Ecuador: Chewing Gum Market 2022

Chewing Gum Market Size in Ecuador

The ecuadorian chewing gum market reduced remarkably to $X in 2021, with a decrease of -X% against the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).Overall, consumption continues to indicate a relatively flat trend pattern.As a result, consumption reached the peak level of $X. from 2018 to 2021, the growth of the market remained at a lower figure.

Chewing Gum Production in Ecuador

In value terms, chewing gum production rose to $X in 2021 estimated in export price.In general, production, however, continues to indicate a abrupt contraction.The pace of growth was the most pronounced in 2014 with an increase of X gum production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Chewing Gum Exports

Exports from Ecuador

In 2021, shipments abroad of chewing gum was finally on the rise to reach X tons after six years of decline.Over the period under review, exports, however, saw a drastic downturn.The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, chewing gum exports soared to $X in 2021.Overall, exports, however, showed a abrupt downturn.Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) was the main destination for chewing gum exports from Ecuador, with a X% share of total exports. Moreover, chewing gum exports to Nicaragua exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by Bolivia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Nicaragua stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and Bolivia (-X% per year).

In value terms, Nicaragua ($X) remains the key foreign market for chewing gum exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Nicaragua totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Chewing Gum Imports

Imports into Ecuador

Chewing gum imports into ecuador soared to X tons in 2021, increasing by X% against 2020 figures.Overall, imports, however, showed a deep setback.The most prominent rate of growth was recorded in 2013 with an increase of X a result, imports reached the peak of X tons. from 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, chewing gum imports soared to $X in 2021.In general, imports, however, saw a abrupt shrinkage.The most prominent rate of growth was recorded in 2013 when imports increased by X a result, imports attained the peak of $X. from 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), China (X tons) and Peru (X tons) were the main suppliers of chewing gum imports to Ecuador, with a combined X% share of total imports. Brazil, colombia, spain and guatemala lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Mexico ($X) and Peru ($X) constituted the largest chewing gum suppliers to Ecuador, together comprising X% of total imports. Spain, brazil, colombia and guatemala lagged somewhat behind, together accounting for a further X, with a cagr of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, remaining constant against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, chewing gum import price increased by +X% against 2019 indices.The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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