuadorian cassava market reduced to $X in 2022, which is down by -8.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Ecuador

In value terms, cassava production fell to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 135%. Cassava production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of cassava in Ecuador declined to X tons per ha in 2022, which is down by -10.1% compared with 2021 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by 136% against the previous year. The cassava yield peaked at X tons per ha in 2018; however, from 2019 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.

The cassava harvested area in Ecuador reduced to X ha in 2022, waning by -7.2% on 2021. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 17%. The cassava harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports from Ecuador

In 2022, overseas shipments of cassava were finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate mild growth. The pace of growth appeared the most rapid in 2019 when exports increased by 420%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cassava exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 428%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cassava exports from Ecuador, accounting for a 68% share of total exports. Moreover, cassava exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.0% per year) and Spain (+6.4% per year).

In value terms, the United States ($X) remains the key foreign market for cassava exports from Ecuador, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.3% share of total exports. It was followed by Bermuda, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.6% per year) and Bermuda (0.0% per year).

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bermuda ($X per ton), while the average price for exports to Spain ($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 Peru (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into Ecuador

In 2019, the amount of cassava imported into Ecuador skyrocketed to X tons, jumping by 65% on the previous year's figure. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 182%. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, cassava imports soared to $X in 2019. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 177% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Costa Rica (X tons) was the main cassava supplier to Ecuador, with a approx. 100% share of total imports.

From 2014 to 2019, the average annual growth rate of volume from Costa Rica stood at +115.8%.

In value terms, Costa Rica ($X) constituted the largest supplier of cassava to Ecuador.

From 2014 to 2019, the average annual rate of growth in terms of value from Costa Rica amounted to +113.5%.

Import Prices by Country

In 2019, the average cassava import price amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 0.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2019, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Costa Rica.

From 2014 to 2019, the rate of growth in terms of prices for El Salvador amounted to +99.2% per year.

Source: IndexBox Platform

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