Ecuador: Grain Market 2025

Grain Market Size in Ecuador

The Ecuadorian grain market amounted to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grain Production in Ecuador

In value terms, grain production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Grain production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average grain yield in Ecuador fell to X tons per ha, reducing by X% against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The grain yield peaked at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Ecuador shrank slightly to X ha in 2022, waning by X% on 2021. Overall, the harvested area recorded a noticeable decline. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports from Ecuador

Grain exports from Ecuador dropped markedly to X tons in 2022, with a decrease of X% on the previous year. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports contracted significantly to $X in 2022. Overall, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons), the United States (X tons) and Canada (X tons) were the main destinations of grain exports from Ecuador, with a combined X% share of total exports. Guatemala, Costa Rica, the Netherlands, France, Italy and Colombia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Israel ($X), the United States ($X) and Canada ($X) were the largest markets for grain exported from Ecuador worldwide, together accounting for X% of total exports. Guatemala, the Netherlands, France, Costa Rica, Italy and Colombia lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Costa Rica ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Ecuador

After three years of growth, overseas purchases of cereal grains decreased by X% to X tons in 2022. Overall, total imports indicated buoyant 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 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, grain imports surged to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Canada (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of grain imports to Ecuador, with a combined X% share of total imports. Brazil, Australia and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Canada ($X), Argentina ($X) and the United States ($X) appeared to be the largest grain suppliers to Ecuador, with a combined X% share of total imports. Brazil, Australia and Russia lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded 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 grain import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price 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, grain import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the price for Argentina ($X per ton) and Brazil ($X per ton) were 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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