Ecuador: Market for Caviar (Salmon) And Caviar Substitutes 2025

Market Size for Caviar (Salmon) And Caviar Substitutes in Ecuador

In 2021, after three years of growth, there was significant decline in the Ecuadorian market for caviar (salmon) and caviar substitutes, when its value decreased by -6.3% to $X. Over the period under review, consumption, however, recorded a pronounced curtailment. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Ecuador

In value terms, caviar (salmon) and caviar substitutes production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Ecuador

Caviar (salmon) and caviar substitutes exports from Ecuador stood at X tons in 2018, flattening at 2017 figures. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs in 2018 and are expected to retain growth in years to come.

In value terms, caviar (salmon) and caviar substitutes exports amounted to $X in 2018. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2013. The exports peaked in 2018 and are expected to retain growth in the near future.

Exports by Country

Maldives (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Maldives was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2018, stabilizing at the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2013 a decrease of 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

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

From 2012 to 2018, the rate of growth in terms of prices for Italy amounted to 0.0% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Ecuador

For the third consecutive year, Ecuador recorded decline in overseas purchases of caviar (salmon) and caviar substitutes, which decreased by -18.3% to X tons in 2021. In general, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2018 when imports increased by 253%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes imports fell dramatically to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 208%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest caviar (salmon) and caviar substitutes supplier to Ecuador, with a 65% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -1.5%.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Ecuador were the United States ($X) and Spain ($X).

In terms of the main suppliers, Spain, with a CAGR of +10.8%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, shrinking by -5.2% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price increased by +15.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.7%).

Source: IndexBox Platform

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